Is Erskine, MN 56535 a buyer’s or seller’s market?
Erskine is a buyer’s market. With about 20.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Erskine housing market right now
In the three months ending August 31, 2026, 0% of homes in Erskine, MN 56535 sold above their list price, the typical home went under contract in 6 days and there were 20.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room 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 (0% then), homes sold faster (29 days then) and the median sale price rose 18% to $581,748. Overall, Erskine is more competitive than a year ago, so tougher for buyers.
Within Polk County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Climax 56523 (100% sold over asking) and Mentor 56736 (33% sold over asking) are even more competitive.
Run the numbers for 56535
Nearby markets
Climax 56523 $84 /sq ftCrookston 56716Balanced $110 /sq ftEast Grand Forks 56721Seller’s market $235 /sq ftEuclid 56722 — /sq ft Browse all markets →Towns like Erskine nearby
Find towns like Erskine in other states →Where Erskine is
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Questions about Erskine real estate
Is Erskine a buyer’s or seller’s market?
A buyer’s market: there were 20.8 months of supply in Erskine, MN 56535 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 Erskine?
The typical home went under contract in 6 days in the latest three months.
Do homes in Erskine sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.4% of the list price.
What are property taxes in Erskine?
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 Erskine?
The median sale price was $581,748 in the three months ending August 31, 2026, about $336 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