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Is Oak Park, MN 56357 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Oak Park is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.6Under 4 months = seller’s market
Sold above original list99.9%Share of sales, last 3 months
Median sale-to-list100.3%Sold price ÷ list price
Median days on market42Listing to accepted offer
Median price per sq ft$299▲ +46.4% vs. last year

The Oak Park housing market right now

In the three months ending August 31, 2026, 100% of homes in Oak Park, MN 56357 sold above their list price, the typical home went under contract in 42 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, 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 more slowly (15 days then) and the median sale price fell 30% to $350,848. Overall, Oak Park is more competitive than a year ago, so tougher for buyers.

Nearby, buyers who want less competition could look at Foley 56329 (21% sold over asking) or Rice 56367 (29% sold over asking).

Run the numbers for 56357

Prefilled for 56357Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56357Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Foley 56329Seller’s market $176 /sq ftRice 56367Seller’s market $227 /sq ftSauk Rapids 56379Seller’s market $161 /sq ft Browse all markets →

Towns like Oak Park nearby

Find towns like Oak Park in other states →
Harris, MN55032 · 38 miles away74% similarpricier homes ($87K more) · larger Stanchfield, MN55080 · 28 miles away69% similarpricier homes ($62K more) · larger Ogilvie, MN56358 · 21 miles away65% similarlower income ($31K less) · cheaper homes ($34K less) Grasston, MN55030 · 37 miles away64% similarlower income ($33K less) · cheaper homes ($99K less)

Where Oak Park is

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Questions about Oak Park real estate

Is Oak Park a buyer’s or seller’s market?

A buyer’s market: there were 9.6 months of supply in Oak Park, MN 56357 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 Oak Park?

The typical home went under contract in 42 days in the latest three months.

Do homes in Oak Park sell over asking?

100% of homes sold above their original list price, and the typical sale closed at 100.3% of the list price.

What are property taxes in Oak Park?

About 0.98% of a home’s value a year in Benton County, or roughly $3,920 on a $400,000 home.

What is the median home price in Oak Park?

The median sale price was $350,848 in the three months ending August 31, 2026, about $299 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