Is Federal Dam, MN 56641 a buyer’s or seller’s market?
Federal Dam 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 Federal Dam housing market right now
In the three months ending August 31, 2026, 0% of homes in Federal Dam, MN 56641 sold above their list price, the typical home went under contract in 51 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 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (10 days then) and the median sale price fell 13% to $376,837. Overall, Federal Dam is less competitive than a year ago, which gives buyers more room.
Within Cass County, homes here sell more slowly than in 91% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Remer 56672 (45% sold over asking) and Backus 56435 (33% sold over asking) are even more competitive.
Run the numbers for 56641
Nearby markets
Backus 56435Seller’s market $273 /sq ftBena 56626 — /sq ftCass Lake 56633Buyer’s market $105 /sq ftHackensack 56452Seller’s market $300 /sq ft Browse all markets →Where Federal Dam is
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Questions about Federal Dam real estate
Is Federal Dam a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Federal Dam, MN 56641 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 Federal Dam?
The typical home went under contract in 51 days in the latest three months.
Do homes in Federal Dam sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Federal Dam?
About 0.56% of a home’s value a year in Cass County, or roughly $2,240 on a $400,000 home.
What is the median home price in Federal Dam?
The median sale price was $376,837 in the three months ending August 31, 2026, about $212 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