Call or Text (240) SELL-123

FORBES, MN 55738

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

Market Analysis

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

The FORBES, MN real estate market (55738) currently shows 1 active listings. Homes are averaging 22 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 22 days on market compared to 15 days last year.

The median listing price has risen 149.3% year-over-year, from $200,500 to $499,900.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for FORBES, MN 55738 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

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

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

Market Overview

Active Listings
1
vs 1 last year
Pending
0
0% pending ratio
Median Price
$499,900
⇧ 149.3% vs $200,500 last year
Average Price
$499,900
⇧ 149.3% vs $200,500 last year
Days on Market
22
⇧ 46.7% vs 15 days last year

Price Per Square Foot

Median $/sqft
$182
⇧ 6.4% vs $171/sqft last year
Median Home Size
2,741 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 22 now vs 15 last year

Median & Average Pricing

Year over Year
  • Median: $499,900 (+149.3% YoY)
  • Average: $499,900 (+149.3% 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 32.2 miles — 112 listings ($36,356,155 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55738Forbes, MN 557380.0 mi1$499,900$499,900$499,900
55734Eveleth, MN 5573410.8 mi17$3,018,197$149,500$177,541
55724Cotton, MN 5572414.9 mi4$1,653,000$413,250$413,250
55713Buhl, MN 5571315.7 mi4$911,332$220,000$227,833
55741Gilbert, MN 5574118.0 mi12$3,581,796$357,225$298,483
55702Alborn, MN 5570220.9 mi1$250,000$250,000$250,000
55719Chisholm, MN 5571921.5 mi17$2,501,244$134,500$147,132
55705Aurora, MN 5570523.5 mi17$3,330,113$181,950$195,889
55775Pengilly, MN 5577523.8 mi5$2,875,000$549,999$575,000
55736Floodwood, MN 5573624.0 mi2$682,500$341,250$341,250
55779Saginaw, MN 5577926.9 mi5$2,093,105$358,725$418,621
55716Calumet, MN 5571628.6 mi3$438,600$146,200$146,200
55803Duluth, MN 5580332.2 mi24$14,521,368$595,000$605,057

Frequently Asked Questions

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

As of March 2026, there are 1 active listings in FORBES, MN (zip code 55738), compared to 1 the prior year.

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

The median listing price in FORBES, MN 55738 is $499,900 as of March 2026, a 149.3% increase from $200,500 the prior year.

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

Homes in FORBES, MN 55738 spend an average of 22 days on the market before going under contract, compared to 15 days the prior year.

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

Based on current inventory and days-on-market data as of March 2026, FORBES, MN 55738 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 22 days on market compared to 15 days last year.

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 $9,998 compared to a typical 5% commission on the median listing price of $499,900. 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.