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BOVEY, MN 55709

Real Estate Market Report  ·  Itasca County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The BOVEY, MN real estate market (55709) currently shows 14 active listings, with 5 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 58 days on market compared to 26 days last year.

The median listing price has risen 7.8% year-over-year, from $417,500 to $450,000.

Whether you are buying or selling in BOVEY, 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: 4,414  ·  Density: 7.6/mi²  ·  Median household income: $68,860

Typical home value: $191,561  ·  Homeownership: 91.3%

Market Overview

Active Listings
14
⇧ 27.3% vs 11 last year
Pending
5
36% pending ratio
Median Price
$450,000
⇧ 7.8% vs $417,500 last year
Average Price
$601,628
⇧ 7.9% vs $557,800 last year
Days on Market
58
⇧ 123.1% vs 26 days last year

Price Per Square Foot

Median $/sqft
$193
⇩ 7.2% vs $208/sqft last year
Median Home Size
3,132 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 14 this year vs 11 last year
  • Days on market: 58 now vs 26 last year

Median & Average Pricing

Year over Year
  • Median: $450,000 (+7.8% YoY)
  • Average: $601,628 (+7.9% 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 35.2 miles — 109 listings ($41,106,703 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55709Bovey, MN 557090.0 mi14$12,797,722$393,749$914,123
55722Coleraine, MN 557228.8 mi2$319,800$159,900$159,900
55775Pengilly, MN 5577512.2 mi5$2,875,000$549,999$575,000
55753Keewatin, MN 5575314.1 mi3$291,000$97,000$97,000
55721Cohasset, MN 5572119.3 mi5$2,006,520$359,900$401,304
55746Hibbing, MN 5574620.1 mi41$8,641,242$159,900$210,762
56628Bigfork, MN 5662821.2 mi7$2,148,860$245,000$306,980
55781Side Lake, MN 5578123.8 mi1$799,000$799,000$799,000
55719Chisholm, MN 5571926.5 mi17$2,501,244$134,500$147,132
55748Hill City, MN 5574830.2 mi5$5,064,440$512,200$1,012,888
56680Spring Lake, MN 5668031.8 mi1$294,000$294,000$294,000
55768Mountain Iron, MN 5576833.9 mi3$802,500$275,500$267,500
56639Effie, MN 5663935.2 mi5$2,565,375$238,700$513,075

Frequently Asked Questions

How many homes are for sale in BOVEY, MN 55709?

As of March 2026, there are 14 active listings in BOVEY, MN (zip code 55709), compared to 11 the prior year.

What is the median home price in BOVEY, MN 55709?

The median listing price in BOVEY, MN 55709 is $450,000 as of March 2026, a 7.8% increase from $417,500 the prior year.

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

Homes in BOVEY, MN 55709 spend an average of 58 days on the market before going under contract, compared to 26 days the prior year.

Is it a seller's or buyer's market in BOVEY, MN 55709?

Based on current inventory and days-on-market data as of March 2026, BOVEY, MN 55709 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 58 days on market compared to 26 days last year.

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

With SELL123.com's maximum 3% commission, sellers in BOVEY, MN 55709 save an estimated $9,000 compared to a typical 5% commission on the median listing price of $450,000. 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.