Longyear, E. J., First Diamond Drill Site · Photo: McGhiever · CC BY-SA 4.044 homes sold in Hoyt Lakes 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 Hoyt Lakes homes are listed.
Every place Hoyt Lakes 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 Hoyt Lakes.
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 Hoyt Lakes’ sales, at a typical — (year to May 2026)
44 homes sold in the year to September 2026.
More homes sell than most years, at 2.6 times the 2016 price
44 sales in the last year, against 48 in 2021 and a low of 20 in 2013. The typical sale went from $55K 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 Hoyt Lakes are back to pre-pandemic levels, but a third fewer homes come up for sale
We read every month of Hoyt Lakes’ 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, 44 sales.
If you’re buying in Hoyt Lakes
- Shop in June. It brings about 5 new listings a month, close to the busiest month, with fewer bidding wars (17% over asking).
- Offer under asking. Buyers paid 95.6% of the list price on average; 13% paid over.
- You’ll usually have time. Only 7% of homes go under contract within two weeks; the typical one takes 62 days.
Summer brings both the most homes and the most bidding wars
July has the most new listings (about 5 a month), and the most competition: 20% close over asking. December has the least competition (9%) but only about 2 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Minnesota
| Hoyt Lakes now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 13% | 13% | 18% | 29% |
| Gone within two weeksShare of homes under contract within 14 days | 7% | 2% | 8% | 40% |
| Price paid vs. askingAverage sale price ÷ list price | 95.6% | 95.5% | 97.1% | 99% |
| Days to sellMedian days from listing to contract | 62 | 107 | 79 | 38 |
12 homes for sale on a typical day
That’s twice the 2022 low (6), 31% fewer than in 2017–19 and well under 2019’s 19.
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 Hoyt Lakes home costs about $811 a month
Price: Hoyt Lakes’ typical sale, last 12 months. Property tax at Hoyt Lakes’ 0.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Hoyt Lakes is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. January has the fewest, about 2.
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 $900 a year.
Taxes vs. neighborsSchools
The schools grade for Hoyt Lakes, from test results, graduation and how much students grow.
Schools in Hoyt LakesTypical commute
The average one-way trip to work for people who live in Hoyt Lakes.
Work & commuteCheck 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.
Babbitt and Virginia sell for less a square foot; Biwabik and Gilbert for far more
The busier markets within 25 miles of Hoyt Lakes, 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 | |
|---|---|---|---|---|---|
| Virginia | 119 | $126K | $87 | 15% | 73 |
| Eveleth | 45 | $132K | $97 | 15% | 82 |
| Hoyt Lakes | 44 | $141K | $94 | 13% | 62 |
| Aurora | 28 | $159K | $93 | 7% | 72 |
| Babbitt | 28 | $141K | $90 | 6% | 101 |
| Biwabik | 23 | $167K | $175 | 8% | 25 |
| Gilbert | 23 | $145K | $122 | 13% | 60 |
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 Hoyt Lakes, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Hoyt Lakes. People who follow the town see it, and so do people comparing Hoyt Lakes with their own town. No commission, no listing fee.
Questions about buying a home in Hoyt Lakes
What do homes sell for in Hoyt Lakes, MN?
44 homes sold in the year to September 2026 at a typical $141K, $94 a square foot.
Is Hoyt Lakes a buyer’s or seller’s market?
A seller’s market: 12 homes were for sale in September 2026 and 3 sold, about 3.6 months of supply. Buyers paid 95.6% of asking on average.
When is the best time to buy in Hoyt Lakes?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Hoyt Lakes?
About 0.6% of a home’s value a year. On a $141K home that’s near $900.
Where can I see homes for sale in Hoyt Lakes?
Zillow, Redfin, Realtor.com and Homes.com all carry Hoyt Lakes’ MLS listings; the search links above open each one filtered to Hoyt Lakes.
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).