Is Akeley, MN 56433 a buyer’s or seller’s market?

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

Akeley is a seller’s market. With about 3.8 months of supply and 40% 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.

Competition score65/ 100

More competitive than 68% of U.S. ZIP codes, and #171 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

Months of supply3.8Under 4 months = seller’s market
Sold above original list40%Share of sales, last 3 months
Median sale-to-list99.6%Sold price ÷ list price
Median days on market33Listing to accepted offer
Median price per sq ft$185▼ −6.0% vs. last year

The Akeley housing market right now

In the three months ending August 31, 2026, 40% of homes in Akeley, MN 56433 sold above their list price, the typical home went under contract in 33 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 15 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 29%, homes sold faster (60 days then) and the median sale price fell 2% to $369,840. Overall, Akeley is more competitive than a year ago, so tougher for buyers.

Within Hubbard County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Akeley ranks #171 of 296 MN ZIP codes with enough sales (score 65 out of 100).

Nearby, buyers who want less competition could look at Laporte 56461 (19% sold over asking) or Lake George 56458 (20% sold over asking), while Nevis 56467 (43% sold over asking) is even more competitive.

Nearby markets

Lake George 56458Seller’s market $191 /sq ftLaporte 56461Seller’s market $193 /sq ftNevis 56467Seller’s market $263 /sq ftPark Rapids 56470Balanced $192 /sq ft Browse all markets →

Where Akeley is

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Questions about Akeley real estate

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

A seller’s market: there were 3.8 months of supply in Akeley, MN 56433 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 Akeley?

The typical home went under contract in 33 days in the latest three months.

Do homes in Akeley sell over asking?

40% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.

What are property taxes in Akeley?

About 0.78% of a home’s value a year in Hubbard County, or roughly $3,120 on a $400,000 home.

What is the median home price in Akeley?

The median sale price was $369,840 in the three months ending August 31, 2026, about $185 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