Is Garfield, MN 56332 a buyer’s or seller’s market?
Garfield is a buyer’s market. With about 11.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Garfield housing market right now
In the three months ending August 31, 2026, 0% of homes in Garfield, MN 56332 sold above their list price, the typical home went under contract in 90 days and there were 11.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold more slowly (19 days then) and the median sale price fell 25% to $244,844. Overall, Garfield is less competitive than a year ago, which gives buyers more room.
Within Douglas County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Evansville 56326 (33% sold over asking) and Miltona 56354 (31% sold over asking) are even more competitive.
Run the numbers for 56332
Nearby markets
Alexandria 56308Seller’s market $194 /sq ftBrandon 56315Seller’s market $246 /sq ftCarlos 56319Seller’s market $228 /sq ftEvansville 56326Seller’s market $231 /sq ft Browse all markets →Towns like Garfield nearby
Find towns like Garfield in other states →Where Garfield is
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Questions about Garfield real estate
Is Garfield a buyer’s or seller’s market?
A buyer’s market: there were 11.2 months of supply in Garfield, MN 56332 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Garfield?
The typical home went under contract in 90 days in the latest three months.
Do homes in Garfield sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Garfield?
About 0.83% of a home’s value a year in Douglas County, or roughly $3,320 on a $400,000 home.
What is the median home price in Garfield?
The median sale price was $244,844 in the three months ending August 31, 2026, about $273 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology