Active Listings
85
⇧ 18.1% vs 72 last year
Data as of June 2026. Source: Realtor.com.
The ELY, MN real estate market (55731) currently shows 85 active listings, with 12 pending sales. Homes are averaging 58 days on the market before going under contract.
Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 58 days on market compared to 40 days last year.
The median listing price has risen 24.4% year-over-year, from $354,250 to $440,583.
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 June 2026, there are 85 active listings in ELY, MN (zip code 55731), compared to 72 the prior year.
The median listing price in ELY, MN 55731 is $440,583 as of June 2026, a 24.4% increase from $354,250 the prior year.
Homes in ELY, MN 55731 spend an average of 58 days on the market before going under contract, compared to 40 days the prior year.
Based on current inventory and days-on-market data as of June 2026, ELY, MN 55731 is currently a Buyer's Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 58 days on market compared to 40 days last year.
With SELL123.com's maximum 3% commission, sellers in ELY, MN 55731 save an estimated $8,812 compared to a typical 5% commission on the median listing price of $440,583. 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.