Nielsville, MN 56568 housing market
Data through Jan 2026 · Seller's market · leverage 34
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Buyer Leverage Score
34
Apr 2023
Months of Supply
3.1 months
May 2021
Days on Market
63 days
Apr 2023
Price Cut %
0.0%
Apr 2023
Sale-to-List Ratio
108.7%
Sep 2023
Expected Disaster Loss
$241
Dec 2025
What this means
- Supply. There are 0% more homes for sale than the 2017-19 norm and falling (−50% vs. a year ago), so buyers have more to choose from than before the pandemic.
- Negotiating. Buyer leverage is low (34/100; U.S.: 54) (as of Apr 2023): homes typically sell at or above asking (108.7% of list) (as of Sep 2023); 0% of listings had a price cut (U.S.: 26%) (as of Apr 2023).
- Disaster risk. FEMA expects about $241 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding. Flood isn't covered by standard homeowners insurance.
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Other ZIP codes in Polk County, MN
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| East Grand Forks, MN 56721 | $296.3K | +6.4% | 11 |
| Crookston, MN 56716 | $189.4K | +4.1% | 36 |
| Fosston, MN 56542 | $226.7K | +6.7% | 48 |
| Warren, MN 56762 | $191.7K | +3.2% | 10 |
| Fertile, MN 56540 | $245.2K | +6.4% | 9 |
| McIntosh, MN 56556 | $217.7K | +6.9% | 52 |
| Erskine, MN 56535 | $309.6K | +9.4% | 100 |
| Fisher, MN 56723 | $283.1K | +6.0% | 30 |
| Mentor, MN 56736 | $341.3K | +7.9% | 65 |
| Winger, MN 56592 | $201.1K | +9.6% | 43 |
| Climax, MN 56523 | $206.2K | +6.1% | 22 |
| Euclid, MN 56722 | $266.1K | +2.9% | 13 |
| Trail, MN 56684 | $292.9K | +5.1% | 59 |
| Gully, MN 56646 | $304.2K | +8.4% | 57 |
| Beltrami, MN 56517 | – | – | 0 |