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Featured local agent — Shafer, MN
Sarah Mitchell
Compass Real Estate · Shafer, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Shafer, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$310,000median sale price
How is the Shafer, MN housing market right now?
The median home sale price in Shafer, MN is $310,000, up 8.8% year-over-year. Homes sell in an average of 4 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Shafer a buyer's or seller's market?
Shafer, MN is currently a balanced market and homes selling in about 4 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
4
Fast-moving
Active listings
—
Sale-to-list
100.0%
Above asking
What does the Shafer housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $310,000 |
| Year-over-year price change | +8.8% |
| Average days on market | 4 days |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $130/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Shafer by property type?
How the Shafer, 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 | $310,000 | $130/sq ft | 1 | 4 days |
| Townhouse | $299,425 | $185/sq ft | 1 | 42 days |
Source: Redfin · Updated monthly
The Shafer housing market is currently classified as a balanced market with a median sale price of $310,000. Prices have risen 8.8% compared to last year, with homes spending an average of 4 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 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Shafer
Explore homes currently listed for sale in Shafer, Minnesota across major real estate platforms.
Who lives in Shafer?
Population
1,151
Median income
$96,042/yr
Median age
35.5 years
Owner-occupied
81.9%
College grads
16.0%
Avg commute
38.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Shafer?
Zillow home value
$359,100
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Shafer?
Shafer is a community of approximately 1K residents with a median age of 35.5 years.The median household income is $96,042, which reflects a relatively affluent area with strong earning potential. 16.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 81.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 38.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Shafer offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Shafer, MN?
Want a head-to-head view? Compare Shafer side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Shafer?
The median home sale price in Shafer is $310,000, up 8.8% from last year.
How long do homes stay on market in Shafer?
Homes typically spend 4 days on market before going under contract.
What is the median income in Shafer?
The median household income is $96,042 per year.
What is the Zillow home value estimate for Shafer?
The Zillow Home Value Index (ZHVI) for Shafer is $359,100, representing the typical home value in the area.
How much does a single-family home cost in Shafer?
The median single-family home price in Shafer, MN is $310,000 (about $130 per square foot).
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