Is Deerwood, MN 56444 a buyer’s or seller’s market?

The Deerwood housing market right now

In the three months ending August 31, 2026, 15% of homes in Deerwood, MN 56444 sold above their list price, the typical home went under contract in 33 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 21 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 30%, homes sold more slowly (22 days then) and the median sale price fell 15% to $398,578. Overall, Deerwood is less competitive than a year ago, which gives buyers more room.

Within Crow Wing County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell less often over asking than in 82%. On our competition score, Deerwood ranks #253 of 296 MN ZIP codes with enough sales (score 41 out of 100).

Nearby, buyers who want less competition could look at Garrison 56450 (8% sold over asking), while Fifty Lakes 56448 (57% sold over asking) and Ironton 56455 (45% sold over asking) are even more competitive.