Is Halstad, MN 56548 a buyer’s or seller’s market?
Halstad 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 Halstad housing market right now
In the three months ending August 31, 2026, 0% of homes in Halstad, MN 56548 sold above their list price, the typical home went under contract in 68 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 fell from 33%, homes sold faster (110 days then) and the median sale price rose 34% to $178,423. Overall, Halstad is less competitive than a year ago, which gives buyers more room.
Within Norman County, homes here sell faster than in 60% 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 56548
Nearby markets
Ada 56510Seller’s market $82 /sq ftBorup 56519Seller’s market $132 /sq ftGary 56545Buyer’s market $140 /sq ftHendrum 56550Buyer’s market $52 /sq ft Browse all markets →Where Halstad is
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Questions about Halstad real estate
Is Halstad a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Halstad, MN 56548 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 Halstad?
The typical home went under contract in 68 days in the latest three months.
Do homes in Halstad sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.2% of the list price.
What are property taxes in Halstad?
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 Halstad?
The median sale price was $178,423 in the three months ending August 31, 2026, about $109 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