55731, MN Housing Market

Homes for sale

The 55731 housing market is not very competitive. The median sale price of a home in 55731 was $281K last month, up 15.2% since last year. The median sale price per square foot in 55731 is $217, up 45.5% since last year.

Trends
Demand
Schools
Climate

55731 Housing Market Trends

What is the housing market like in 55731 today?

$281K

Sale Price

+15.2%
since last year

$217

Sale $/Sq. Ft.

+45.5%
since last year

Under List Price

4.7%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the 55731 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Minnesota add value to a home.

How hot is the 55731 housing market?

55731 is not very competitive. Homes sell in 57 days.

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 57 days.
Hot homes
can sell for around list price and go pending in around 29 days.

Compare With Nearby Zip codes

55604

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 37 days.
Hot homes
can sell for about 1% above list price and go pending in around 12 days.

55771

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 4% below list price and go pending in around 87 days.
Hot homes
can sell for around list price and go pending in around 15 days.

See more nearby cities and neighborhoods

View houses in 55731 that sold recently

Recently sold homes

SOLD DEC 15, 2025
$51,000 Last Sold Price
—beds
—baths
—sq ft
TBD Moose Junction Trl, Morse Township, MN 55731
List Price
$65,000
Sale to List
22% under list
Days on Market
52 days
TBD Moose Junction Trl, Morse Township, MN 55731
SOLD DEC 15, 2025
$34,000 Last Sold Price
—beds
—baths
—sq ft
TBD Highway 169, Ely, MN 55731
List Price
$39,000
Sale to List
13% under list
Days on Market
109 days
TBD Highway 169, Ely, MN 55731
SOLD DEC 12, 2025
$120,000 Last Sold Price
2 beds
1 bath
—sq ft
1029 E White St, Ely, MN 55731
List Price
$125,000
Sale to List
4% under list
Days on Market
70 days
1029 E White St, Ely, MN 55731
SOLD DEC 12, 2025
$209,000 Last Sold Price
2 beds
2 baths
1,287 sq ft
137 E Boundary St, Ely, MN 55731
List Price
$209,000
Sale to List
0% over list
Days on Market
79 days
137 E Boundary St, Ely, MN 55731
SOLD DEC 8, 2025
$419,000 Last Sold Price
3 beds
2 baths
2,281 sq ft
386 Garden Lake Rd, Ely, MN 55731
List Price
$419,000
Sale to List
0% over list
Days on Market
32 days
386 Garden Lake Rd, Ely, MN 55731
SOLD DEC 5, 2025
$62,000 Last Sold Price
—beds
—baths
—sq ft
TBD Souja Rd, Ely, MN 55731
List Price
$62,000
Sale to List
0% over list
Days on Market
126 days
TBD Souja Rd, Ely, MN 55731
SOLD DEC 5, 2025
$290,000 Last Sold Price
—beds
—baths
—sq ft
3732 Highway 169, Ely, MN 55731
List Price
$299,000
Sale to List
3% under list
Days on Market
151 days
3732 Highway 169, Ely, MN 55731
SOLD DEC 5, 2025
$52,900 Last Sold Price
—beds
—baths
—sq ft
TBD Lot 5 Truman Ln, Eagles Nest Township, MN 55731
List Price
$52,900
Sale to List
0% over list
Days on Market
926 days
TBD Lot 5 Truman Ln, Eagles Nest Township, MN 55731
See all recently sold homes in 55731.
See listings

Schools in 55731

Learn about schools in the 55731 area

Elementary
Middle
High

GreatSchools Rating

5/10 Washington Elementary School Public • PreK-5	225 Students	8 reviews
5/10 Tower-Soudan Elementary School Public • PreK-6	99 Students	N/A

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on 55731 housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 55731.

Heat Factor - Minimal

100% of properties are at minimal risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for 55731

New Listings in 55731

County Housing Markets

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