Is Karlstad, MN 56732 a buyer’s or seller’s market?
Karlstad is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Karlstad housing market right now
In the three months ending August 31, 2026, 0% of homes in Karlstad, MN 56732 sold above their list price, the typical home went under contract in 101 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 (58 days then) and the median sale price rose 41% to $229,901. Overall, Karlstad is less competitive than a year ago, which gives buyers more room.
Run the numbers for 56732
Nearby markets
Hallock 56728Seller’s market $96 /sq ftKennedy 56733 — /sq ftLake Bronson 56734Seller’s market $114 /sq ftLancaster 56735 $32 /sq ft Browse all markets →Where Karlstad is
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Questions about Karlstad real estate
Is Karlstad a buyer’s or seller’s market?
A buyer’s market: there were 8 months of supply in Karlstad, MN 56732 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 Karlstad?
The typical home went under contract in 101 days in the latest three months.
Do homes in Karlstad sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.2% of the list price.
What are property taxes in Karlstad?
About 0.92% of a home’s value a year in Kittson County, or roughly $3,680 on a $400,000 home.
What is the median home price in Karlstad?
The median sale price was $229,901 in the three months ending August 31, 2026, about $132 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