Is Bagley, MN 56621 a buyer’s or seller’s market?
Bagley is a buyer’s market. With about 6.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Bagley housing market right now
In the three months ending August 31, 2026, 33% of homes in Bagley, MN 56621 sold above their list price, the typical home went under contract in 23 days and there were 6.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold faster (44 days then) and the median sale price fell 6% to $239,896. Overall, Bagley is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Shevlin 56676 (25% sold over asking), while Gonvick 56644 (100% sold over asking) is even more competitive.
Run the numbers for 56621
Nearby markets
Clearbrook 56634Seller’s market $140 /sq ftGonvick 56644Buyer’s market $115 /sq ftLeonard 56652 — /sq ftShevlin 56676Balanced $151 /sq ft Browse all markets →Towns like Bagley nearby
Find towns like Bagley in other states →Where Bagley is
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Questions about Bagley real estate
Is Bagley a buyer’s or seller’s market?
A buyer’s market: there were 6.8 months of supply in Bagley, MN 56621 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 Bagley?
The typical home went under contract in 23 days in the latest three months.
Do homes in Bagley sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 100.4% of the list price.
What are property taxes in Bagley?
About 0.67% of a home’s value a year in Clearwater County, or roughly $2,680 on a $400,000 home.
What is the median home price in Bagley?
The median sale price was $239,896 in the three months ending August 31, 2026, about $140 per square foot.
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More tools for 56621
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology