Is Callaway, MN 56521 a buyer’s or seller’s market?
Callaway is a seller’s market. With about 1.6 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 Callaway housing market right now
In the three months ending August 31, 2026, 0% of homes in Callaway, MN 56521 sold above their list price and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 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 67%, homes sold more slowly (88 days then) and the median sale price fell 17% to $233,899. Overall, Callaway is less competitive than a year ago, which gives buyers more room.
Within Becker County, homes here sell less often over asking than in any other ZIP code in the county.
Nearby, Audubon 56511 (36% sold over asking) and Lake Park 56554 (21% sold over asking) are even more competitive.
Run the numbers for 56521
Nearby markets
Audubon 56511Seller’s market $261 /sq ftDetroit Lakes 56501Balanced $217 /sq ftFrazee 56544Balanced $189 /sq ftLake Park 56554Seller’s market $307 /sq ft Browse all markets →Where Callaway is
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Questions about Callaway real estate
Is Callaway a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Callaway, MN 56521 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
Do homes in Callaway sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 88.6% of the list price.
What are property taxes in Callaway?
About 0.69% of a home’s value a year in Becker County, or roughly $2,760 on a $400,000 home.
What is the median home price in Callaway?
The median sale price was $233,899 in the three months ending August 31, 2026, about $258 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