Is Ottertail, MN 56571 a buyer’s or seller’s market?

The Ottertail housing market right now

In the three months ending August 31, 2026, 9% of homes in Ottertail, MN 56571 sold above their list price, the typical home went under contract in 28 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 23 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 11%, homes sold faster (47 days then) and the median sale price rose 61% to $429,764. Overall, Ottertail is more competitive than a year ago, so tougher for buyers.

Within Otter Tail County, homes here sell faster than in 78% of the county’s ZIP codes, and sell less often over asking than in 61%. On our competition score, Ottertail ranks #262 of 296 MN ZIP codes with enough sales (score 38 out of 100).

Nearby, buyers who want less competition could look at Vergas 56587 (0% sold over asking) or Erhard 56534 (0% sold over asking), while Deer Creek 56527 (50% sold over asking) and New York Mills 56567 (38% sold over asking) are even more competitive.