Is Biwabik, MN 55708 a buyer’s or seller’s market?
Biwabik is a seller’s market. With about 1.6 months of supply and 13% 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.
The Biwabik housing market right now
In the three months ending August 31, 2026, 13% of homes in Biwabik, MN 55708 sold above their list price, the typical home went under contract in 11 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold faster (26 days then) and the median sale price fell 17% to $137,441. Overall, Biwabik is about as competitive as it was a year ago.
Within St. Louis County, homes here sell faster than in 92% of the county’s ZIP codes, and sell less often over asking than in 61%.
Nearby, buyers who want less competition could look at Soudan 55782 (0% sold over asking) or Orr 55771 (0% sold over asking), while Angora 55703 (100% sold over asking) and Buhl 55713 (100% sold over asking) are even more competitive.
Run the numbers for 55708
Nearby markets
Alborn 55702 — /sq ftAngora 55703Buyer’s market $121 /sq ftAurora 55705Balanced $129 /sq ftBabbitt 55706Seller’s market $91 /sq ft Browse all markets →Where Biwabik is
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Questions about Biwabik real estate
Is Biwabik a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Biwabik, MN 55708 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Biwabik?
The typical home went under contract in 11 days in the latest three months.
Do homes in Biwabik sell over asking?
13% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.
What are property taxes in Biwabik?
About 1.03% of a home’s value a year in St. Louis County, or roughly $4,120 on a $400,000 home.
What is the median home price in Biwabik?
The median sale price was $137,441 in the three months ending August 31, 2026, about $204 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology