Is Backus, MN 56435 a buyer’s or seller’s market?
Backus is a seller’s market. With about 2.8 months of supply and 33% 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.
More competitive than 57% of U.S. ZIP codes, and #220 of 296 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 August 31, 2026. See the breakdown
The Backus housing market right now
In the three months ending August 31, 2026, 33% of homes in Backus, MN 56435 sold above their list price, the typical home went under contract in 19 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 19 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (35% then), homes sold faster (23 days then) and the median sale price fell 3% to $354,846. Overall, Backus is about as competitive as it was a year ago.
Within Cass County, homes here sell faster than in 91% of the county’s ZIP codes, and sell more often over asking than in 91%. On our competition score, Backus ranks #220 of 296 MN ZIP codes with enough sales (score 55 out of 100).
Nearby, buyers who want less competition could look at Federal Dam 56641 (0% sold over asking) or Cass Lake 56633 (0% sold over asking), while Remer 56672 (45% sold over asking) is even more competitive.
Run the numbers for 56435
Nearby markets
Bena 56626 — /sq ftCass Lake 56633Buyer’s market $105 /sq ftFederal Dam 56641Seller’s market $212 /sq ftHackensack 56452Seller’s market $300 /sq ft Browse all markets →Towns like Backus nearby
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Questions about Backus real estate
Is Backus a buyer’s or seller’s market?
A seller’s market: there were 2.8 months of supply in Backus, MN 56435 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 Backus?
The typical home went under contract in 19 days in the latest three months.
Do homes in Backus sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 95.3% of the list price.
What are property taxes in Backus?
About 0.56% of a home’s value a year in Cass County, or roughly $2,240 on a $400,000 home.
What is the median home price in Backus?
The median sale price was $354,846 in the three months ending August 31, 2026, about $273 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