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BABBITT, MN 55706

Real Estate Market Report  ·  Saint Louis County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The BABBITT, MN real estate market (55706) currently shows 15 active listings, with 7 pending sales. Homes are averaging 74 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 74 days on market compared to 88 days last year.

The median listing price has risen 20.5% year-over-year, from $124,200 to $149,625.

Whether you are buying or selling in BABBITT, 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: 1,716  ·  Density: 4.9/mi²  ·  Median household income: $56,250

Typical home value: $94,797  ·  Homeownership: 85.5%

Market Overview

Active Listings
15
⇧ 7.1% vs 14 last year
Pending
7
47% pending ratio
Median Price
$149,625
⇧ 20.5% vs $124,200 last year
Average Price
$202,028
⇧ 18.4% vs $170,593 last year
Days on Market
74
⇩ 15.9% vs 88 days last year

Price Per Square Foot

Median $/sqft
$101
⇧ 1% vs $100/sqft last year
Median Home Size
1,556 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 15 this year vs 14 last year
  • Days on market: 74 now vs 88 last year

Median & Average Pricing

Year over Year
  • Median: $149,625 (+20.5% YoY)
  • Average: $202,028 (+18.4% 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 43.0 miles — 135 listings ($42,870,105 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55706Babbitt, MN 557060.0 mi14$2,656,052$145,125$189,718
55732Embarrass, MN 5573212.5 mi2$893,900$446,950$446,950
55705Aurora, MN 5570519.7 mi17$3,330,113$181,950$195,889
55708Biwabik, MN 5570820.8 mi4$519,768$125,475$129,942
55731Ely, MN 5573123.7 mi36$20,956,104$375,500$582,114
55741Gilbert, MN 5574125.2 mi12$3,581,796$357,225$298,483
55763Makinen, MN 5576326.9 mi3$1,186,374$448,000$395,458
55734Eveleth, MN 5573432.4 mi17$3,018,197$149,500$177,541
55710Britt, MN 5571034.6 mi2$875,000$437,500$437,500
55603Finland, MN 5560336.5 mi4$1,511,200$309,000$377,800
55703Angora, MN 5570338.8 mi3$929,025$309,675$309,675
55713Buhl, MN 5571340.1 mi4$911,332$220,000$227,833
55719Chisholm, MN 5571943.0 mi17$2,501,244$134,500$147,132

Frequently Asked Questions

How many homes are for sale in BABBITT, MN 55706?

As of April 2026, there are 15 active listings in BABBITT, MN (zip code 55706), compared to 14 the prior year.

What is the median home price in BABBITT, MN 55706?

The median listing price in BABBITT, MN 55706 is $149,625 as of April 2026, a 20.5% increase from $124,200 the prior year.

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

Homes in BABBITT, MN 55706 spend an average of 74 days on the market before going under contract, compared to 88 days the prior year.

Is it a seller's or buyer's market in BABBITT, MN 55706?

Based on current inventory and days-on-market data as of April 2026, BABBITT, MN 55706 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 74 days on market compared to 88 days last year.

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

With SELL123.com's maximum 3% commission, sellers in BABBITT, MN 55706 save an estimated $2,993 compared to a typical 5% commission on the median listing price of $149,625. 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.