Is Roosevelt, MN 56673 a buyer’s or seller’s market?
Roosevelt 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 Roosevelt housing market right now
In the three months ending August 31, 2026, 0% of homes in Roosevelt, MN 56673 sold above their list price, the typical home went under contract in 171 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 4 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 faster (718 days then) and the median sale price fell 58% to $134,942. Overall, Roosevelt is more competitive than a year ago, so tougher for buyers.
Nearby, Angle Inlet 56711 (50% sold over asking) and Williams 56686 (33% sold over asking) are even more competitive.
Run the numbers for 56673
Nearby markets
Angle Inlet 56711Buyer’s market $388 /sq ftBaudette 56623Buyer’s market $160 /sq ftWilliams 56686Buyer’s market $246 /sq ft Browse all markets →Where Roosevelt is
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Questions about Roosevelt real estate
Is Roosevelt a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Roosevelt, MN 56673 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 Roosevelt?
The typical home went under contract in 171 days in the latest three months.
Do homes in Roosevelt sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.6% of the list price.
What are property taxes in Roosevelt?
About 0.66% of a home’s value a year in Lake of the Woods County, or roughly $2,640 on a $400,000 home.
What is the median home price in Roosevelt?
The median sale price was $134,942 in the three months ending August 31, 2026, about $105 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