Is Borup, MN 56519 a buyer’s or seller’s market?
Borup is a seller’s market. With about 3.2 months of supply and 0% 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 Borup housing market right now
In the three months ending August 31, 2026, 0% of homes in Borup, MN 56519 sold above their list price, the typical home went under contract in 38 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Within Norman County, homes here sell faster than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Run the numbers for 56519
Nearby markets
Ada 56510Seller’s market $82 /sq ftGary 56545Buyer’s market $140 /sq ftHalstad 56548Balanced $109 /sq ftHendrum 56550Buyer’s market $52 /sq ft Browse all markets →Where Borup is
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Questions about Borup real estate
Is Borup a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Borup, MN 56519 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 Borup?
The typical home went under contract in 38 days in the latest three months.
Do homes in Borup sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 92.1% of the list price.
What are property taxes in Borup?
About 0.94% of a home’s value a year in Norman County, or roughly $3,760 on a $400,000 home.
What is the median home price in Borup?
The median sale price was $174,924 in the three months ending August 31, 2026, about $132 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