Is Melrose, MN 56352 a buyer’s or seller’s market?
Melrose is a seller’s market. With about 3.7 months of supply and 17% 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 Melrose housing market right now
In the three months ending August 31, 2026, 17% of homes in Melrose, MN 56352 sold above their list price, the typical home went under contract in 21 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold about as fast and the median sale price rose 43% to $343,351. Overall, Melrose is less competitive than a year ago, which gives buyers more room.
Within Stearns County, homes here sell faster than in 70% of the county’s ZIP codes, and sell less often over asking than in 75%.
Nearby, buyers who want less competition could look at Saint Stephen 56375 (0% sold over asking) or New Munich 56356 (0% sold over asking), while Holdingford 56340 (38% sold over asking) and Cold Spring 56320 (36% sold over asking) are even more competitive.
Run the numbers for 56352
Nearby markets
Albany 56307Seller’s market $179 /sq ftAvon 56310Balanced $180 /sq ftBelgrade 56312Seller’s market $177 /sq ftClearwater 55320Seller’s market $188 /sq ft Browse all markets →Towns like Melrose nearby
Find towns like Melrose in other states →Where Melrose is
Loading map…
Questions about Melrose real estate
Is Melrose a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Melrose, MN 56352 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 Melrose?
The typical home went under contract in 21 days in the latest three months.
Do homes in Melrose sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 98.5% of the list price.
What are property taxes in Melrose?
About 1.00% of a home’s value a year in Stearns County, or roughly $4,000 on a $400,000 home.
What is the median home price in Melrose?
The median sale price was $343,351 in the three months ending August 31, 2026, about $131 per square foot.
Local agents
See all agents in 56352 →No sponsored agents in 56352 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 56352
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology