$20,000
109 Atlantic Ave
Atwater, MN
0 ba
Land10,890 sqft lot
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Atwater, MN Housing Market
Strong seller's market+3.0% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Atwater, MN is worth $286,217, rose 3.0% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $350,500, +57.7% year over year (through May 2026). With 1.5 months of supply and homes going under contract in about 15 days, Atwater is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $286,217 home is about $1,528/mo in principal and interest.
Key numbers for Atwater, MN
Typical home value
$286,217
+3.0% in 12 months
Zillow, August 2026
Median sale price
$350,500
+57.7% year over year
Redfin, through May 2026
Days on market
15
Fast-moving
Redfin, through May 2026
Active listings
3
1.5 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$66,071
Home costs 4.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.8%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Atwater a buyer's or seller's market?
Strong seller's market1.5 months of supply15 days on market100.8% of asking
Atwater, MN is a strong seller's market, based on 1.5 months of supply and homes selling in about 15 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Atwater housing market data show?
Every row below is Redfin's final published month for Atwater, MN. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $350,500 |
| Median list price | $169,888 |
| Year-over-year price change | +57.7% |
| Median price per sq ft | $215/sq ft |
| Median days on market | 15 days |
| Active inventory | 3 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 100.8% |
| Homes sold (that month) | 2 |
| New listings (that month) | 1 |
| Listings with a price cut | 33.3% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Atwater is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Atwater is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Atwater home prices moved?
Over the last three years the median sale price in Atwater, MN rose 52.6%, from $229,700 to $350,500. The live Zillow value series has rose 3.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. 33.3% of Atwater listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 1.5 months while the sale-to-list ratio slips below its current 100.8%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Atwater?
Priced off the typical home value of $286,217 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $57,243 | $228,974 | $1,528/mo |
| 5% | $14,311 | $271,906 | $1,814/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,528, that implies roughly $65,485 a year before you add taxes and insurance. The median household in Atwater earns $66,071, about $586 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.3x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Atwater in the next 12 months?
Tell us your timeline. We send the Atwater market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Atwater?
Zillow does not publish a rent index (ZORI) for Atwater, MN, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Atwater?
Active listings in Atwater, MN went from 2 in August 2024 to 3 in May 2026, a +50.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| October 2024 | 1 | not published |
| May 2025 | 1 | 2 |
| June 2025 | 2 | 1 |
| September 2025 | 4 | 2 |
| October 2025 | 5 | 4 |
| November 2025 | 5 | 3 |
| December 2025 | 5 | 2 |
| January 2026 | 6 | 2 |
| February 2026 | 4 | 1 |
| March 2026 | 2 | 1 |
| April 2026 | 3 | 2 |
| May 2026 | 3 | 1 |
Redfin, through May 2026
How does Atwater compare to Minnesota and the U.S.?
Atwater homes sell for $350,500 — 6% below the Minnesota median of $372,300. Against the national median of $410,700, Atwater runs 15% lower. Year-over-year, Atwater moved +57.7% against Minnesota's +1.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Atwater, MN | $350,500 | +57.7% | 15 days |
| Minnesota statewide | $372,300 | +1.3% | 25 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Atwater
What buyers should watch
- Months of supply, currently 1.5. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 33.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $286 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $286,217 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Atwater listing goes under contract in 15 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.8% of asking. Price at the number you want and let competition do the rest.
- In the last published month Atwater added 1 new listings against 2 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +3.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Atwater varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Atwater
There are currently 3 homes listed for sale in Atwater, Minnesota. The median listing price is $170K. Featured listings range from $20,000 to $1,150,000.
$90,000
6567 159th St NE
Atwater, MN
0 ba
Land30,013 sqft lot
View photos & details
$92,500
305 Main St S
Atwater, MN
4 bd2 ba1,811 sqft$51/ft²
House10,498 sqft lot
View photos & details
$175,000
14974 49th Ave NE
Atwater, MN
0 ba
Land4.90 acres
View photos & details
$210,000
212 E Road Rd S
Atwater, MN
3 bd2 ba1,276 sqft$165/ft²
House10,498 sqft lot
View photos & details
$235,000
4635 Diamond Ln
Atwater, MN
2 bd1 ba939 sqft$250/ft²
House23,958 sqft lot
View photos & details
$277,700
410 2nd St N
Atwater, MN
3 bd2 ba1,895 sqft$147/ft²
House22,651 sqft lot
View photos & details
$299,000
407 4th St N
Atwater, MN
5 bd3 ba5,244 sqft$57/ft²
House1.06 acres
View photos & details
$304,900
4645 Diamond Ln
Atwater, MN
3 bd1 ba912 sqft$334/ft²
House23,827 sqft lot
View photos & details
$390,000
County Road 4 Ne
Atwater, MN
0 ba
Land1.67 acres
View photos & details
$399,900
14811 Breezy Point Rd
Atwater, MN
2 bd1 ba720 sqft$555/ft²
House9,409 sqft lot
View photos & details
$1,150,000
6551 164th St SE
Atwater, MN
5 bd4 ba4,672 sqft$246/ft²
House10.00 acres
View photos & details
Looking to buy in Atwater?
Get connected with a local real estate expert — free, no obligation.
Active listings
3
Homes on market
Median list price
$170K
Avg. days on market
15
Days until sale
New this week
1
Newly listed
Price drops:33.3%of listings
Sale-to-list:100.8%
How much do homes cost in Atwater by property type?
How the Atwater, MN market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $350,500 | $215/sq ft | 2 | 15 days |
Who lives in Atwater?
American Community Survey estimates for Atwater. U.S. Census ACS, 2023
Population
1,217
Households
434
Median income
$66,071/yr
Median age
31.7 years
Owner-occupied
79.5%
Median home value
$144,300
Median gross rent
$736/mo
Mean commute
24 min
79.5% of occupied homes in Atwater are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $144,300 against Zillow's $286,217 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Atwater?
1 schools tracked · 361 students
The largest public schools serving Atwater, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
A.C.G.C. ELEMENTARY
Grades PK-4 · 361 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Atwater, MN?
Ordered by distance from Atwater, not by size. Compare Atwater side by side with any of them.
Atwater housing market FAQ
Is Atwater a buyer's or seller's market?
Atwater, MN is currently a strong seller's market. That read comes from 1.5 months of supply, homes going under contract in about 15 days, and sellers getting 100.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Atwater?
The typical home in Atwater, MN is worth $286,217 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $350,500, about $215 per square foot.
Is Atwater cheaper than the rest of Minnesota?
Atwater's median sale price of $350,500 is 6% lower than the Minnesota statewide median of $372,300, and 15% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Atwater?
Homes in Atwater, MN spent a median of 15 days on market before going under contract, versus 25 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Atwater?
At the current 30-year fixed rate of 7.03%, 20% down on a $286,217 home is about $1,528 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $65,485 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $66,071.
Are home prices rising in Atwater?
The typical home value in Atwater, MN rose 3.0% over the last 12 months, from $277,918 to $286,217 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Atwater?
Atwater ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Atwater?
That depends on your timeline, not on a headline. What the data says today: Atwater, MN is a strong seller's market with 1.5 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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