Is Nisswa, MN 56468 a buyer’s or seller’s market?
Nisswa is a seller’s market. With about 3.5 months of supply and 29% 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.
More competitive than 65% of U.S. ZIP codes, and #191 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 Nisswa housing market right now
In the three months ending August 31, 2026, 29% of homes in Nisswa, MN 56468 sold above their list price, the typical home went under contract in 18 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 43 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold faster (65 days then) and the median sale price fell 1% to $607,187. Overall, Nisswa is more competitive than a year ago, so tougher for buyers.
Within Crow Wing County, homes here sell faster than in 82% of the county’s ZIP codes, and sell more often over asking than in 55%. On our competition score, Nisswa ranks #191 of 296 MN ZIP codes with enough sales (score 62 out of 100).
Nearby, buyers who want less competition could look at Garrison 56450 (8% sold over asking) or Crosslake 56442 (15% sold over asking), while Fifty Lakes 56448 (57% sold over asking) and Ironton 56455 (45% sold over asking) are even more competitive.
Run the numbers for 56468
Nearby markets
Baxter 56425Seller’s market $176 /sq ftBrainerd 56401Seller’s market $192 /sq ftCrosby 56441Seller’s market $209 /sq ftCrosslake 56442Seller’s market $349 /sq ft Browse all markets →Towns like Nisswa nearby
Find towns like Nisswa in other states →Where Nisswa is
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Questions about Nisswa real estate
Is Nisswa a buyer’s or seller’s market?
A seller’s market: there were 3.5 months of supply in Nisswa, MN 56468 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 Nisswa?
The typical home went under contract in 18 days in the latest three months.
Do homes in Nisswa sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 99.0% of the list price.
What are property taxes in Nisswa?
About 0.74% of a home’s value a year in Crow Wing County, or roughly $2,960 on a $400,000 home.
What is the median home price in Nisswa?
The median sale price was $607,187 in the three months ending August 31, 2026, about $372 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