Is Mc Grath, MN 56350 a buyer’s or seller’s market?
Mc Grath is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Mc Grath housing market right now
In the three months ending August 31, 2026, 67% of homes in Mc Grath, MN 56350 sold above their list price and the typical home went under contract in 50 days. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (63 days then) and the median sale price rose 20% to $256,123. Overall, Mc Grath is more competitive than a year ago, so tougher for buyers.
Within Aitkin County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 88%.
Nearby, buyers who want less competition could look at Jacobson 55752 (0% sold over asking) or Palisade 56469 (11% sold over asking), while Swatara 55785 (100% sold over asking) is even more competitive.
Run the numbers for 56350
Nearby markets
Aitkin 56431Seller’s market $213 /sq ftHill City 55748Balanced $156 /sq ftIsle 56342Seller’s market $269 /sq ftJacobson 55752Buyer’s market $320 /sq ft Browse all markets →Where Mc Grath is
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Questions about Mc Grath real estate
How fast do homes sell in Mc Grath?
The typical home went under contract in 50 days in the latest three months.
Do homes in Mc Grath sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 102.0% of the list price.
What are property taxes in Mc Grath?
About 0.55% of a home’s value a year in Aitkin County, or roughly $2,200 on a $400,000 home.
What is the median home price in Mc Grath?
The median sale price was $256,123 in the three months ending August 31, 2026, about $230 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