Is Ulen, MN 56585 a buyer’s or seller’s market?
Ulen is a seller’s market. With about 2.1 months of supply and 33% 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.
The Ulen housing market right now
In the three months ending August 31, 2026, 33% of homes in Ulen, MN 56585 sold above their list price, the typical home went under contract in 10 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 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 50%, homes sold faster (31 days then) and the median sale price fell 44% to $219,905. Overall, Ulen is less competitive than a year ago, which gives buyers more room.
Within Clay County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 67%.
Nearby, buyers who want less competition could look at Glyndon 56547 (0% sold over asking) or Dilworth 56529 (15% sold over asking).
Run the numbers for 56585
Nearby markets
Barnesville 56514Seller’s market $145 /sq ftDilworth 56529Seller’s market $166 /sq ftFelton 56536 — /sq ftGeorgetown 56546 — /sq ft Browse all markets →Towns like Ulen nearby
Find towns like Ulen in other states →Where Ulen is
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Questions about Ulen real estate
Is Ulen a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Ulen, MN 56585 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 Ulen?
The typical home went under contract in 10 days in the latest three months.
Do homes in Ulen sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 95.1% of the list price.
What are property taxes in Ulen?
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 Ulen?
The median sale price was $219,905 in the three months ending August 31, 2026, about $125 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