Active Listings
26
⇧ 44.4% vs 18 last year
Population: 2,390 · Density: 4.2/mi² · Median household income: $69,924
Typical home value: $157,476 · Homeownership: 84.3%
Data as of January 2026. Source: Realtor.com.
The SILVER BAY, MN real estate market (55614) currently shows 26 active listings, with 7 pending sales. Homes are averaging 82 days on the market before going under contract.
Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.
Homes are selling faster, averaging 82 days on market compared to 85 days last year.
The median listing price has fallen 6.4% year-over-year, from $192,400 to $180,000.
Whether you are buying or selling in SILVER BAY, 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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 55614 | Silver Bay, MN 55614 | 0.0 mi | 26 | $7,805,018 | $180,000 | $300,193 |
| 55616 | Two Harbors, MN 55616 | 14.7 mi | 44 | $11,610,764 | $234,900 | $263,881 |
| 55607 | Isabella, MN 55607 | 19.3 mi | 2 | $374,000 | $187,000 | $187,000 |
| 55750 | Hoyt Lakes, MN 55750 | 29.9 mi | 8 | $1,728,112 | $159,900 | $216,014 |
| 55706 | Babbitt, MN 55706 | 33.3 mi | 12 | $2,495,868 | $148,000 | $207,989 |
| 55763 | Makinen, MN 55763 | 38.4 mi | 6 | $2,239,500 | $367,000 | $373,250 |
| 55803 | Duluth, MN 55803 | 38.8 mi | 22 | $8,940,514 | $312,450 | $406,387 |
| 54844 | Herbster, WI 54844 | 40.9 mi | 3 | $2,030,901 | $315,000 | $676,967 |
| 54814 | Bayfield, WI 54814 | 41.9 mi | 9 | $6,947,469 | $749,900 | $771,941 |
| 55612 | Lutsen, MN 55612 | 43.4 mi | 9 | $4,527,342 | $367,450 | $503,038 |
| 55708 | Biwabik, MN 55708 | 45.6 mi | 3 | $491,400 | $172,500 | $163,800 |
| 55741 | Gilbert, MN 55741 | 46.4 mi | 11 | $3,430,306 | $364,450 | $311,846 |
| 54850 | La Pointe, WI 54850 | 47.8 mi | 5 | $2,645,000 | $529,000 | $529,000 |
As of January 2026, there are 26 active listings in SILVER BAY, MN (zip code 55614), compared to 18 the prior year.
The median listing price in SILVER BAY, MN 55614 is $180,000 as of January 2026, a 6.4% decrease from $192,400 the prior year.
Homes in SILVER BAY, MN 55614 spend an average of 82 days on the market before going under contract, compared to 85 days the prior year.
Based on current inventory and days-on-market data as of January 2026, SILVER BAY, MN 55614 is currently a Balanced Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are selling faster, averaging 82 days on market compared to 85 days last year.
With SELL123.com's maximum 3% commission, sellers in SILVER BAY, MN 55614 save an estimated $3,600 compared to a typical 5% commission on the median listing price of $180,000. 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.