Photo: Lorie Shaull · CC BY 2.028 homes sold in Babbitt in the last year, at a typical $141K
Almost every sale is a house. Below: what each kind of home sells for, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Babbitt homes are listed.
Every place Babbitt homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Babbitt.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 0% of Babbitt’s sales, at a typical — (year to May 2026)
28 homes sold in the year to September 2026.
About as many homes sell as usual, at 2.2 times the 2016 price
28 sales in the last year, against 42 in 2021 and a low of 19 in 2012. The typical sale went from $63K in 2016 to $141K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
Bidding wars in Babbitt are back to pre-pandemic levels, but a third fewer homes come up for sale
We read every month of Babbitt’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 28 sales.
If you’re buying in Babbitt
- Shop in July. It brings about 4 new listings a month, close to the busiest month, with fewer bidding wars (11% over asking).
- Offer under asking. Buyers paid 97.7% of the list price on average; 6% paid over.
- You’ll usually have time. Only 14% of homes go under contract within two weeks; the typical one takes 101 days.
Summer brings the homes; spring brings the bidding wars
June has the most new listings (about 4 a month), but May is the most competitive: 15% of May sales close over asking. August has the least competition (9%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Minnesota
| Babbitt now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 6% | 8% | 16% | 29% |
| Gone within two weeksShare of homes under contract within 14 days | 14% | 0% | 9% | 40% |
| Price paid vs. askingAverage sale price ÷ list price | 97.7% | 93.6% | 96.7% | 99% |
| Days to sellMedian days from listing to contract | 101 | 153 | 59 | 38 |
10 homes for sale on a typical day
That’s 2.2 times the 2024 low (5), 35% fewer than in 2017–19 and well under 2017’s 18.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Babbitt home costs about $837 a month
Price: Babbitt’s typical sale, last 12 months. Property tax at Babbitt’s 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Babbitt is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. January has the fewest, about 1.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $141K home, about $1,210 a year.
Taxes vs. neighborsSchools
The schools grade for Babbitt, from test results, graduation and how much students grow.
Schools in BabbittCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Ely and Biwabik for far more
The busier markets within 25 miles of Babbitt, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Hoyt Lakes | 44 | $141K | $94 | 13% | 62 |
| Ely | 38 | $200K | $137 | 7% | 57 |
| Aurora | 28 | $159K | $93 | 7% | 72 |
| Babbitt | 28 | $141K | $90 | 6% | 101 |
| Biwabik | 23 | $167K | $175 | 8% | 25 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Babbitt, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Babbitt. People who follow the town see it, and so do people comparing Babbitt with their own town. No commission, no listing fee.
Questions about buying a home in Babbitt
What do homes sell for in Babbitt, MN?
28 homes sold in the year to September 2026 at a typical $141K, $90 a square foot.
Is Babbitt a buyer’s or seller’s market?
A seller’s market: 12 homes were for sale in September 2026 and 3 sold, about 3.2 months of supply. Buyers paid 97.7% of asking on average.
When is the best time to buy in Babbitt?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Babbitt?
About 0.9% of a home’s value a year. On a $141K home that’s near $1,210.
Where can I see homes for sale in Babbitt?
Zillow, Redfin, Realtor.com and Homes.com all carry Babbitt’s MLS listings; the search links above open each one filtered to Babbitt.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).