Is Hovland, MN 55606 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Hovland is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Hovland housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Cook County, MN

Population	198
Median income	$85,000
Average income	$94,473
Median home value	$317,900
Owner-occupied	98% of homes
Median year built	1993

Natural hazard riskWinter storms (relatively high), wildfire (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 55606; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 55606

Prefilled for 55606Can I win this house?Multiple-offer likelihood for a listing Prefilled for 55606Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Grand Marais 55604Balanced $369 /sq ft Lutsen 55612Buyer’s market $378 /sq ft Schroeder 55613 — /sq ft Tofte 55615Seller’s market $451 /sq ft Browse all markets →

Where Hovland is

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Questions about Hovland real estate

What are property taxes in Hovland?

About 0.69% of a home’s value a year in Cook County, or roughly $2,760 on a $400,000 home.

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More tools for 55606

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology