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TOWER, MN 55790

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

Market Analysis

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

The TOWER, MN real estate market (55790) currently shows 32 active listings, with 4 pending sales. Homes are averaging 142 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 142 days on market compared to 128 days last year.

The median listing price has risen 1.3% year-over-year, from $499,000 to $505,250.

Whether you are buying or selling in TOWER, 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: 1,871  ·  Density: 5.0/mi²  ·  Median household income: $77,969

Typical home value: $300,765  ·  Homeownership: 87.5%

Market Overview

Active Listings
32
⇧ 10.3% vs 29 last year
Pending
4
13% pending ratio
Median Price
$505,250
⇧ 1.3% vs $499,000 last year
Average Price
$614,255
⇧ 26% vs $487,674 last year
Days on Market
142
⇧ 10.9% vs 128 days last year

Price Per Square Foot

Median $/sqft
$441
⇧ 10.8% vs $398/sqft last year
Median Home Size
1,472 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 32 this year vs 29 last year
  • Days on market: 142 now vs 128 last year

Median & Average Pricing

Year over Year
  • Median: $505,250 (+1.3% YoY)
  • Average: $614,255 (+26% 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 42.4 miles — 152 listings ($69,304,324 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55790Tower, MN 557900.0 mi29$17,791,442$499,000$613,498
55732Embarrass, MN 5573212.6 mi2$893,900$446,950$446,950
55710Britt, MN 5571019.5 mi2$875,000$437,500$437,500
55708Biwabik, MN 5570820.3 mi4$519,768$125,475$129,942
55723Cook, MN 5572322.8 mi21$27,768,909$669,250$1,322,329
55705Aurora, MN 5570525.7 mi17$3,330,113$181,950$195,889
55750Hoyt Lakes, MN 5575027.1 mi7$1,968,547$168,050$281,221
55713Buhl, MN 5571329.7 mi4$911,332$220,000$227,833
55734Eveleth, MN 5573431.3 mi17$3,018,197$149,500$177,541
55751Iron, MN 5575133.1 mi4$1,899,600$474,900$474,900
55763Makinen, MN 5576335.1 mi3$1,186,374$448,000$395,458
55738Forbes, MN 5573840.6 mi1$499,900$499,900$499,900
55746Hibbing, MN 5574642.4 mi41$8,641,242$159,900$210,762

Frequently Asked Questions

How many homes are for sale in TOWER, MN 55790?

As of March 2026, there are 32 active listings in TOWER, MN (zip code 55790), compared to 29 the prior year.

What is the median home price in TOWER, MN 55790?

The median listing price in TOWER, MN 55790 is $505,250 as of March 2026, a 1.3% increase from $499,000 the prior year.

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

Homes in TOWER, MN 55790 spend an average of 142 days on the market before going under contract, compared to 128 days the prior year.

Is it a seller's or buyer's market in TOWER, MN 55790?

Based on current inventory and days-on-market data as of March 2026, TOWER, MN 55790 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 142 days on market compared to 128 days last year.

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

With SELL123.com's maximum 3% commission, sellers in TOWER, MN 55790 save an estimated $10,105 compared to a typical 5% commission on the median listing price of $505,250. 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.