Active Listings
94
⇧ 8% vs 87 last year
Data as of September 2026. Source: Realtor.com.
The ELY, MN real estate market (55731) currently shows 94 active listings, with 15 pending sales. Homes are averaging 87 days on the market before going under contract.
Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.
Homes are selling faster, averaging 87 days on market compared to 89 days last year.
The median listing price has risen 6.3% year-over-year, from $377,450 to $401,333.
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 September 2026, there are 94 active listings in ELY, MN (zip code 55731), compared to 87 the prior year.
The median listing price in ELY, MN 55731 is $401,333 as of September 2026, a 6.3% increase from $377,450 the prior year.
Homes in ELY, MN 55731 spend an average of 87 days on the market before going under contract, compared to 89 days the prior year.
Based on current inventory and days-on-market data as of September 2026, ELY, MN 55731 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 87 days on market compared to 89 days last year.
With SELL123.com's maximum 3% commission, sellers in ELY, MN 55731 save an estimated $8,027 compared to a typical 5% commission on the median listing price of $401,333. 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.