$65,000
108 N West St
Ceylon, MN
3 bd1 ba1,350 sqft$48/ft²
House13,460 sqft lot
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Compass Real Estate · Ceylon, MN
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Ceylon, MN(512) 555-0184TX License #0512847
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Ceylon, MN Housing Market
Balanced market+3.2% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through January 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Ceylon, MN is worth $163,056, rose 3.2% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $42,000 (through May 2026). With 2.0 months of supply and homes going under contract in about 38 days, Ceylon is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $163,056 home is about $870/mo in principal and interest.
Key numbers for Ceylon, MN
Typical home value
$163,056
+3.2% in 12 months
Zillow, August 2026
Median sale price
$42,000
Last published period
Redfin, through January 2026
Days on market
38
Average pace
Redfin, through January 2026
Active listings
2
2.0 months of supply
Redfin, through January 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$32,206
Home costs 5.1x income
U.S. Census ACS, 2023
Sale-to-list ratio
84.2%
Selling below asking
Redfin, through January 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 Ceylon a buyer's or seller's market?
Balanced market2.0 months of supply38 days on market84.2% of asking
Ceylon, MN is a balanced market, based on 2.0 months of supply and homes selling in about 38 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Ceylon housing market data show?
Every row below is Redfin's final published month for Ceylon, MN. Redfin, through January 2026
| Metric | Value |
|---|---|
| Median sale price | $42,000 |
| Median list price | $65,000 |
| Median price per sq ft | $27/sq ft |
| Median days on market | 38 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 84.2% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Balanced 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 Ceylon is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Ceylon 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 Ceylon home prices moved?
Across the 12 months we hold for Ceylon, MN, the median sale price fell 43.1%, from $73,750 in May 2021 to $42,000. The live Zillow value series has rose 3.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 2.0 months while the sale-to-list ratio slips below its current 84.2%. Watch those two together — they move before the median does.
Redfin, through January 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Ceylon?
Priced off the typical home value of $163,056 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% | $32,611 | $130,445 | $870/mo |
| 5% | $8,153 | $154,903 | $1,034/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 $870, that implies roughly $37,306 a year before you add taxes and insurance. The median household in Ceylon earns $32,206, about $5,100 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.1x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Ceylon in the next 12 months?
Tell us your timeline. We send the Ceylon 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 Ceylon?
Zillow does not publish a rent index (ZORI) for Ceylon, 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 Ceylon?
Active listings in Ceylon, MN went from 1 in May 2021 to 2 in January 2026, a +100.0% 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 |
|---|---|---|
| May 2021 | 1 | 1 |
| September 2021 | 7 | 7 |
| November 2021 | 5 | not published |
| February 2022 | 1 | 1 |
| October 2023 | 1 | not published |
| June 2024 | 1 | not published |
| January 2026 | 2 | 1 |
Redfin, through January 2026
How does Ceylon compare to Minnesota and the U.S.?
Ceylon homes sell for $42,000 — 89% below the Minnesota median of $372,300. Against the national median of $410,700, Ceylon runs 90% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Ceylon, MN | $42,000 | not published | 38 days |
| Minnesota statewide | $372,300 | +1.3% | 25 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through January 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Ceylon
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $163 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 $163,056 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 Ceylon listing goes under contract in 38 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 84.2% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Ceylon added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +3.2% 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 Ceylon varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Ceylon
There are currently 2 homes listed for sale in Ceylon, Minnesota. The median listing price is $65K. Featured listings range from $65,000 to $1,666,667.
$185,000
411 Center St S
Ceylon, MN
3 bd5 ba2,564 sqft$72/ft²
House11,326 sqft lot
View photos & details
$275,000
1734 40th St
Ceylon, MN
3 bd2 ba1,848 sqft$149/ft²
Mobile home40.03 acres
View photos & details
$1,666,667
104 110th Ave
Ceylon, MN
0 ba
Land139.29 acres
View photos & details
Looking to buy in Ceylon?
Get connected with a local real estate expert — free, no obligation.
Active listings
2
Homes on market
Median list price
$65K
Avg. days on market
38
Days until sale
New this week
1
Newly listed
Sale-to-list:84.2%
How much do homes cost in Ceylon by property type?
How the Ceylon, MN market breaks down across single-family homes, condos and townhouses. Redfin, through January 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $42,000 | $27/sq ft | 1 | 38 days |
Who lives in Ceylon?
American Community Survey estimates for Ceylon. U.S. Census ACS, 2023
Population
255
Households
140
Median income
$32,206/yr
Median age
39.2 years
Owner-occupied
82.9%
Median home value
$36,800
Median gross rent
$579/mo
Mean commute
24.1 min
82.9% of occupied homes in Ceylon 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 $36,800 against Zillow's $163,056 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Ceylon, MN?
Ordered by distance from Ceylon, not by size. Compare Ceylon side by side with any of them.
Ceylon housing market FAQ
Is Ceylon a buyer's or seller's market?
Ceylon, MN is currently a balanced market. That read comes from 2.0 months of supply, homes going under contract in about 38 days, and sellers getting 84.2% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Ceylon?
The typical home in Ceylon, MN is worth $163,056 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $42,000, about $27 per square foot.
Is Ceylon cheaper than the rest of Minnesota?
Ceylon's median sale price of $42,000 is 89% lower than the Minnesota statewide median of $372,300, and 90% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Ceylon?
Homes in Ceylon, MN spent a median of 38 days on market before going under contract, versus 25 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Ceylon?
At the current 30-year fixed rate of 7.03%, 20% down on a $163,056 home is about $870 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $37,306 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $32,206.
Are home prices rising in Ceylon?
The typical home value in Ceylon, MN rose 3.2% over the last 12 months, from $157,950 to $163,056 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Ceylon?
Ceylon 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 Ceylon?
That depends on your timeline, not on a headline. What the data says today: Ceylon, MN is a balanced market with 2.0 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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