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FORBES, MN 55738

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

Market Overview

Active Listings
1
Pending
0
0% pending ratio
Median Price
$159,900
Average Price
$159,900
Days on Market
196

Market Context

Population: 603  ·  Density: 1.9/mi²  ·  Median household income: $72,500

Typical home value: $136,486  ·  Homeownership: 95.7%

Market Analysis

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

The FORBES, MN real estate market (55738) currently shows 1 active listings. Homes are averaging 196 days on the market before going under contract.

Whether you are buying or selling in FORBES, 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

Median & Average Pricing

Year over Year

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 29.2 miles — 93 listings ($20,574,944 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55738Forbes, MN 557380.0 mi1$159,900$159,900$159,900
55734Eveleth, MN 5573410.8 mi16$2,909,216$148,067$181,826
55724Cotton, MN 5572414.9 mi4$1,178,668$295,000$294,667
55713Buhl, MN 5571315.7 mi5$1,139,165$220,000$227,833
55741Gilbert, MN 5574118.0 mi11$3,430,306$364,450$311,846
55763Makinen, MN 5576320.8 mi6$2,239,500$367,000$373,250
55753Keewatin, MN 5575321.5 mi3$292,500$97,500$97,500
55708Biwabik, MN 5570823.2 mi3$491,400$172,500$163,800
55742Goodland, MN 5574223.7 mi1$399,999$399,999$399,999
55792Virginia, MN 5579224.0 mi33$5,531,790$147,450$167,630
55710Britt, MN 5571025.8 mi2$899,000$449,500$449,500
55769Nashwauk, MN 5576928.5 mi7$1,573,600$175,000$224,800
55784Swan River, MN 5578429.2 mi1$329,900$329,900$329,900

Frequently Asked Questions

How many homes are for sale in FORBES, MN 55738?

As of January 2026, there are 1 active listings in FORBES, MN (zip code 55738).

What is the median home price in FORBES, MN 55738?

The median listing price in FORBES, MN 55738 is $159,900 as of January 2026.

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

Homes in FORBES, MN 55738 spend an average of 196 days on the market before going under contract.

Is it a seller's or buyer's market in FORBES, MN 55738?

Based on current inventory and days-on-market data as of January 2026, FORBES, MN 55738 is currently a Balanced Market.

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

With SELL123.com's maximum 3% commission, sellers in FORBES, MN 55738 save an estimated $3,198 compared to a typical 5% commission on the median listing price of $159,900. 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.