Active Listings
53
⇧ 20.5% vs 44 last year
Data as of April 2026. Source: Realtor.com.
The ELY, MN real estate market (55731) currently shows 53 active listings, with 8 pending sales. Homes are averaging 41 days on the market before going under contract.
Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.
Homes are selling faster, averaging 41 days on market compared to 160 days last year.
The median listing price has risen 32.1% year-over-year, from $334,250 to $441,500.
Whether you are buying or selling in ELY, 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.
Population: 5,297 · Density: 1.3/mi² · Median household income: $61,394
Typical home value: $203,109 · Homeownership: 75.2%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 55731 | Ely, MN 55731 | 0.0 mi | 36 | $20,956,104 | $375,500 | $582,114 |
| 55782 | Soudan, MN 55782 | 24.1 mi | 3 | $291,000 | $97,000 | $97,000 |
| 55732 | Embarrass, MN 55732 | 30.7 mi | 2 | $893,900 | $446,950 | $446,950 |
| 55750 | Hoyt Lakes, MN 55750 | 33.5 mi | 7 | $1,968,547 | $168,050 | $281,221 |
| 55708 | Biwabik, MN 55708 | 42.0 mi | 4 | $519,768 | $125,475 | $129,942 |
| 55792 | Virginia, MN 55792 | 43.4 mi | 33 | $5,323,593 | $133,500 | $161,321 |
| 55725 | Crane Lake, MN 55725 | 45.2 mi | 3 | $2,063,001 | $369,000 | $687,667 |
| 55614 | Silver Bay, MN 55614 | 46.1 mi | 26 | $7,065,318 | $171,750 | $271,743 |
| 55710 | Britt, MN 55710 | 50.0 mi | 2 | $875,000 | $437,500 | $437,500 |
| 55612 | Lutsen, MN 55612 | 50.6 mi | 10 | $4,811,590 | $331,175 | $481,159 |
| 55616 | Two Harbors, MN 55616 | 51.1 mi | 42 | $12,666,024 | $242,475 | $301,572 |
| 55768 | Mountain Iron, MN 55768 | 54.1 mi | 3 | $802,500 | $275,500 | $267,500 |
| 55604 | Grand Marais, MN 55604 | 55.1 mi | 10 | $7,351,070 | $618,200 | $735,107 |
As of April 2026, there are 53 active listings in ELY, MN (zip code 55731), compared to 44 the prior year.
The median listing price in ELY, MN 55731 is $441,500 as of April 2026, a 32.1% increase from $334,250 the prior year.
Homes in ELY, MN 55731 spend an average of 41 days on the market before going under contract, compared to 160 days the prior year.
Based on current inventory and days-on-market data as of April 2026, ELY, MN 55731 is currently a Balanced Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are selling faster, averaging 41 days on market compared to 160 days last year.
With SELL123.com's maximum 3% commission, sellers in ELY, MN 55731 save an estimated $8,830 compared to a typical 5% commission on the median listing price of $441,500. 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.