Babbitt, MN Home Values & Market Trends
Real estate market trends reflect that there have been 53 transactions over the past year in Babbitt. The median value for residential home transactions that occurred over the previous year is $147,000. The number of current listings in Babbitt is 53, and the percentage of properties for sale in the city is 53.00%. Babbitt, MN currently has 1 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 53 properties for sale.
Babbitt, MN Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 55706 | $ 147,000 $ 147/sqft |
Housing Market Summary for Babbitt, MN
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $141K | $152.9K | 8.44% |
| Median Sold Price | $141.4K | $135.1K | -4.46% |
| Homes For Sale | 36 | 51 | 41.67% |
| Homes Sold | 22 | 21 | -4.55% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Babbitt, MN
Browse Homes in Babbitt, MN
Babbitt home values range from $52,535 to $599,159. The median estimated value of a home in Babbitt is $147,000. The median list price of a home is 152,900, and the total count of properties in the city is 77.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Babbitt, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Babbitt, MN; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Babbitt, MN ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Babbitt, MN. There is 1 zips within Babbitt, MN; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions55706 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Babbitt, MN. Auction homes and other auction properties account for 1.30% of all properties in Babbitt, MN. There is 1 zips within Babbitt, MN; of that zips, the median estimated home value for homes going to auction ranges from $178,429 in 55706 to the lowest value of $178,429 in 55706.
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More Real Estate Resources for Babbitt, MN
Guide for Babbitt, MN
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
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