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Featured local agent — Bovey, MN
Sarah Mitchell
Compass Real Estate · Bovey, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Bovey, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$249,500median sale price
How is the Bovey, MN housing market right now?
The median home sale price in Bovey, MN is $249,500, up 91.9% year-over-year. Homes sell in an average of 76 days with 3 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Bovey a buyer's or seller's market?
Bovey, MN is currently a seller's market, based on 1.5 months of supply and homes selling in about 76 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
76
Average pace
Active listings
3
1.5 months supply
Sale-to-list
102.1%
Above asking
What does the Bovey housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $249,500 |
| Median list price | $239,900 |
| Year-over-year price change | +91.9% |
| Average days on market | 76 days |
| Active inventory | 3 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 102.1% |
| Median price per sq ft | $95/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 3 |
| Listings with a price cut | 66.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Bovey by property type?
How the Bovey, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $249,500 | $95/sq ft | 2 | 76 days |
Source: Redfin · Updated monthly
The Bovey housing market is currently classified as a seller's market with a median sale price of $249,500. Prices have risen 91.9% compared to last year, with homes spending an average of 76 days on market, indicating 1.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.1x provides context for how home values compare to local earning capacity.
Homes for sale in Bovey
There are currently 3 homes listed for sale in Bovey, Minnesota. The median listing price is $240K.
Active listings
3
Homes on market
Median list price
$240K
Avg. days on market
76
Days until sale
New this week
3
Newly listed
Who lives in Bovey?
Population
690
Median income
$67,500/yr
Median age
29.7 years
Owner-occupied
64.9%
College grads
11.7%
Avg commute
22.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Bovey?
Zillow home value
$141,661
Price-to-income
2.1x
Source: Zillow Research
What is it like to live in Bovey?
Bovey is a community of approximately 1K residents with a median age of 29.7 years.The median household income is $67,500, which represents a working-class community with solid middle-income opportunities. 11.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 64.9%, showing a blend of owner and renter-occupied properties. The average commute time is 22.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Bovey offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Bovey, MN?
Want a head-to-head view? Compare Bovey side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Bovey?
The median home sale price in Bovey is $249,500, up 91.9% from last year.
How long do homes stay on market in Bovey?
Homes typically spend 76 days on market before going under contract.
What is the median income in Bovey?
The median household income is $67,500 per year.
Is Bovey a buyer's or seller's market?
With 1.5 months of supply, Bovey is currently a seller's market.
What is the Zillow home value estimate for Bovey?
The Zillow Home Value Index (ZHVI) for Bovey is $141,661, representing the typical home value in the area.
How much does a single-family home cost in Bovey?
The median single-family home price in Bovey, MN is $249,500 (about $95 per square foot).
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