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Featured local agent — Sleepy Eye, MN
Sarah Mitchell
Compass Real Estate · Sleepy Eye, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Sleepy Eye, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$187,450median sale price
How is the Sleepy Eye, MN housing market right now?
The median home sale price in Sleepy Eye, MN is $187,450, up 1.3% year-over-year. Homes sell in an average of 20 days with 10 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 Sleepy Eye a buyer's or seller's market?
Sleepy Eye, MN is currently a balanced market, based on 5.0 months of supply and homes selling in about 20 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
20
Fast-moving
Active listings
10
5.0 months supply
Sale-to-list
102.0%
Above asking
What does the Sleepy Eye housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $187,450 |
| Median list price | $188,450 |
| Year-over-year price change | +1.3% |
| Average days on market | 20 days |
| Active inventory | 10 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 102.0% |
| Median price per sq ft | $102/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 4 |
| Listings with a price cut | 30.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Sleepy Eye by property type?
How the Sleepy Eye, 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 | $187,450 | $102/sq ft | 2 | 20 days |
Source: Redfin · Updated monthly
The Sleepy Eye housing market is currently classified as a balanced market with a median sale price of $187,450. Prices have risen 1.3% compared to last year, with homes spending an average of 20 days on market, indicating 5.0 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 2.7x provides context for how home values compare to local earning capacity.
Homes for sale in Sleepy Eye
There are currently 10 homes listed for sale in Sleepy Eye, Minnesota. The median listing price is $188K.
Active listings
10
Homes on market
Median list price
$188K
Avg. days on market
20
Days until sale
New this week
4
Newly listed
Who lives in Sleepy Eye?
Population
3,438
Median income
$64,811/yr
Median age
41.7 years
Owner-occupied
82.7%
College grads
21.0%
Avg commute
15.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Sleepy Eye?
Zillow home value
$177,523
Price-to-income
2.7x
Source: Zillow Research
What is it like to live in Sleepy Eye?
Sleepy Eye is a community of approximately 3K residents with a median age of 41.7 years.The median household income is $64,811, which represents a working-class community with solid middle-income opportunities. 21.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 82.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 15.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Sleepy Eye offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Sleepy Eye?
2 schools tracked · 596 students
The largest public schools serving Sleepy Eye, 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.
SLEEPY EYE ELEMENTARY
Grades PK-6 · 349 students
SLEEPY EYE SEC.
Grades 7-12 · 247 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 Sleepy Eye, MN?
Want a head-to-head view? Compare Sleepy Eye side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Sleepy Eye?
The median home sale price in Sleepy Eye is $187,450, up 1.3% from last year.
How long do homes stay on market in Sleepy Eye?
Homes typically spend 20 days on market before going under contract.
What is the median income in Sleepy Eye?
The median household income is $64,811 per year.
Is Sleepy Eye a buyer's or seller's market?
With 5.0 months of supply, Sleepy Eye is currently a balanced market.
What is the Zillow home value estimate for Sleepy Eye?
The Zillow Home Value Index (ZHVI) for Sleepy Eye is $177,523, representing the typical home value in the area.
How much does a single-family home cost in Sleepy Eye?
The median single-family home price in Sleepy Eye, MN is $187,450 (about $102 per square foot).
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