Is Talmoon, MN 56637 a buyer’s or seller’s market?
Talmoon is a seller’s market. With about 3.2 months of supply and 0% 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 Talmoon housing market right now
In the three months ending August 31, 2026, 0% of homes in Talmoon, MN 56637 sold above their list price, the typical home went under contract in 127 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, 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 more slowly (89 days then) and the median sale price rose 52% to $349,849. Overall, Talmoon is less competitive than a year ago, which gives buyers more room.
Within Itasca County, homes here sell more slowly than in 94% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Effie 56639 (100% sold over asking) and Warba 55793 (60% sold over asking) are even more competitive.
Run the numbers for 56637
Nearby markets
Bigfork 56628Balanced $189 /sq ftBovey 55709Seller’s market $168 /sq ftCalumet 55716Seller’s market $130 /sq ftCohasset 55721Seller’s market $221 /sq ft Browse all markets →Where Talmoon is
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Questions about Talmoon real estate
Is Talmoon a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Talmoon, MN 56637 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 Talmoon?
The typical home went under contract in 127 days in the latest three months.
Do homes in Talmoon sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 92.3% of the list price.
What are property taxes in Talmoon?
About 0.86% of a home’s value a year in Itasca County, or roughly $3,440 on a $400,000 home.
What is the median home price in Talmoon?
The median sale price was $349,849 in the three months ending August 31, 2026, about $182 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