Is Williams, MN 56686 a buyer’s or seller’s market?
Williams is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Williams housing market right now
In the three months ending August 31, 2026, 33% of homes in Williams, MN 56686 sold above their list price, the typical home went under contract in 59 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (192 days then) and the median sale price fell 29% to $154,173. Overall, Williams is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Roosevelt 56673 (0% sold over asking) or Baudette 56623 (0% sold over asking), while Angle Inlet 56711 (50% sold over asking) is even more competitive.
Run the numbers for 56686
Nearby markets
Angle Inlet 56711Buyer’s market $388 /sq ftBaudette 56623Buyer’s market $160 /sq ftRoosevelt 56673Seller’s market $105 /sq ft Browse all markets →Where Williams is
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Questions about Williams real estate
Is Williams a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Williams, MN 56686 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 Williams?
The typical home went under contract in 59 days in the latest three months.
Do homes in Williams sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 101.9% of the list price.
What are property taxes in Williams?
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 Williams?
The median sale price was $154,173 in the three months ending August 31, 2026, about $246 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