Is Osakis, MN 56360 a buyer’s or seller’s market?
Osakis is a seller’s market. With about 2.5 months of supply and 30% 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.
More competitive than 62% of U.S. ZIP codes, and #200 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Osakis housing market right now
In the three months ending August 31, 2026, 30% of homes in Osakis, MN 56360 sold above their list price, the typical home went under contract in 15 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 28 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 27%, homes sold faster (30 days then) and the median sale price rose 5% to $262,877. Overall, Osakis is more competitive than a year ago, so tougher for buyers.
Within Todd County, homes here sell faster than in 88% of the county’s ZIP codes, and sell more often over asking than in 88%. On our competition score, Osakis ranks #200 of 296 MN ZIP codes with enough sales (score 60 out of 100).
Nearby, buyers who want less competition could look at Grey Eagle 56336 (0% sold over asking) or Browerville 56438 (9% sold over asking), while Bertha 56437 (33% sold over asking) is even more competitive.
Run the numbers for 56360
Nearby markets
Bertha 56437Balanced $133 /sq ftBrowerville 56438Seller’s market $192 /sq ftBurtrum 56318Seller’s market $168 /sq ftClarissa 56440Seller’s market $115 /sq ft Browse all markets →Towns like Osakis nearby
Find towns like Osakis in other states →Where Osakis is
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Questions about Osakis real estate
Is Osakis a buyer’s or seller’s market?
A seller’s market: there were 2.5 months of supply in Osakis, MN 56360 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 Osakis?
The typical home went under contract in 15 days in the latest three months.
Do homes in Osakis sell over asking?
30% of homes sold above their original list price, and the typical sale closed at 97.3% of the list price.
What are property taxes in Osakis?
About 0.95% of a home’s value a year in Todd County, or roughly $3,800 on a $400,000 home.
What is the median home price in Osakis?
The median sale price was $262,877 in the three months ending August 31, 2026, about $173 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