Is Saint Stephen, MN 56375 a buyer’s or seller’s market?
Saint Stephen is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Saint Stephen housing market right now
In the three months ending August 31, 2026, 0% of homes in Saint Stephen, MN 56375 sold above their list price, the typical home went under contract in 227 days and there were 6.4 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 was about the same (0% then), homes sold more slowly (14 days then) and the median sale price rose 17% to $584,747. Overall, Saint Stephen is less competitive than a year ago, which gives buyers more room.
Within Stearns County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Holdingford 56340 (38% sold over asking) and Cold Spring 56320 (36% sold over asking) are even more competitive.
Run the numbers for 56375
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 →Where Saint Stephen is
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Questions about Saint Stephen real estate
Is Saint Stephen a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Saint Stephen, MN 56375 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 Saint Stephen?
The typical home went under contract in 227 days in the latest three months.
Do homes in Saint Stephen sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 90.0% of the list price.
What are property taxes in Saint Stephen?
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 Saint Stephen?
The median sale price was $584,747 in the three months ending August 31, 2026, about $297 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