Is Kent, MN 56553 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Kent 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 list0%Share of sales, last 3 months

Median sale-to-list88.3%Sold price ÷ list price

Median days on market75Listing to accepted offer

Median price per sq ft$60

The Kent housing market right now

In the three months ending August 31, 2026, 0% of homes in Kent, MN 56553 sold above their list price and the typical home went under contract in 75 days. With only 1 sale, these figures can swing a lot from month to month.

Nearby, Breckenridge 56520 (15% sold over asking) is even more competitive.

About the area

Wilkin County, MN

Population	261
Median income	$66,994
Average income	$87,469
Median home value	$119,200
Owner-occupied	99% of homes
Median year built	1954

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

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 56553; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 56553

Prefilled for 56553Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56553Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Breckenridge 56520Balanced $125 /sq ft Foxhome 56543 — /sq ft Rothsay 56579Balanced $119 /sq ft Wolverton 56594Buyer’s market $181 /sq ft Browse all markets →

Where Kent is

Loading map…

Questions about Kent real estate

How fast do homes sell in Kent?

The typical home went under contract in 75 days in the latest three months.

Do homes in Kent sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 88.3% of the list price.

What are property taxes in Kent?

About 0.79% of a home’s value a year in Wilkin County, or roughly $3,160 on a $400,000 home.

What is the median home price in Kent?

The median sale price was $74,968 in the three months ending August 31, 2026, about $60 per square foot.

Local agents

See all agents in 56553 →

No sponsored agents in 56553 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 56553

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 Wilkin County property taxes Wilkin County loan limits Closing costs in Minnesota Hottest ZIP codes in Minnesota

Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

JavaScript (recommended) iframe only

<div class="offerbacked-widget" data-widget="zip" data-zip="56553"><a href="https://offerbacked.com/market/56553">Kent, MN 56553 housing market data from OfferBacked</a></div>
<script async src="https://offerbacked.com/widget.js"></script>

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview Dark version

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