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Foreclosure Homes in Hibbing, MN 55746

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Hibbing, MN Foreclosures

Current Market Conditions in in Hibbing, MN As of March 2026?
In the last month, Hibbing's real estate market has experienced a slight uptick in activity, with a 5% increase in the number of homes sold compared to the previous month. This change reflects increased buyer interest, particularly in well-maintained homes within family-friendly neighborhoods. Additionally, the average selling price has risen by approximately 2%, signaling a positive trend continuing from last month's uptick in buyer engagement.
How much do homes sell for in Hibbing, MN?
The average home price is currently $194,073.
In Hibbing, MN, how many homes are available?
There are currently 42 active home listings available in Hibbing.
What’s the average rental cost in Hibbing, MN?
The average rental price in Hibbing is $1,061.
What is the most expensive home in Hibbing?
The most expensive home sold in Hibbing had a price of $17,884,829.
What is currently the cheapest priced home in Hibbing, MN?
The cheapest home for sale in Hibbing is priced at $10,074.

Living in Hibbing, MN

Hibbing, MN is a small city that embodies the spirit of northern Minnesota with its rich mining history and community-oriented lifestyle. Residents enjoy a variety of outdoor recreational activities, excellent schools, and a friendly atmosphere. Located conveniently with good transportation access, Hibbing has become a desirable place to call home.

Buyer vs Seller Market in Hibbing, MN

Hibbing's real estate market has shown stability with a modest increase in home prices over the past few months. The demand for single-family homes remains strong, as buyers are drawn to the city's affordable living and quality amenities. The market offers a mix of older homes with historic charm and newer constructions, catering to different buyer preferences.

Investors are keen on Hibbing due to its consistent job market related to health care and education, contributing to the town's economic resilience. Though prices have seen minor fluctuations, the overall trend remains positive, with listings often receiving multiple offers in this competitive market.

Home Value Estimator For Hibbing, MN

There are currently 7,630 real estate properties in Hibbing, MN, with a median automated valuation model (AVM) price of $155,753.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hibbing, 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 Hibbing, MN, is $194,073.00, with the most expensive house in Hibbing, MN, topping out at $17,884,829.00 and the cheapest home in Hibbing, MN, clocking in at $10,074.00. In other words, there’s something for every potential homebuyer or savvy investor in Hibbing, MN!

Rent Prices In Hibbing, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hibbing, MN, is on a rollercoaster ride. The average rent price in Hibbing, MN, is $1,061.00. Indeed, when looking to rent in Hibbing, MN, you can expect to pay as little as $440.00 or as much as $2,420.00, with the average rent median estimated to be $1,040.00. The good news is that finding an affordable and desirable property to rent in Hibbing, 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.

Hibbing, MN 55746 Foreclosures

Market Trend for Hibbing, MN

Total Listings Available: 42

Market Values:

Home Prices from $10,074 to $17,884,829

Average Sales Price: $194,073

Rental Values:

Rental from $440 to $2,420

Average Rent Value: $1,061 / month

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