Is Hoffman, MN 56339 a buyer’s or seller’s market?
Hoffman is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Hoffman housing market right now
In the three months ending August 31, 2026, 0% of homes in Hoffman, MN 56339 sold above their list price, the typical home went under contract in 112 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (19 days then) and the median sale price rose 58% to $407,324. Overall, Hoffman is less competitive than a year ago, which gives buyers more room.
Within Grant County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Ashby 56309 (20% sold over asking) and Elbow Lake 56531 (8% sold over asking) are even more competitive.
Run the numbers for 56339
Nearby markets
Ashby 56309Balanced $140 /sq ftBarrett 56311 — /sq ftElbow Lake 56531Seller’s market $104 /sq ftHerman 56248Buyer’s market $163 /sq ft Browse all markets →Towns like Hoffman nearby
Find towns like Hoffman in other states →Where Hoffman is
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Questions about Hoffman real estate
Is Hoffman a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Hoffman, MN 56339 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 Hoffman?
The typical home went under contract in 112 days in the latest three months.
Do homes in Hoffman sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.
What are property taxes in Hoffman?
About 0.93% of a home’s value a year in Grant County, or roughly $3,720 on a $400,000 home.
What is the median home price in Hoffman?
The median sale price was $407,324 in the three months ending August 31, 2026, about $171 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