Is Moorhead, MN 56560 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Moorhead is a seller’s market. With about 3.1 months of supply and 24% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score57/ 100

More competitive than 58% of U.S. ZIP codes, and #215 of 296 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply3.1Under 4 months = seller’s market
Sold above original list24.2%Share of sales, last 3 months
Median sale-to-list99.1%Sold price ÷ list price
Median days on market34Listing to accepted offer
Median price per sq ft$155▲ +3.2% vs. last year

The Moorhead housing market right now

In the three months ending August 31, 2026, 24% of homes in Moorhead, MN 56560 sold above their list price, the typical home went under contract in 34 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 187 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (25% then), homes sold more slowly (29 days then) and the median sale price rose 7% to $295,372. Overall, Moorhead is about as competitive as it was a year ago.

Within Clay County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 67%. On our competition score, Moorhead ranks #215 of 296 MN ZIP codes with enough sales (score 57 out of 100).

Nearby, buyers who want less competition could look at Glyndon 56547 (0% sold over asking) or Dilworth 56529 (15% sold over asking), while Barnesville 56514 (35% sold over asking) and Sabin 56580 (33% sold over asking) are even more competitive.

Nearby markets

Barnesville 56514Seller’s market $145 /sq ftDilworth 56529Seller’s market $166 /sq ftFelton 56536 — /sq ftGeorgetown 56546 — /sq ft Browse all markets →

Where Moorhead is

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Questions about Moorhead real estate

Is Moorhead a buyer’s or seller’s market?

A seller’s market: there were 3.1 months of supply in Moorhead, MN 56560 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 Moorhead?

The typical home went under contract in 34 days in the latest three months.

Do homes in Moorhead sell over asking?

24% of homes sold above their original list price, and the typical sale closed at 99.1% of the list price.

What are property taxes in Moorhead?

About 1.13% of a home’s value a year in Clay County, or roughly $4,520 on a $400,000 home.

What is the median home price in Moorhead?

The median sale price was $295,372 in the three months ending August 31, 2026, about $155 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