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Lorraine Motel Sign Resited 2016 by Chris Larson, Franconia Sculpture Park, MNPhoto: Lorie Shaull · CC BY 2.0
Housing in Shafer

15 homes sold in Shafer in the last year, at a typical $296K

Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, and a shortcut to every site where Shafer homes are listed.

Homes sold
15
May 2025 to April 2026
Typical sale price
$296K
median, weighted by sales
Price per square foot
$159
Minnesota $190
Paid vs. asking
100.5%
47% sold over asking
What sold · last 12 months

Houses are 100% of Shafer’s sales, at a typical $296K

15 homes sold in the year to April 2026.

Houses$296K

typical sale · 15 sold in 12 months

Per square foot
$159MN $190
Days to sell
26
Sold over asking
47%
Listings with a price cut
44%
9 years of sales

Fewer homes sell than before 2021, at 1.7 times the 2016 price

15 sales in the last year, against 38 in 2020 and a low of 18 in 2024. The typical sale went from $174K in 2016 to $296K.

Homes soldTypical sale price
012253750$100K$200K$300K$400K2012: 30 sold, typical $103K’122014: 19 sold, typical $154K2015: 27 sold, typical $154K’152016: 26 sold, typical $174K2017: 28 sold, typical $172K’172019: 29 sold, typical $205K2020: 38 sold, typical $222K’202021: 28 sold, typical $243K2024: 18 sold, typical $290K’24Last 12 months: 15 sold, typical $296KNow

Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.

What your budget buys

What $300K buys in Shafer

Houseat $159 a sq ft
The same money in Minnesotaat $190 a sq ft

Is this asking price fair?

Check a listing against what Shafer homes sold for

Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.

Rent or buy?

Owning the typical Shafer home costs about $1,846 a month

Mortgage
Property tax
Insurance
Rent

Price: Shafer’s typical sale, last 12 months. Property tax at Shafer’s 1.2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Shafer is affordable on local pay is on Cost of living.

Before you buy in Shafer

Five things worth knowing

1.2%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $296K home, about $3,620 a year.

Taxes vs. neighbors
A−

Schools

The schools grade for Shafer, from test results, graduation and how much students grow.

Schools in Shafer
40 min

Typical commute

The average one-way trip to work for people who live in Shafer.

Work & commute
Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Selling, or renting out?

Post your home to Shafer, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to Shafer. People who follow the town see it, and so do people comparing Shafer with their own town. No commission, no listing fee.

Questions about buying a home in Shafer

What do homes sell for in Shafer, MN?

15 homes sold in the year to April 2026 at a typical $296K, $159 a square foot.

How much are property taxes in Shafer?

About 1.2% of a home’s value a year. On a $296K home that’s near $3,620.

Where can I see homes for sale in Shafer?

Zillow, Redfin, Realtor.com and Homes.com all carry Shafer’s MLS listings; the search links above open each one filtered to Shafer.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).