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Featured local agent — Nerstrand, MN
Sarah Mitchell
Compass Real Estate · Nerstrand, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Nerstrand, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$867,500median sale price
How is the Nerstrand, MN housing market right now?
The median home sale price in Nerstrand, MN is $867,500. Homes sell in an average of 68 days with 2 active listings. The market is currently a balanced 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 Nerstrand a buyer's or seller's market?
Nerstrand, MN is currently a balanced market, based on 2.0 months of supply and homes selling in about 68 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
68
Average pace
Active listings
2
2.0 months supply
Sale-to-list
99.1%
Below asking
What does the Nerstrand housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $867,500 |
| Median list price | $279,900 |
| Average days on market | 68 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $239/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Listings with a price cut | 50.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Nerstrand by property type?
How the Nerstrand, 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 | $867,500 | $239/sq ft | 1 | 68 days |
Source: Redfin · Updated monthly
The Nerstrand housing market is currently classified as a balanced market with a median sale price of $867,500. Prices have fallen 0.0% compared to last year, with homes spending an average of 68 days on market, indicating 2.0 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 5.2x provides context for how home values compare to local earning capacity.
Homes for sale in Nerstrand
There are currently 2 homes listed for sale in Nerstrand, Minnesota. The median listing price is $280K.
Active listings
2
Homes on market
Median list price
$280K
Avg. days on market
68
Days until sale
New this week
2
Newly listed
Who lives in Nerstrand?
Population
210
Median income
$83,125/yr
Median age
40 years
Owner-occupied
94.7%
College grads
15.9%
Avg commute
20.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Nerstrand?
Zillow home value
$431,273
Price-to-income
5.2x
Source: Zillow Research
What is it like to live in Nerstrand?
Nerstrand is a community of approximately 0K residents with a median age of 40 years.The median household income is $83,125, which reflects a relatively affluent area with strong earning potential. 15.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 94.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Nerstrand offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Nerstrand?
1 schools tracked · 98 students
The largest public schools serving Nerstrand, 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.
NERSTRAND CHARTER SCHOOL
Grades K-5 · 98 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 Nerstrand, MN?
Want a head-to-head view? Compare Nerstrand side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Nerstrand?
The median home sale price in Nerstrand is $867,500, down 0.0% from last year.
How long do homes stay on market in Nerstrand?
Homes typically spend 68 days on market before going under contract.
What is the median income in Nerstrand?
The median household income is $83,125 per year.
Is Nerstrand a buyer's or seller's market?
With 2.0 months of supply, Nerstrand is currently a balanced market.
What is the Zillow home value estimate for Nerstrand?
The Zillow Home Value Index (ZHVI) for Nerstrand is $431,273, representing the typical home value in the area.
How much does a single-family home cost in Nerstrand?
The median single-family home price in Nerstrand, MN is $867,500 (about $239 per square foot).
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