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IRON, MN 55751

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The IRON, MN real estate market (55751) currently shows 3 active listings, with 2 pending sales. Homes are averaging 124 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 124 days on market compared to 14 days last year.

The median listing price has risen 62.3% year-over-year, from $289,450 to $469,900.

Whether you are buying or selling in IRON, 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 Context

Market Context

Population: 1,343  ·  Density: 8.6/mi²  ·  Median household income: $75,461

Typical home value: $176,233  ·  Homeownership: 94.3%

Market Overview

Active Listings
3
⇧ 50% vs 2 last year
Pending
2
67% pending ratio
Median Price
$469,900
⇧ 62.3% vs $289,450 last year
Average Price
$469,900
⇧ 62.3% vs $289,450 last year
Days on Market
124
⇧ 785.7% vs 14 days last year

Price Per Square Foot

Median $/sqft
$158
⇧ 41.1% vs $112/sqft last year
Median Home Size
2,980 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 2 last year
  • Days on market: 124 now vs 14 last year

Median & Average Pricing

Year over Year
  • Median: $469,900 (+62.3% YoY)
  • Average: $469,900 (+62.3% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 31.2 miles — 97 listings ($24,820,777 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55751Iron, MN 557510.0 mi4$1,899,600$474,900$474,900
55734Eveleth, MN 557348.2 mi17$3,018,197$149,500$177,541
55768Mountain Iron, MN 557688.4 mi3$802,500$275,500$267,500
55741Gilbert, MN 5574113.9 mi12$3,581,796$357,225$298,483
55792Virginia, MN 5579216.7 mi33$5,323,593$133,500$161,321
55708Biwabik, MN 5570817.9 mi4$519,768$125,475$129,942
55724Cotton, MN 5572420.3 mi4$1,653,000$413,250$413,250
55765Meadowlands, MN 5576520.5 mi2$574,900$287,450$287,450
55775Pengilly, MN 5577524.0 mi5$2,875,000$549,999$575,000
55769Nashwauk, MN 5576924.9 mi8$2,596,024$287,500$324,503
55742Goodland, MN 5574226.9 mi1$399,999$399,999$399,999
55732Embarrass, MN 5573228.7 mi2$893,900$446,950$446,950
55736Floodwood, MN 5573631.2 mi2$682,500$341,250$341,250

Frequently Asked Questions

How many homes are for sale in IRON, MN 55751?

As of March 2026, there are 3 active listings in IRON, MN (zip code 55751), compared to 2 the prior year.

What is the median home price in IRON, MN 55751?

The median listing price in IRON, MN 55751 is $469,900 as of March 2026, a 62.3% increase from $289,450 the prior year.

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

Homes in IRON, MN 55751 spend an average of 124 days on the market before going under contract, compared to 14 days the prior year.

Is it a seller's or buyer's market in IRON, MN 55751?

Based on current inventory and days-on-market data as of March 2026, IRON, MN 55751 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 124 days on market compared to 14 days last year.

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

With SELL123.com's maximum 3% commission, sellers in IRON, MN 55751 save an estimated $9,398 compared to a typical 5% commission on the median listing price of $469,900. 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.