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BABBITT, MN 55706

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The BABBITT, MN real estate market (55706) currently shows 18 active listings, with 4 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 63 days on market compared to 42 days last year.

The median listing price has fallen 20.8% year-over-year, from $201,500 to $159,675.

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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
18
⇩ 21.7% vs 23 last year
Pending
4
22% pending ratio
Median Price
$159,675
⇩ 20.8% vs $201,500 last year
Average Price
$270,727
⇩ 0.8% vs $272,917 last year
Days on Market
63
⇧ 50% vs 42 days last year

Price Per Square Foot

Median $/sqft
$149
⇧ 3.5% vs $144/sqft last year
Median Home Size
1,308 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 18 this year vs 23 last year
  • Days on market: 63 now vs 42 last year

Median & Average Pricing

Year over Year
  • Median: $159,675 (-20.8% YoY)
  • Average: $270,727 (-0.8% 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 September 2026, there are 18 active listings in BABBITT, MN (zip code 55706), compared to 23 the prior year.

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

The median listing price in BABBITT, MN 55706 is $159,675 as of September 2026, a 20.8% decrease from $201,500 the prior year.

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

Homes in BABBITT, MN 55706 spend an average of 63 days on the market before going under contract, compared to 42 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 September 2026, BABBITT, MN 55706 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 63 days on market compared to 42 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 $3,194 compared to a typical 5% commission on the median listing price of $159,675. 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.