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MOUNTAIN IRON, MN 55768

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

Market Overview

Active Listings
3
⇩ 40% vs 5 last year
Pending
1
33% pending ratio
Median Price
$285,500
⇩ 39.5% vs $472,250 last year
Average Price
$285,500
⇩ 39.5% vs $472,250 last year
Days on Market
128
⇧ 20.8% vs 106 days last year

Market Context

Population: 2,649  ·  Density: 11.5/mi²  ·  Median household income: $66,023

Typical home value: $174,650  ·  Homeownership: 72.3%

Market Analysis

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

The MOUNTAIN IRON, MN real estate market (55768) currently shows 3 active listings, with 1 pending sales. Homes are averaging 128 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 128 days on market compared to 106 days last year.

The median listing price has fallen 39.5% year-over-year, from $472,250 to $285,500.

Whether you are buying or selling in MOUNTAIN 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 5 last year
  • Days on market: 128 now vs 106 last year

Median & Average Pricing

Year over Year
  • Median: $285,500 (-39.5% YoY)
  • Average: $285,500 (-39.5% 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 31.6 miles — 112 listings ($55,553,158 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55768Mountain Iron, MN 557680.0 mi3$856,500$285,500$285,500
55751Iron, MN 557518.4 mi2$993,266$496,633$496,633
55710Britt, MN 557109.1 mi2$899,000$449,500$449,500
55734Eveleth, MN 5573412.4 mi16$2,909,216$148,067$181,826
55708Biwabik, MN 5570815.2 mi3$491,400$172,500$163,800
55738Forbes, MN 5573816.7 mi1$159,900$159,900$159,900
55705Aurora, MN 5570520.3 mi20$3,199,260$155,000$159,963
55732Embarrass, MN 5573223.9 mi3$1,445,850$481,950$481,950
55723Cook, MN 5572324.1 mi18$23,519,934$737,000$1,306,663
55790Tower, MN 5579025.7 mi26$15,566,720$499,000$598,720
55775Pengilly, MN 5577527.2 mi6$3,336,000$524,500$556,000
55782Soudan, MN 5578230.4 mi4$448,000$127,000$112,000
55750Hoyt Lakes, MN 5575031.6 mi8$1,728,112$159,900$216,014

Frequently Asked Questions

How many homes are for sale in MOUNTAIN IRON, MN 55768?

As of January 2026, there are 3 active listings in MOUNTAIN IRON, MN (zip code 55768), compared to 5 the prior year.

What is the median home price in MOUNTAIN IRON, MN 55768?

The median listing price in MOUNTAIN IRON, MN 55768 is $285,500 as of January 2026, a 39.5% decrease from $472,250 the prior year.

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

Homes in MOUNTAIN IRON, MN 55768 spend an average of 128 days on the market before going under contract, compared to 106 days the prior year.

Is it a seller's or buyer's market in MOUNTAIN IRON, MN 55768?

Based on current inventory and days-on-market data as of January 2026, MOUNTAIN IRON, MN 55768 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 128 days on market compared to 106 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MOUNTAIN IRON, MN 55768 save an estimated $5,710 compared to a typical 5% commission on the median listing price of $285,500. 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.