Is Mentor, MN 56736 a buyer’s or seller’s market?

The Mentor housing market right now

In the three months ending August 31, 2026, 33% of homes in Mentor, MN 56736 sold above their list price, the typical home went under contract in 70 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 6 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 (135 days then) and the median sale price rose 35% to $642,222. Overall, Mentor is more competitive than a year ago, so tougher for buyers.

Within Polk County, homes here sell more slowly than in 70% of the county’s ZIP codes, and sell more often over asking than in 90%.

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) is even more competitive.