Bingham Lake, MN 56118 housing market
Data through Sep 2026 · Balanced market · leverage 45
Open on the mapMarket report (PDF)Compare
Buyer Leverage Score
45
Sep 2026
Months of Supply
3.1 months
Jul 2021
Days on Market
64 days
Sep 2026
Price Cut %
0.0%
Sep 2026
Sale-to-List Ratio
86.9%
Aug 2023
Expected Disaster Loss
$117
Dec 2025
What this means
- Supply. There are 20% more homes for sale than the 2017-19 norm and rising (+200% vs. a year ago), so buyers have more to choose from than before the pandemic.
- Negotiating. Buyer leverage is moderate (45/100; U.S.: 54): homes sell for about 13.1% below their final list price (as of Aug 2023); 0% of listings had a price cut (U.S.: 26%).
- Disaster risk. FEMA expects about $117 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
Follow Bingham Lake, MN 56118
One email a month: what changed in prices, supply and the outlook. Unsubscribe any time.
Other ZIP codes in Cottonwood County, MN
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| Windom, MN 56101 | $175.5K | −0.2% | 65 |
| Mountain Lake, MN 56159 | $156K | −2.6% | 76 |
| Westbrook, MN 56183 | $161K | +3.4% | 100 |
| Jeffers, MN 56145 | – | – | 18 |
| Storden, MN 56174 | – | – | 3 |