Is Eveleth, MN 55734 a buyer’s or seller’s market?
Eveleth is a buyer’s market. With about 7.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 42% of U.S. ZIP codes, and #260 of 307 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Eveleth housing market right now
In the three months ending August 31, 2026, 14% of homes in Eveleth, MN 55734 sold above their list price, the typical home went under contract in 43 days and there were 7.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (15% then), homes sold faster (70 days then) and the median sale price fell 3% to $154,683. Overall, Eveleth is more competitive than a year ago, so tougher for buyers.
Within St. Louis County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in 58%.
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 55734
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 →Towns like Eveleth nearby
Find towns like Eveleth in other states →Where Eveleth is
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Questions about Eveleth real estate
Is Eveleth a buyer’s or seller’s market?
A buyer’s market: there were 7.8 months of supply in Eveleth, MN 55734 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 Eveleth?
The typical home went under contract in 43 days in the latest three months.
Do homes in Eveleth sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 98.6% of the list price.
What are property taxes in Eveleth?
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 Eveleth?
The median sale price was $154,683 in the three months ending August 31, 2026, about $101 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