Is Nelson, MN 56355 a buyer’s or seller’s market?
Nelson 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 Nelson housing market right now
In the three months ending August 31, 2026, 0% of homes in Nelson, MN 56355 sold above their list price, the typical home went under contract in 64 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 1 sale, these figures can swing a lot from month to month.
Within Douglas County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell 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 56355
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 →Where Nelson is
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Questions about Nelson real estate
Is Nelson a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Nelson, MN 56355 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 Nelson?
The typical home went under contract in 64 days in the latest three months.
Do homes in Nelson sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.1% of the list price.
What are property taxes in Nelson?
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 Nelson?
The median sale price was $254,890 in the three months ending August 31, 2026, about $156 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