Comprehensive market data and analysis• Updated Dec 2025
7.0 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | - | 1 | 2 |
| 5-10 acres | - | 2 | 3 | 4 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | 1 | 2 | 4 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 3 | 6 | 12 |
Acreage buckets
The median price for land in Bovey, Minnesota is currently $7K per acre. For a typical parcel, the median sale price is $77K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $45K while premium lots reached $90K.
Bovey, Minnesota is currently a balanced market with 7.0 months of supply. Conditions favor neither buyers nor sellers significantly.
Bovey, Minnesota currently has 7.0 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
The median land price in Bovey, Minnesota stands at $77K. This translates to roughly $7K per acre for the typical parcel size. The average price is $72K, showing a fairly consistent market.
Land in Bovey, Minnesota averages $31K per acre. The median price per acre is $7K, which may be more representative of typical transactions. Most parcels sold are around 8.5 acres.
The 3-month absorption rate in Bovey, Minnesota is 14.3%. The 12-month rate is 14.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Bovey, Minnesota saw 12 properties sold, totaling $860K in sales volume. In just the last 3 months, 3 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.
