Is Crookston, MN 56716 a buyer’s or seller’s market?
Crookston is a balanced market. With about 4.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 26% of U.S. ZIP codes, and #278 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 Crookston housing market right now
In the three months ending August 31, 2026, 14% of homes in Crookston, MN 56716 sold above their list price, the typical home went under contract in 55 days and there were 4.1 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 23 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 7%, homes sold faster (79 days then) and the median sale price fell 23% to $172,375. Overall, Crookston is more competitive than a year ago, so tougher for buyers.
Within Polk County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 60%. On our competition score, Crookston ranks #278 of 296 MN ZIP codes with enough sales (score 30 out of 100).
Nearby, buyers who want less competition could look at Fisher 56723 (0% sold over asking) or Gully 56646 (0% sold over asking), while Climax 56523 (100% sold over asking) and Mentor 56736 (33% sold over asking) are even more competitive.
Run the numbers for 56716
Nearby markets
Climax 56523 $84 /sq ftEast Grand Forks 56721Seller’s market $235 /sq ftErskine 56535Buyer’s market $336 /sq ftEuclid 56722 — /sq ft Browse all markets →Towns like Crookston nearby
Find towns like Crookston in other states →Where Crookston is
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Questions about Crookston real estate
Is Crookston a buyer’s or seller’s market?
A balanced market: there were 4.1 months of supply in Crookston, MN 56716 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 Crookston?
The typical home went under contract in 55 days in the latest three months.
Do homes in Crookston sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in Crookston?
About 1.01% of a home’s value a year in Polk County, or roughly $4,040 on a $400,000 home.
What is the median home price in Crookston?
The median sale price was $172,375 in the three months ending August 31, 2026, about $110 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