Is Upsala, MN 56384 a buyer’s or seller’s market?
Upsala is a seller’s market. With about 3.2 months of supply and 100% 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 Upsala housing market right now
In the three months ending August 31, 2026, 100% of homes in Upsala, MN 56384 sold above their list price, the typical home went under contract in 13 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.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (30 days then) and the median sale price rose 104% to $222,404. Overall, Upsala is more competitive than a year ago, so tougher for buyers.
Within Morrison County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Swanville 56382 (0% sold over asking) or Pierz 56364 (0% sold over asking).
Run the numbers for 56384
Nearby markets
Bowlus 56314Seller’s market $175 /sq ftCushing 56443Balanced $201 /sq ftFlensburg 56328 — /sq ftHillman 56338Seller’s market $295 /sq ft Browse all markets →Where Upsala is
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Questions about Upsala real estate
Is Upsala a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Upsala, MN 56384 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 Upsala?
The typical home went under contract in 13 days in the latest three months.
Do homes in Upsala sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 101.2% of the list price.
What are property taxes in Upsala?
About 0.88% of a home’s value a year in Morrison County, or roughly $3,520 on a $400,000 home.
What is the median home price in Upsala?
The median sale price was $222,404 in the three months ending August 31, 2026, about $128 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