Is International Falls, MN 56649 a buyer’s or seller’s market?
International Falls is a balanced market. With about 5.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 16% of U.S. ZIP codes, and #288 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The International Falls housing market right now
In the three months ending August 31, 2026, 16% of homes in International Falls, MN 56649 sold above their list price, the typical home went under contract in 54 days and there were 5.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 26 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 12%, homes sold more slowly (43 days then) and the median sale price fell 21% to $149,935. Overall, International Falls is about as competitive as it was a year ago.
Within Koochiching County, homes here sell more often over asking than in any other ZIP code in the county. On our competition score, International Falls ranks #288 of 296 MN ZIP codes with enough sales (score 22 out of 100).
Nearby, buyers who want less competition could look at Kabetogama 56669 (0% sold over asking) or Northome 56661 (0% sold over asking).
Run the numbers for 56649
Nearby markets
Big Falls 56627 — /sq ftKabetogama 56669Buyer’s market $180 /sq ftLittlefork 56653Buyer’s market $119 /sq ftLoman 56654Seller’s market $212 /sq ft Browse all markets →Towns like International Falls nearby
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Questions about International Falls real estate
Is International Falls a buyer’s or seller’s market?
A balanced market: there were 5.8 months of supply in International Falls, MN 56649 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 International Falls?
The typical home went under contract in 54 days in the latest three months.
Do homes in International Falls sell over asking?
16% of homes sold above their original list price, and the typical sale closed at 93.7% of the list price.
What are property taxes in International Falls?
About 0.74% of a home’s value a year in Koochiching County, or roughly $2,960 on a $400,000 home.
What is the median home price in International Falls?
The median sale price was $149,935 in the three months ending August 31, 2026, about $103 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