Is Stephen, MN 56757 a buyer’s or seller’s market?
Stephen is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Stephen housing market right now
In the three months ending August 31, 2026, 0% of homes in Stephen, MN 56757 sold above their list price, the typical home went under contract in 43 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 1 sale, 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 (11 days then) and the median sale price fell 38% to $94,959. Overall, Stephen is less competitive than a year ago, which gives buyers more room.
Within Marshall County, homes here sell faster than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Run the numbers for 56757
Nearby markets
Alvarado 56710Seller’s market $103 /sq ftArgyle 56713Buyer’s market $88 /sq ftMiddle River 56737 — /sq ftNewfolden 56738 — /sq ft Browse all markets →Where Stephen is
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Questions about Stephen real estate
Is Stephen a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Stephen, MN 56757 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 Stephen?
The typical home went under contract in 43 days in the latest three months.
Do homes in Stephen sell over asking?
0% of homes sold above their original list price.
What are property taxes in Stephen?
About 0.80% of a home’s value a year in Marshall County, or roughly $3,200 on a $400,000 home.
What is the median home price in Stephen?
The median sale price was $94,959 in the three months ending August 31, 2026, about $101 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