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MAKINEN, MN 55763

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

Market Overview

Active Listings
6
⇧ 20% vs 5 last year
Pending
1
17% pending ratio
Median Price
$367,000
⇩ 48.9% vs $718,603 last year
Average Price
$373,250
⇩ 39.2% vs $614,192 last year
Days on Market
155
⇩ 40.2% vs 259 days last year

Market Context

Population: 464  ·  Density: 1.1/mi²  ·  Median household income: $73,750

Typical home value: $158,125  ·  Homeownership: 88.3%

Market Analysis

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

The MAKINEN, MN real estate market (55763) currently shows 6 active listings, with 1 pending sales. Homes are averaging 155 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 155 days on market compared to 259 days last year.

The median listing price has fallen 48.9% year-over-year, from $718,603 to $367,000.

Whether you are buying or selling in MAKINEN, 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
  • Listings: 6 this year vs 5 last year
  • Days on market: 155 now vs 259 last year

Median & Average Pricing

Year over Year
  • Median: $367,000 (-48.9% YoY)
  • Average: $373,250 (-39.2% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 33.4 miles — 110 listings ($24,136,704 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55763Makinen, MN 557630.0 mi6$2,239,500$367,000$373,250
55741Gilbert, MN 5574111.7 mi11$3,430,306$364,450$311,846
55734Eveleth, MN 5573413.2 mi16$2,909,216$148,067$181,826
55708Biwabik, MN 5570815.3 mi3$491,400$172,500$163,800
55738Forbes, MN 5573820.8 mi1$159,900$159,900$159,900
55751Iron, MN 5575121.3 mi2$993,266$496,633$496,633
55792Virginia, MN 5579222.2 mi33$5,531,790$147,450$167,630
55768Mountain Iron, MN 5576824.5 mi3$856,500$285,500$285,500
55706Babbitt, MN 5570626.8 mi12$2,495,868$148,000$207,989
55765Meadowlands, MN 5576529.3 mi2$734,800$367,400$367,400
55710Britt, MN 5571030.9 mi2$899,000$449,500$449,500
55702Alborn, MN 5570231.9 mi1$250,000$250,000$250,000
55719Chisholm, MN 5571933.4 mi18$3,145,158$139,900$174,731

Frequently Asked Questions

How many homes are for sale in MAKINEN, MN 55763?

As of January 2026, there are 6 active listings in MAKINEN, MN (zip code 55763), compared to 5 the prior year.

What is the median home price in MAKINEN, MN 55763?

The median listing price in MAKINEN, MN 55763 is $367,000 as of January 2026, a 48.9% decrease from $718,603 the prior year.

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

Homes in MAKINEN, MN 55763 spend an average of 155 days on the market before going under contract, compared to 259 days the prior year.

Is it a seller's or buyer's market in MAKINEN, MN 55763?

Based on current inventory and days-on-market data as of January 2026, MAKINEN, MN 55763 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 155 days on market compared to 259 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MAKINEN, MN 55763 save an estimated $7,340 compared to a typical 5% commission on the median listing price of $367,000. 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.