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Featured local agent — Gilman, MN
Sarah Mitchell
Compass Real Estate · Gilman, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gilman, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$210,000median sale price
How is the Gilman, MN housing market right now?
The median home sale price in Gilman, MN is $210,000. Homes sell in an average of 10 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of February 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Gilman a buyer's or seller's market?
Gilman, MN is currently a balanced market and homes selling in about 10 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
10
Fast-moving
Active listings
—
Sale-to-list
95.9%
Below asking
What does the Gilman housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $210,000 |
| Average days on market | 10 days |
| Sale-to-list price ratio | 95.9% |
| Median price per sq ft | $250/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Gilman by property type?
How the Gilman, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $210,000 | $250/sq ft | 1 | 10 days |
Source: Redfin · Updated monthly
The Gilman housing market is currently classified as a balanced market with a median sale price of $210,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 10 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.9x provides context for how home values compare to local earning capacity.
Homes for sale in Gilman
Explore homes currently listed for sale in Gilman, Minnesota across major real estate platforms.
Who lives in Gilman?
Population
226
Median income
$68,750/yr
Median age
33.3 years
Owner-occupied
71.9%
College grads
13.4%
Avg commute
23.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Gilman?
Zillow home value
$265,346
Price-to-income
3.9x
Source: Zillow Research
What is it like to live in Gilman?
Gilman is a community of approximately 0K residents with a median age of 33.3 years.The median household income is $68,750, which represents a working-class community with solid middle-income opportunities. 13.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 71.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Gilman offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Gilman, MN?
Want a head-to-head view? Compare Gilman side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Gilman?
The median home sale price in Gilman is $210,000, down 0.0% from last year.
How long do homes stay on market in Gilman?
Homes typically spend 10 days on market before going under contract.
What is the median income in Gilman?
The median household income is $68,750 per year.
What is the Zillow home value estimate for Gilman?
The Zillow Home Value Index (ZHVI) for Gilman is $265,346, representing the typical home value in the area.
How much does a single-family home cost in Gilman?
The median single-family home price in Gilman, MN is $210,000 (about $250 per square foot).
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