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Featured local agent — Mayer, MN
Sarah Mitchell
Compass Real Estate · Mayer, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mayer, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$375,000median sale price
How is the Mayer, MN housing market right now?
The median home sale price in Mayer, MN is $375,000, down 3.2% year-over-year. Homes sell in an average of 15 days with 2 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Mayer a buyer's or seller's market?
Mayer, MN is currently a strong seller's market, based on 0.4 months of supply and homes selling in about 15 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
15
Fast-moving
Active listings
2
0.4 months supply
Sale-to-list
101.6%
Above asking
What does the Mayer housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $375,000 |
| Median list price | $345,000 |
| Year-over-year price change | -3.2% |
| Average days on market | 15 days |
| Active inventory | 2 listings |
| Months of supply | 0.4 months |
| Sale-to-list price ratio | 101.6% |
| Median price per sq ft | $191/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 4 |
| Listings with a price cut | 50.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Mayer by property type?
How the Mayer, 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 | $382,750 | $179/sq ft | 4 | 14 days |
| Townhouse | $368,800 | $236/sq ft | 1 | 269 days |
Source: Redfin · Updated monthly
The Mayer housing market is currently classified as a strong seller's market with a median sale price of $375,000. Prices have fallen 3.2% compared to last year, with homes spending an average of 15 days on market, indicating 0.4 months of inventory.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 3.3x provides context for how home values compare to local earning capacity.
Homes for sale in Mayer
There are currently 2 homes listed for sale in Mayer, Minnesota. The median listing price is $345K.
Active listings
2
Homes on market
Median list price
$345K
Avg. days on market
15
Days until sale
New this week
4
Newly listed
Who lives in Mayer?
Population
2,501
Median income
$120,551/yr
Median age
33.7 years
Owner-occupied
94.2%
College grads
38.2%
Avg commute
29.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Mayer?
Zillow home value
$395,325
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Mayer?
Mayer is a community of approximately 3K residents with a median age of 33.7 years.The median household income is $120,551, which reflects a relatively affluent area with strong earning potential. 38.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 94.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Mayer offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Mayer, MN?
Want a head-to-head view? Compare Mayer side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Mayer?
The median home sale price in Mayer is $375,000, down 3.2% from last year.
How long do homes stay on market in Mayer?
Homes typically spend 15 days on market before going under contract.
What is the median income in Mayer?
The median household income is $120,551 per year.
Is Mayer a buyer's or seller's market?
With 0.4 months of supply, Mayer is currently a strong seller's market.
What is the Zillow home value estimate for Mayer?
The Zillow Home Value Index (ZHVI) for Mayer is $395,325, representing the typical home value in the area.
How much does a single-family home cost in Mayer?
The median single-family home price in Mayer, MN is $382,750 (about $179 per square foot).
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