Is Climax, MN 56523 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

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

Months of supply—Under 4 months = seller’s market

Sold above original list99.9%Share of sales, last 3 months

Median sale-to-list101.5%Sold price ÷ list price

Median days on market135Listing to accepted offer

Median price per sq ft$84▼ −19.5% vs. last year

The Climax housing market right now

In the three months ending August 31, 2026, 100% of homes in Climax, MN 56523 sold above their list price and the typical home went under contract in 135 days. With only 1 sale, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (77 days then) and the median sale price fell 8% to $132,942. Overall, Climax is more competitive than a year ago, so tougher for buyers.

Within Polk County, homes here sell more slowly, and more often over asking, than in any other ZIP code in the county.

Nearby, buyers who want less competition could look at Fisher 56723 (0% sold over asking) or Gully 56646 (0% sold over asking).

About the area

Polk County, MN

Population	382
Median income	$56,685
Average income	$90,253
Median home value	$147,000
Median rent	$950/month
Owner-occupied	81% of homes
Median year built	1957

Natural hazard riskWinter storms (very high), hail (relatively high), tornadoes (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 56523; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 56523

Prefilled for 56523Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56523Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Crookston 56716Balanced $110 /sq ft East Grand Forks 56721Seller’s market $235 /sq ft Erskine 56535Buyer’s market $336 /sq ft Euclid 56722 — /sq ft Browse all markets →

Where Climax is

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Questions about Climax real estate

How fast do homes sell in Climax?

The typical home went under contract in 135 days in the latest three months.

Do homes in Climax sell over asking?

100% of homes sold above their original list price, and the typical sale closed at 101.5% of the list price.

What are property taxes in Climax?

About 1.01% of a home’s value a year in Polk County, or roughly $4,040 on a $400,000 home.

What is the median home price in Climax?

The median sale price was $132,942 in the three months ending August 31, 2026, about $84 per square foot.

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More tools for 56523

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Polk County property taxes Polk County loan limits Closing costs in Minnesota Hottest ZIP codes in Minnesota

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology