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GRAND MARAIS, MN 55604

Real Estate Market Report  ·  Cook County
Balanced Market
July 2026  ·  Source: Realtor.com

Market Analysis

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

The GRAND MARAIS, MN real estate market (55604) currently shows 37 active listings, with 13 pending sales. Homes are averaging 32 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 32 days on market compared to 37 days last year.

The median listing price has fallen 7.8% year-over-year, from $612,225 to $564,675.

Whether you are buying or selling in GRAND MARAIS, 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 Context

Market Context

Population: 3,800  ·  Density: 1.8/mi²  ·  Median household income: $76,375

Typical home value: $303,392  ·  Homeownership: 79.0%

Market Overview

Active Listings
37
⇧ 2.8% vs 36 last year
Pending
13
35% pending ratio
Median Price
$564,675
⇩ 7.8% vs $612,225 last year
Average Price
$638,587
⇩ 1.3% vs $647,135 last year
Days on Market
32
⇩ 13.5% vs 37 days last year

Price Per Square Foot

Median $/sqft
$429
⇧ 18.5% vs $362/sqft last year
Median Home Size
1,212 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 37 this year vs 36 last year
  • Days on market: 32 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $564,675 (-7.8% YoY)
  • Average: $638,587 (-1.3% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 96.9 miles — 78 listings ($43,691,614 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55604Grand Marais, MN 556040.0 mi10$7,351,070$618,200$735,107
55615Tofte, MN 5561521.1 mi8$3,078,000$364,750$384,750
55603Finland, MN 5560341.4 mi4$1,511,200$309,000$377,800
55731Ely, MN 5573155.1 mi36$20,956,104$375,500$582,114
55601Beaver Bay, MN 5560162.9 mi4$1,350,000$337,500$337,500
54850La Pointe, WI 5485071.9 mi3$1,587,000$529,000$529,000
54827Cornucopia, WI 5482784.2 mi3$4,057,350$1,352,450$1,352,450
49953Ontonagon, MI 4995396.9 mi10$3,800,890$175,000$380,089

Frequently Asked Questions

How many homes are for sale in GRAND MARAIS, MN 55604?

As of July 2026, there are 37 active listings in GRAND MARAIS, MN (zip code 55604), compared to 36 the prior year.

What is the median home price in GRAND MARAIS, MN 55604?

The median listing price in GRAND MARAIS, MN 55604 is $564,675 as of July 2026, a 7.8% decrease from $612,225 the prior year.

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

Homes in GRAND MARAIS, MN 55604 spend an average of 32 days on the market before going under contract, compared to 37 days the prior year.

Is it a seller's or buyer's market in GRAND MARAIS, MN 55604?

Based on current inventory and days-on-market data as of July 2026, GRAND MARAIS, MN 55604 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 32 days on market compared to 37 days last year.

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

With SELL123.com's maximum 3% commission, sellers in GRAND MARAIS, MN 55604 save an estimated $11,294 compared to a typical 5% commission on the median listing price of $564,675. 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.