Norwood Young America, MN 55368

That's the average rate borrowers locked on October 22, 2026, from Optimal Blue's index of actual rate locks. On the median-priced home here, $493,000 with 10% down, it comes to $3,027 a month in principal and interest.

The typical home here costs about the same each month as it did a year ago.

A year ago the median list price was about $549,000 and the 30-year rate was 6.17%: $3,017 a month with 10% down. Now it's $493,000 at 7.25%: $3,027.

Put the other way, last year's $3,017 a month buys about a $491,000 home at the latest rate.

Only 2 homes were for sale in 55368 in September, too few for steady figures, so these are for Carver County, MN.

On a typical day in September, 412 homes were for sale: 4.2% more than in August and 33% more than a year ago. During the month 186 new listings came on, and on a typical day 194 homes were under contract.

Homes spent a median of 41 days on the market, 8 days shorter than a year ago. Sellers cut the price on 20% of listings, up 4 points from a year ago. The median list price was $493,000, or $212 a square foot: down 1.4% from August and down 10% from a year ago.

Balanced market. Judged on 47 homes under contract for every 100 for sale, 41 days on the market and price cuts on 20% of listings.

• Hamburg, MN 553393 for sale, median $475,000
• Cologne, MN 5532221 for sale, median $436,000
• Young America, MN 553979 for sale, median $315,000
• Green Isle, MN 553385 for sale, median $242,000