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Is Sebeka, MN 56477 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Sebeka is a balanced market. With about 4.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.5Under 4 months = seller’s market
Sold above original list40%Share of sales, last 3 months
Median sale-to-list101%Sold price ÷ list price
Median days on market43Listing to accepted offer
Median price per sq ft$152▼ −17.3% vs. last year

The Sebeka housing market right now

In the three months ending August 31, 2026, 40% of homes in Sebeka, MN 56477 sold above their list price, the typical home went under contract in 43 days and there were 4.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 5 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 43%, homes sold faster (98 days then) and the median sale price rose 40% to $307,867. Overall, Sebeka is more competitive than a year ago, so tougher for buyers.

Nearby, buyers who want less competition could look at Verndale 56481 (0% sold over asking) or Menahga 56464 (12% sold over asking).

Run the numbers for 56477

Prefilled for 56477Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56477Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Menahga 56464Buyer’s market $186 /sq ftVerndale 56481Buyer’s market $141 /sq ftWadena 56482Seller’s market $133 /sq ft Browse all markets →

Towns like Sebeka nearby

Find towns like Sebeka in other states →
Browerville, MN56438 · 39 miles away94% similarVery close on income, prices and more Staples, MN56479 · 24 miles away90% similarlarger · 5 min shorter commute Henning, MN56551 · 26 miles away87% similarpricier homes ($52K more) · older residents Parkers Prairie, MN56361 · 35 miles away86% similarpricier homes ($62K more)

Where Sebeka is

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Questions about Sebeka real estate

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

A balanced market: there were 4.5 months of supply in Sebeka, MN 56477 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 Sebeka?

The typical home went under contract in 43 days in the latest three months.

Do homes in Sebeka sell over asking?

40% of homes sold above their original list price, and the typical sale closed at 101.0% of the list price.

What are property taxes in Sebeka?

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 Sebeka?

The median sale price was $307,867 in the three months ending August 31, 2026, about $152 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