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TOFTE, MN 55615

Real Estate Market Report  ·  Cook County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
8
⇧ 166.7% vs 3 last year
Pending
1
13% pending ratio
Median Price
$391,500
⇩ 7.2% vs $422,000 last year
Average Price
$385,850
⇩ 8.6% vs $422,000 last year
Days on Market
40
⇩ 69% vs 129 days last year

Market Context

Population: 339  ·  Density: 0.7/mi²  ·  Median household income: $62,778

Typical home value: $272,115  ·  Homeownership: 70.3%

Market Analysis

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

The TOFTE, MN real estate market (55615) currently shows 8 active listings, with 1 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 40 days on market compared to 129 days last year.

The median listing price has fallen 7.2% year-over-year, from $422,000 to $391,500.

Whether you are buying or selling in TOFTE, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 8 this year vs 3 last year
  • Days on market: 40 now vs 129 last year

Median & Average Pricing

Year over Year
  • Median: $391,500 (-7.2% YoY)
  • Average: $385,850 (-8.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 85.1 miles — 184 listings ($74,266,632 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55615Tofte, MN 556150.0 mi8$3,086,800$391,500$385,850
55603Finland, MN 5560320.3 mi4$1,508,400$342,000$377,100
55607Isabella, MN 5560730.5 mi2$374,000$187,000$187,000
55601Beaver Bay, MN 5560142.1 mi3$1,012,500$337,500$337,500
55731Ely, MN 5573143.7 mi44$23,783,012$359,000$540,523
55616Two Harbors, MN 5561650.5 mi44$11,610,764$234,900$263,881
55602Brimson, MN 5560256.2 mi4$1,139,252$284,950$284,813
54814Bayfield, WI 5481461.5 mi9$6,947,469$749,900$771,941
54844Herbster, WI 5484468.2 mi3$2,030,901$315,000$676,967
54891Washburn, WI 5489172.6 mi10$5,038,440$399,000$503,844
55803Duluth, MN 5580374.7 mi22$8,940,514$312,450$406,387
54806Ashland, WI 5480682.8 mi30$8,609,580$262,000$286,986
54854Maple, WI 5485485.1 mi1$185,000$185,000$185,000

Frequently Asked Questions

How many homes are for sale in TOFTE, MN 55615?

As of January 2026, there are 8 active listings in TOFTE, MN (zip code 55615), compared to 3 the prior year.

What is the median home price in TOFTE, MN 55615?

The median listing price in TOFTE, MN 55615 is $391,500 as of January 2026, a 7.2% decrease from $422,000 the prior year.

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

Homes in TOFTE, MN 55615 spend an average of 40 days on the market before going under contract, compared to 129 days the prior year.

Is it a seller's or buyer's market in TOFTE, MN 55615?

Based on current inventory and days-on-market data as of January 2026, TOFTE, MN 55615 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are selling faster, averaging 40 days on market compared to 129 days last year.

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

With SELL123.com's maximum 3% commission, sellers in TOFTE, MN 55615 save an estimated $7,830 compared to a typical 5% commission on the median listing price of $391,500. 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.