Is Deer Creek, MN 56527 a buyer’s or seller’s market?
Deer Creek is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Deer Creek housing market right now
In the three months ending August 31, 2026, 50% of homes in Deer Creek, MN 56527 sold above their list price, the typical home went under contract in 194 days and there were 4.8 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 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 was about the same (50% then), homes sold more slowly (39 days then) and the median sale price held steady to $297,371. Overall, Deer Creek is less competitive than a year ago, which gives buyers more room.
Within Otter Tail 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 Vergas 56587 (0% sold over asking) or Erhard 56534 (0% sold over asking).
Run the numbers for 56527
Nearby markets
Battle Lake 56515Balanced $251 /sq ftBluffton 56518Buyer’s market $170 /sq ftClitherall 56524Seller’s market $215 /sq ftDalton 56324Seller’s market $160 /sq ft Browse all markets →Where Deer Creek is
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Questions about Deer Creek real estate
Is Deer Creek a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Deer Creek, MN 56527 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 Deer Creek?
The typical home went under contract in 194 days in the latest three months.
Do homes in Deer Creek sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.
What are property taxes in Deer Creek?
About 0.77% of a home’s value a year in Otter Tail County, or roughly $3,080 on a $400,000 home.
What is the median home price in Deer Creek?
The median sale price was $297,371 in the three months ending August 31, 2026, about $125 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