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KNIFE RIVER, MN 55609

Real Estate Market Report  ·  Lake County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The KNIFE RIVER, MN real estate market (55609) currently shows 1 active listings, with 1 pending sales. Homes are averaging 32 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 32 days on market compared to 6 days last year.

The median listing price has fallen 71.4% year-over-year, from $799,900 to $229,000.

Whether you are buying or selling in KNIFE RIVER, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 135  ·  Density: 20.9/mi²  ·  Median household income: $73,958

Typical home value: $0  ·  Homeownership: 100.0%

Market Overview

Active Listings
1
⇩ 50% vs 2 last year
Pending
1
100% pending ratio
Median Price
$229,000
⇩ 71.4% vs $799,900 last year
Average Price
$229,000
⇩ 71.4% vs $799,900 last year
Days on Market
32
⇧ 433.3% vs 6 days last year

Price Per Square Foot

Median $/sqft
$184
⇩ 21.7% vs $235/sqft last year
Median Home Size
1,245 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 1 this year vs 2 last year
  • Days on market: 32 now vs 6 last year

Median & Average Pricing

Year over Year
  • Median: $229,000 (-71.4% YoY)
  • Average: $229,000 (-71.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 32.7 miles — 126 listings ($68,430,927 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55804Duluth, MN 558047.1 mi23$20,464,135$649,900$889,745
55812Duluth, MN 5581217.2 mi14$7,037,100$449,450$502,650
55802Duluth, MN 5580220.2 mi6$5,238,678$881,225$873,113
55806Duluth, MN 5580621.1 mi9$2,146,050$238,450$238,450
54854Maple, WI 5485423.0 mi1$185,000$185,000$185,000
54865Port Wing, WI 5486524.5 mi3$1,726,566$475,000$575,522
55602Brimson, MN 5560226.1 mi4$1,151,700$291,175$287,925
55601Beaver Bay, MN 5560127.2 mi4$1,350,000$337,500$337,500
55808Duluth, MN 5580829.1 mi11$4,247,793$258,200$386,163
54820Brule, WI 5482030.0 mi2$1,774,800$887,400$887,400
55724Cotton, MN 5572431.3 mi4$1,653,000$413,250$413,250
55733Esko, MN 5573332.4 mi25$10,444,725$425,000$417,789
54847Iron River, WI 5484732.7 mi20$11,011,380$419,750$550,569

Frequently Asked Questions

How many homes are for sale in KNIFE RIVER, MN 55609?

As of March 2026, there are 1 active listings in KNIFE RIVER, MN (zip code 55609), compared to 2 the prior year.

What is the median home price in KNIFE RIVER, MN 55609?

The median listing price in KNIFE RIVER, MN 55609 is $229,000 as of March 2026, a 71.4% decrease from $799,900 the prior year.

How long do homes stay on the market in KNIFE RIVER, MN?

Homes in KNIFE RIVER, MN 55609 spend an average of 32 days on the market before going under contract, compared to 6 days the prior year.

Is it a seller's or buyer's market in KNIFE RIVER, MN 55609?

Based on current inventory and days-on-market data as of March 2026, KNIFE RIVER, MN 55609 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 32 days on market compared to 6 days last year.

How much can I save on real estate commission in KNIFE RIVER, MN?

With SELL123.com's maximum 3% commission, sellers in KNIFE RIVER, MN 55609 save an estimated $4,580 compared to a typical 5% commission on the median listing price of $229,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.