Is Tower, MN 55790 a buyer’s or seller’s market?

The Tower housing market right now

In the three months ending August 31, 2026, 7% of homes in Tower, MN 55790 sold above their list price, the typical home went under contract in 14 days and there were 8.1 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 15 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 21%, homes sold faster (34 days then) and the median sale price rose 14% to $418,819. Overall, Tower is less competitive than a year ago, which gives buyers more room.

Within St. Louis County, homes here sell faster than in 78% of the county’s ZIP codes, and sell less often over asking than in 69%. On our competition score, Tower ranks #286 of 296 MN ZIP codes with enough sales (score 23 out of 100).

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.