Is Babbitt, MN 55706 a buyer’s or seller’s market?
Babbitt is a seller’s market. With about 3.7 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply3.7Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list97.3%Sold price ÷ list price
Median days on market66Listing to accepted offer
Median price per sq ft$91▼ −14.0% vs. last year
Run the numbers for 55706
Nearby markets
Alborn 55702 — /sq ftAngora 55703Buyer’s market $121 /sq ftAurora 55705Balanced $129 /sq ftBiwabik 55708Seller’s market $204 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology