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BOVEY, MN 55709

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

Market Analysis

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

The BOVEY, MN real estate market (55709) currently shows 14 active listings, with 4 pending sales. Homes are averaging 90 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 90 days on market compared to 61 days last year.

The median listing price has risen 72.2% year-over-year, from $228,675 to $393,749.

Whether you are buying or selling in BOVEY, 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: 4,414  ·  Density: 7.6/mi²  ·  Median household income: $68,860

Typical home value: $191,561  ·  Homeownership: 91.3%

Market Overview

Active Listings
14
⇧ 75% vs 8 last year
Pending
4
29% pending ratio
Median Price
$393,749
⇧ 72.2% vs $228,675 last year
Average Price
$914,123
⇧ 149.5% vs $366,408 last year
Days on Market
90
⇧ 47.5% vs 61 days last year

Price Per Square Foot

Median $/sqft
$203
⇧ 19.4% vs $170/sqft last year
Median Home Size
2,967 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 14 this year vs 8 last year
  • Days on market: 90 now vs 61 last year

Median & Average Pricing

Year over Year
  • Median: $393,749 (+72.2% YoY)
  • Average: $914,123 (+149.5% 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 35.2 miles — 125 listings ($48,835,600 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55709Bovey, MN 557090.0 mi9$7,411,050$295,000$823,450
55716Calumet, MN 557167.9 mi1$178,450$178,450$178,450
55769Nashwauk, MN 5576910.5 mi7$1,573,600$175,000$224,800
55744Grand Rapids, MN 5574413.4 mi50$21,678,650$393,000$433,573
56657Marcell, MN 5665716.0 mi1$599,000$599,000$599,000
55742Goodland, MN 5574219.6 mi1$399,999$399,999$399,999
55793Warba, MN 5579320.4 mi1$324,900$324,900$324,900
56636Deer River, MN 5663622.7 mi21$6,950,643$225,000$330,983
55719Chisholm, MN 5571926.5 mi18$3,145,158$139,900$174,731
55748Hill City, MN 5574830.2 mi7$2,858,275$304,450$408,325
56680Spring Lake, MN 5668031.8 mi1$294,000$294,000$294,000
55768Mountain Iron, MN 5576833.9 mi3$856,500$285,500$285,500
56639Effie, MN 5663935.2 mi5$2,565,375$238,700$513,075

Frequently Asked Questions

How many homes are for sale in BOVEY, MN 55709?

As of February 2026, there are 14 active listings in BOVEY, MN (zip code 55709), compared to 8 the prior year.

What is the median home price in BOVEY, MN 55709?

The median listing price in BOVEY, MN 55709 is $393,749 as of February 2026, a 72.2% increase from $228,675 the prior year.

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

Homes in BOVEY, MN 55709 spend an average of 90 days on the market before going under contract, compared to 61 days the prior year.

Is it a seller's or buyer's market in BOVEY, MN 55709?

Based on current inventory and days-on-market data as of February 2026, BOVEY, MN 55709 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 90 days on market compared to 61 days last year.

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

With SELL123.com's maximum 3% commission, sellers in BOVEY, MN 55709 save an estimated $7,875 compared to a typical 5% commission on the median listing price of $393,749. 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.