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CRANE LAKE, MN 55725

Real Estate Market Report  ·  Saint Louis County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
3
⇧ 200% vs 1 last year
Pending
0
0% pending ratio
Median Price
$847,000
⇧ 49.4% vs $567,000 last year
Average Price
$914,500
⇧ 61.3% vs $567,000 last year
Days on Market
208
⇩ 21.5% vs 265 days last year

Market Context

Population: 99  ·  Density: 0.3/mi²  ·  Median household income: $66,250

Typical home value: $312,860  ·  Homeownership: 95.3%

Market Analysis

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

The CRANE LAKE, MN real estate market (55725) currently shows 3 active listings. Homes are averaging 208 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 208 days on market compared to 265 days last year.

The median listing price has risen 49.4% year-over-year, from $567,000 to $847,000.

Whether you are buying or selling in CRANE LAKE, 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: 3 this year vs 1 last year
  • Days on market: 208 now vs 265 last year

Median & Average Pricing

Year over Year
  • Median: $847,000 (+49.4% YoY)
  • Average: $914,500 (+61.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 65.7 miles — 186 listings ($72,191,238 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55725Crane Lake, MN 557250.0 mi3$2,743,500$847,000$914,500
56649International Falls, MN 5664928.5 mi34$14,161,986$259,000$416,529
55790Tower, MN 5579036.5 mi26$15,566,720$499,000$598,720
55782Soudan, MN 5578239.7 mi4$448,000$127,000$112,000
55731Ely, MN 5573145.5 mi44$23,783,012$359,000$540,523
55710Britt, MN 5571048.2 mi2$899,000$449,500$449,500
55792Virginia, MN 5579251.2 mi33$5,531,790$147,450$167,630
55706Babbitt, MN 5570654.4 mi12$2,495,868$148,000$207,989
55708Biwabik, MN 5570856.6 mi3$491,400$172,500$163,800
55713Buhl, MN 5571359.3 mi5$1,139,165$220,000$227,833
55750Hoyt Lakes, MN 5575062.0 mi8$1,728,112$159,900$216,014
56628Bigfork, MN 5662862.3 mi5$1,629,085$277,500$325,817
55769Nashwauk, MN 5576965.7 mi7$1,573,600$175,000$224,800

Frequently Asked Questions

How many homes are for sale in CRANE LAKE, MN 55725?

As of January 2026, there are 3 active listings in CRANE LAKE, MN (zip code 55725), compared to 1 the prior year.

What is the median home price in CRANE LAKE, MN 55725?

The median listing price in CRANE LAKE, MN 55725 is $847,000 as of January 2026, a 49.4% increase from $567,000 the prior year.

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

Homes in CRANE LAKE, MN 55725 spend an average of 208 days on the market before going under contract, compared to 265 days the prior year.

Is it a seller's or buyer's market in CRANE LAKE, MN 55725?

Based on current inventory and days-on-market data as of January 2026, CRANE LAKE, MN 55725 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 208 days on market compared to 265 days last year.

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

With SELL123.com's maximum 3% commission, sellers in CRANE LAKE, MN 55725 save an estimated $16,940 compared to a typical 5% commission on the median listing price of $847,000. 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.