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Short Sale Listings in Biwabik, MN 55708

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Biwabik, MN Foreclosures

Current Market Conditions in in Biwabik, MN As of February 2026?
In the past month, Biwabik's real estate market has seen a steady increase in home prices, with many properties receiving multiple offers due to limited inventory. The market remains competitive, particularly for family-sized homes, showing that the demand is consistently high in this charming community. As we move into the colder months, it is anticipated that interest will remain, led by new buyers looking for winter vacation homes.
How much do homes sell for in Biwabik, MN?
The average home price is currently $181,141.
In Biwabik, MN, how many homes are available?
There are currently 1 active home listings available in Biwabik.
What’s the average rental cost in Biwabik, MN?
The average rental price in Biwabik is $959.
What is the most expensive home in Biwabik?
The most expensive home sold in Biwabik had a price of $1,482,005.
What is currently the cheapest priced home in Biwabik, MN?
The cheapest home for sale in Biwabik is priced at $11,186.

Living in Biwabik, MN

Biwabik, Minnesota is a charming small town known for its rich mining history and friendly community atmosphere. Residents enjoy a mix of outdoor activities ranging from hiking to snowmobiling, facilitated by its proximity to beautiful natural landscapes. The town has essential amenities, including schools, parks, and local shops, making it a great place for families and retirees alike.

Buyer vs Seller Market in Biwabik, MN

The current real estate market in Biwabik is experiencing moderate growth, with an increase in demand for single-family homes. Buyers are attracted to the affordable housing options and the area's natural beauty. Homes are selling relatively quickly, indicating a competitive market, especially for those listings priced under the median market value.

Biwabik's market has shown resilience with slight appreciation in home values over the past year, making it a favorable time for both buyers and sellers. Investing in this area has become appealing due to its potential for growth as more individuals seek second homes in scenic locations.

Home Value Estimator For Biwabik, MN

There are currently 524 real estate properties in Biwabik, MN, with a median automated valuation model (AVM) price of $128,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Biwabik, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Biwabik, MN, is $181,141.00, with the most expensive house in Biwabik, MN, topping out at $1,482,005.00 and the cheapest home in Biwabik, MN, clocking in at $11,186.00. In other words, there’s something for every potential homebuyer or savvy investor in Biwabik, MN!

Rent Prices In Biwabik, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Biwabik, MN, is on a rollercoaster ride. The average rent price in Biwabik, MN, is $959.00. Indeed, when looking to rent in Biwabik, MN, you can expect to pay as little as $530.00 or as much as $2,410.00, with the average rent median estimated to be $900.00. The good news is that finding an affordable and desirable property to rent in Biwabik, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Biwabik, MN 55708 Short Sale Listings

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