Is Palisade, MN 56469 a buyer’s or seller’s market?
Palisade is a seller’s market. With about 3.9 months of supply and 11% 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 Palisade housing market right now
In the three months ending August 31, 2026, 11% of homes in Palisade, MN 56469 sold above their list price, the typical home went under contract in 11 days and there were 3.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 44%, homes sold faster (49 days then) and the median sale price fell 17% to $317,862. Overall, Palisade is less competitive than a year ago, which gives buyers more room.
Within Aitkin County, homes here sell faster than in 88% of the county’s ZIP codes, and sell less often over asking than in 87%.
Nearby, buyers who want less competition could look at Jacobson 55752 (0% sold over asking), while Swatara 55785 (100% sold over asking) and Mc Grath 56350 (67% sold over asking) are even more competitive.
Run the numbers for 56469
Nearby markets
Aitkin 56431Seller’s market $213 /sq ftHill City 55748Balanced $156 /sq ftIsle 56342Seller’s market $269 /sq ftJacobson 55752Buyer’s market $320 /sq ft Browse all markets →Where Palisade is
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Questions about Palisade real estate
Is Palisade a buyer’s or seller’s market?
A seller’s market: there were 3.9 months of supply in Palisade, MN 56469 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 Palisade?
The typical home went under contract in 11 days in the latest three months.
Do homes in Palisade sell over asking?
11% of homes sold above their original list price, and the typical sale closed at 96.5% of the list price.
What are property taxes in Palisade?
About 0.55% of a home’s value a year in Aitkin County, or roughly $2,200 on a $400,000 home.
What is the median home price in Palisade?
The median sale price was $317,862 in the three months ending August 31, 2026, about $267 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