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FINLAND, MN 55603

Real Estate Market Report  ·  Lake County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
4
⇩ 33.3% vs 6 last year
Pending
1
25% pending ratio
Median Price
$342,000
⇩ 47.4% vs $650,000 last year
Average Price
$377,100
⇩ 33.7% vs $568,373 last year
Days on Market
98
⇩ 44.6% vs 177 days last year

Market Context

Population: 393  ·  Density: 0.5/mi²  ·  Median household income: $59,609

Typical home value: $170,456  ·  Homeownership: 78.8%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The FINLAND, MN real estate market (55603) currently shows 4 active listings, with 1 pending sales. Homes are averaging 98 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 98 days on market compared to 177 days last year.

The median listing price has fallen 47.4% year-over-year, from $650,000 to $342,000.

Whether you are buying or selling in FINLAND, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 6 last year
  • Days on market: 98 now vs 177 last year

Median & Average Pricing

Year over Year
  • Median: $342,000 (-47.4% YoY)
  • Average: $377,100 (-33.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 55.7 miles — 151 listings ($63,206,728 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55603Finland, MN 556030.0 mi4$1,508,400$342,000$377,100
55607Isabella, MN 5560716.0 mi2$374,000$187,000$187,000
55601Beaver Bay, MN 5560122.9 mi3$1,012,500$337,500$337,500
55616Two Harbors, MN 5561630.1 mi44$11,610,764$234,900$263,881
55602Brimson, MN 5560236.6 mi4$1,139,252$284,950$284,813
55731Ely, MN 5573140.0 mi44$23,783,012$359,000$540,523
55732Embarrass, MN 5573248.7 mi3$1,445,850$481,950$481,950
54814Bayfield, WI 5481449.3 mi9$6,947,469$749,900$771,941
55763Makinen, MN 5576350.4 mi6$2,239,500$367,000$373,250
55782Soudan, MN 5578250.7 mi4$448,000$127,000$112,000
54844Herbster, WI 5484452.4 mi3$2,030,901$315,000$676,967
55803Duluth, MN 5580354.3 mi22$8,940,514$312,450$406,387
54865Port Wing, WI 5486555.7 mi3$1,726,566$475,000$575,522

Frequently Asked Questions

How many homes are for sale in FINLAND, MN 55603?

As of January 2026, there are 4 active listings in FINLAND, MN (zip code 55603), compared to 6 the prior year.

What is the median home price in FINLAND, MN 55603?

The median listing price in FINLAND, MN 55603 is $342,000 as of January 2026, a 47.4% decrease from $650,000 the prior year.

How long do homes stay on the market in FINLAND, MN?

Homes in FINLAND, MN 55603 spend an average of 98 days on the market before going under contract, compared to 177 days the prior year.

Is it a seller's or buyer's market in FINLAND, MN 55603?

Based on current inventory and days-on-market data as of January 2026, FINLAND, MN 55603 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 98 days on market compared to 177 days last year.

How much can I save on real estate commission in FINLAND, MN?

With SELL123.com's maximum 3% commission, sellers in FINLAND, MN 55603 save an estimated $6,840 compared to a typical 5% commission on the median listing price of $342,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.