Comprehensive market data and analysis• Updated Dec 2025
12.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 1 | 1 | 2 |
| 1-2 acres | 1 | 1 | 4 | 6 |
| 2-5 acres | - | 1 | 2 | 6 |
| 5-10 acres | - | 1 | 2 | 2 |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | 1 | 2 | 3 | 10 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 3 | 6 | 12 | 27 |
Acreage buckets
The median price for land in Backus, Minnesota is currently $10K per acre. For a typical parcel, the median sale price is $75K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $39K while premium lots reached $160K.
Backus, Minnesota is currently a strong buyer's market with 12.0 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 12.2% year-over-year.
Backus, Minnesota currently has 12.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
The 3-month absorption rate in Backus, Minnesota is 8.3%. The 12-month rate is 9.4%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Backus, Minnesota stands at $75K. This translates to roughly $10K per acre for the typical parcel size. The average price is $95K, indicating some higher-priced properties pulling up the average.
Land in Backus, Minnesota typically sells within 79 days of listing. The median time on market is 44 days. Properties are moving at a moderate pace in the current strong buyer's market.
Over the past 12 months, Backus, Minnesota saw 27 properties sold, totaling $2.6M in sales volume. In just the last 3 months, 6 properties changed hands.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
