Is Menahga, MN 56464 a buyer’s or seller’s market?
Menahga is a buyer’s market. With about 6.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 21% of U.S. ZIP codes, and #284 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 Menahga housing market right now
In the three months ending August 31, 2026, 12% of homes in Menahga, MN 56464 sold above their list price, the typical home went under contract in 40 days and there were 6.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 17 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold faster (49 days then) and the median sale price held steady to $309,866. Overall, Menahga is less competitive than a year ago, which gives buyers more room.
On our competition score, Menahga ranks #284 of 296 MN ZIP codes with enough sales (score 26 out of 100).
Nearby, buyers who want less competition could look at Verndale 56481 (0% sold over asking), while Sebeka 56477 (40% sold over asking) and Wadena 56482 (26% sold over asking) are even more competitive.
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Nearby markets
Sebeka 56477Balanced $152 /sq ftVerndale 56481Buyer’s market $141 /sq ftWadena 56482Seller’s market $133 /sq ft Browse all markets →Towns like Menahga nearby
Find towns like Menahga in other states →Where Menahga is
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Questions about Menahga real estate
Is Menahga a buyer’s or seller’s market?
A buyer’s market: there were 6.2 months of supply in Menahga, MN 56464 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 Menahga?
The typical home went under contract in 40 days in the latest three months.
Do homes in Menahga sell over asking?
12% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in Menahga?
About 1.04% of a home’s value a year in Wadena County, or roughly $4,160 on a $400,000 home.
What is the median home price in Menahga?
The median sale price was $309,866 in the three months ending August 31, 2026, about $186 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