Is Oklee, MN 56742 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Oklee is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Oklee housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Red Lake County, MN

Population	744
Median income	$92,500
Average income	$94,592
Median home value	$143,300
Median rent	$675/month
Owner-occupied	85% of homes
Median year built	1970

Natural hazard riskWinter storms (relatively high), hail (relatively high), wildfire (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 56742; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 56742

Prefilled for 56742Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56742Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Brooks 56715 — /sq ft Plummer 56748 — /sq ft Red Lake Falls 56750Seller’s market $105 /sq ft Browse all markets →

Where Oklee is

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Questions about Oklee real estate

What are property taxes in Oklee?

About 1.00% of a home’s value a year in Red Lake County, or roughly $4,000 on a $400,000 home.

Local agents

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More tools for 56742

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Red Lake County property taxes Red Lake County loan limits Closing costs in Minnesota Hottest ZIP codes in Minnesota

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology