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MOUNTAIN IRON, MN 55768

Real Estate Market Report  ·  Saint Louis County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The MOUNTAIN IRON, MN real estate market (55768) currently shows 3 active listings, with 1 pending sales. Homes are averaging 95 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 selling faster, averaging 95 days on market compared to 151 days last year.

The median listing price has fallen 41.2% year-over-year, from $472,250 to $277,725.

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 Context

Market Context

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

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

Market Overview

Active Listings
3
⇩ 40% vs 5 last year
Pending
1
33% pending ratio
Median Price
$277,725
⇩ 41.2% vs $472,250 last year
Average Price
$277,725
⇩ 41.2% vs $472,250 last year
Days on Market
95
⇩ 37.1% vs 151 days last year

Price Per Square Foot

Median $/sqft
$154
⇧ 9.2% vs $141/sqft last year
Median Home Size
1,959 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 5 last year
  • Days on market: 95 now vs 151 last year

Median & Average Pricing

Year over Year
  • Median: $277,725 (-41.2% YoY)
  • Average: $277,725 (-41.2% 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 30.8 miles — 69 listings ($18,192,976 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55768Mountain Iron, MN 557680.0 mi3$802,500$275,500$267,500
55751Iron, MN 557518.4 mi4$1,899,600$474,900$474,900
55710Britt, MN 557109.1 mi2$875,000$437,500$437,500
55734Eveleth, MN 5573412.4 mi17$3,018,197$149,500$177,541
55708Biwabik, MN 5570815.2 mi4$519,768$125,475$129,942
55738Forbes, MN 5573816.7 mi1$499,900$499,900$499,900
55705Aurora, MN 5570520.3 mi17$3,330,113$181,950$195,889
55781Side Lake, MN 5578121.4 mi1$799,000$799,000$799,000
55769Nashwauk, MN 5576924.1 mi8$2,596,024$287,500$324,503
55763Makinen, MN 5576324.6 mi3$1,186,374$448,000$395,458
55724Cotton, MN 5572427.1 mi4$1,653,000$413,250$413,250
55765Meadowlands, MN 5576528.8 mi2$574,900$287,450$287,450
55716Calumet, MN 5571630.8 mi3$438,600$146,200$146,200

Frequently Asked Questions

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

As of March 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 $277,725 as of March 2026, a 41.2% 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 95 days on the market before going under contract, compared to 151 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 March 2026, MOUNTAIN IRON, MN 55768 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 95 days on market compared to 151 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 $5,555 compared to a typical 5% commission on the median listing price of $277,725. 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.