Winona and St. Peter Freight Depot · Photo: Jatakuck · CC BY-SA 3.029 homes sold in Sleepy Eye in the last year, at a typical $181K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Sleepy Eye homes are listed.
Every place Sleepy Eye homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Sleepy Eye.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 97% of Sleepy Eye’s sales, at a typical $182K
29 homes sold in the year to May 2026.
typical sale · 28 sold in 12 months
- Per square foot
- $110MN $191
- Days to sell
- 26
- Sold over asking
- 54%
- Listings with a price cut
- 32%
Multi-family (2–4 units): 1 sold, typical $59K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at twice the 2016 price
29 sales in the last year, against 60 in 2013 and a low of 34 in 2024. The typical sale went from $87K in 2016 to $181K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $200K buys in Sleepy Eye
Check a listing against what Sleepy Eye 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.
Bidding wars in Sleepy Eye are more common than before the pandemic, but two thirds fewer homes come up for sale
We read every month of Sleepy Eye’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 29 sales.
If you’re buying in Sleepy Eye
- Shop in April. It brings about 5 new listings a month, close to the busiest month, with fewer bidding wars (14% over asking).
- You can negotiate. 33% of listings have cut their price, against 6% before the pandemic.
- Bid near asking. Buyers paid 98.1% of the list price on average; 52% paid over.
- Move fast on good ones. Two thirds of homes are under contract within two weeks.
Spring brings the homes; summer brings the bidding wars
April has the most new listings (about 5 a month), but August is the most competitive: 30% of August sales close over asking. January has the least competition (10%) but only about 2 new listings.
Averages for each calendar month, 2015 on.
Hotter than in 2021, and hotter than Minnesota
| Sleepy Eye now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 52% | 11% | 21% | 33% |
| Gone within two weeksShare of homes under contract within 14 days | 68% | 2% | 2% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | 33% | 6% | 10% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 98.1% | 95.7% | 98.1% | 99.2% |
| Days to sellMedian days from listing to contract | 24 | 108 | 72 | 35 |
6 homes for sale on a typical day
That’s 1.3 times the 2024 low (4), 64% fewer than in 2017–19 and well under 2013’s 29.
1 in 3 listings has cut its price
33% in the last year, against 6% in 2017–19 and 28% across Minnesota. More sellers are pricing high and coming down.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Sleepy Eye home costs about $1,093 a month
Price: Sleepy Eye’s typical sale, last 12 months. Property tax at Sleepy Eye’s 1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Sleepy Eye is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in April
The month with the most choice. January has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $181K home, about $1,780 a year.
Taxes vs. neighborsSchools
The schools grade for Sleepy Eye, from test results, graduation and how much students grow.
Schools in Sleepy EyeTypical commute
The average one-way trip to work for people who live in Sleepy Eye.
Work & commuteCheck 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 hazardsLook 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.
Springfield sells for less a square foot
The busier markets within 25 miles of Sleepy Eye, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| New Ulm | 144 | $248K | $132 | 33% | 28 |
| Sleepy Eye | 29 | $181K | $108 | 52% | 24 |
| Springfield | 21 | $154K | $95 | 14% | 75 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Sleepy Eye, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Sleepy Eye. People who follow the town see it, and so do people comparing Sleepy Eye with their own town. No commission, no listing fee.
Questions about buying a home in Sleepy Eye
What do homes sell for in Sleepy Eye, MN?
29 homes sold in the year to May 2026 at a typical $181K, $108 a square foot.
Is Sleepy Eye a buyer’s or seller’s market?
A balanced market: 10 homes were for sale in May 2026 and 2 sold, about 5 months of supply. Buyers paid 98.1% of asking on average, and 33% of listings cut their price.
When is the best time to buy in Sleepy Eye?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Sleepy Eye?
About 1% of a home’s value a year. On a $181K home that’s near $1,780.
Where can I see homes for sale in Sleepy Eye?
Zillow, Redfin, Realtor.com and Homes.com all carry Sleepy Eye’s MLS listings; the search links above open each one filtered to Sleepy Eye.
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).