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Is Ogilvie, MN 56358 a buyer’s or seller’s market?

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

Ogilvie is a seller’s market. With about 2 months of supply and 50% 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.

Months of supply2Under 4 months = seller’s market
Sold above original list50%Share of sales, last 3 months
Median sale-to-list100.9%Sold price ÷ list price
Median days on market34Listing to accepted offer
Median price per sq ft$211▲ +49.3% vs. last year

The Ogilvie housing market right now

In the three months ending August 31, 2026, 50% of homes in Ogilvie, MN 56358 sold above their list price, the typical home went under contract in 34 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 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 (38 days then) and the median sale price fell 7% to $289,575. Overall, Ogilvie is more competitive than a year ago, so tougher for buyers.

Nearby, buyers who want less competition could look at Brook Park 55007 (17% sold over asking) or Mora 55051 (35% sold over asking).

Run the numbers for 56358

Prefilled for 56358Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56358Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Braham 55006Seller’s market $169 /sq ftBrook Park 55007Seller’s market $160 /sq ftMora 55051Seller’s market $214 /sq ft Browse all markets →

Towns like Ogilvie nearby

Find towns like Ogilvie in other states →
Grasston, MN55030 · 17 miles away90% similarcheaper homes ($65K less) · smaller Braham, MN55006 · 14 miles away86% similarcheaper homes ($38K less) · 5 min shorter commute Foreston, MN56330 · 16 miles away86% similarVery close on income, prices and more Brook Park, MN55007 · 19 miles away85% similarcheaper homes ($27K less) · older residents

Where Ogilvie is

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Questions about Ogilvie real estate

Is Ogilvie a buyer’s or seller’s market?

A seller’s market: there were 2 months of supply in Ogilvie, MN 56358 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 Ogilvie?

The typical home went under contract in 34 days in the latest three months.

Do homes in Ogilvie sell over asking?

50% of homes sold above their original list price, and the typical sale closed at 100.9% of the list price.

What are property taxes in Ogilvie?

About 1.13% of a home’s value a year in Kanabec County, or roughly $4,520 on a $400,000 home.

What is the median home price in Ogilvie?

The median sale price was $289,575 in the three months ending August 31, 2026, about $211 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