Is Deer River, MN 56636 a buyer’s or seller’s market?

The Deer River housing market right now

In the three months ending August 31, 2026, 38% of homes in Deer River, MN 56636 sold above their list price, the typical home went under contract in 26 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 35 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 26%, homes sold faster (35 days then) and the median sale price rose 17% to $315,863. Overall, Deer River is more competitive than a year ago, so tougher for buyers.

Within Itasca County, homes here sell faster than in 94% of the county’s ZIP codes, and sell more often over asking than in 82%. On our competition score, Deer River ranks #134 of 296 MN ZIP codes with enough sales (score 70 out of 100).

Nearby, buyers who want less competition could look at Wirt 56688 (0% sold over asking) or Marcell 56657 (0% sold over asking), while Effie 56639 (100% sold over asking) and Warba 55793 (60% sold over asking) are even more competitive.