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 $555K last month, up 85.9% since last year. The median sale price per square foot in 55731 is $185, down 34.9% since last year.

Trends
Demand
Schools
Climate

55731 Housing Market Trends

What is the housing market like in 55731 today?

$555K

Sale Price

+85.9%
since last year

$185

Sale $/Sq. Ft.

-34.9%
since last year

Under List Price

4.5%

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 95 days.

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 95 days.
Hot homes
can sell for around list price and go pending in around 29 days.

Compare With Nearby Zip codes

55604

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 7% below list price and go pending in around 81 days.
Hot homes
can sell for about 2% below list price and go pending in around 44 days.

See more nearby cities and neighborhoods

View houses in 55731 that sold recently

Recently sold homes

SOLD JUL 11, 2025
Unknown Last Sold Price
—beds
—baths
—sq ft
XXX2 Powerhouse Trl, Ely, MN 55731
List Price
—
Sale to List
—
Days on Market
227 days
XXX2 Powerhouse Trl, Ely, MN 55731
SOLD JUL 11, 2025
Unknown Last Sold Price
—beds
—baths
—sq ft
740 Halfway Rd, Ely, MN 55731
List Price
—
Sale to List
—
Days on Market
63 days
740 Halfway Rd, Ely, MN 55731
SOLD JUL 11, 2025
Unknown Last Sold Price
—beds
—baths
—sq ft
3596 Lake Four Rd Rd W, Ely, MN 55731
List Price
—
Sale to List
—
Days on Market
21 days
3596 Lake Four Rd Rd W, Ely, MN 55731
SOLD JUL 11, 2025
Unknown Last Sold Price
—beds
—baths
—sq ft
XXX1 Powerhouse Trl, Ely, MN 55731
List Price
—
Sale to List
—
Days on Market
227 days
XXX1 Powerhouse Trl, Ely, MN 55731
SOLD JUL 11, 2025
$525,000 Last Sold Price
2 beds
1 bath
1,283 sq ft
2890 Ccc Camp Rd, Ely, MN 55731
List Price
$549,500
Sale to List
4% under list
Days on Market
59 days
2890 Ccc Camp Rd, Ely, MN 55731
SOLD JUL 3, 2025
Unknown Last Sold Price
—beds
—baths
—sq ft
3168 Wolf Lake Rd, Ely, MN 55731
List Price
—
Sale to List
—
Days on Market
36 days
3168 Wolf Lake Rd, Ely, MN 55731
SOLD JUN 27, 2025
Unknown Last Sold Price
—beds
—baths
—sq ft
2125 Sibley Ct, Ely, MN 55731
List Price
—
Sale to List
—
Days on Market
93 days
2125 Sibley Ct, Ely, MN 55731
SOLD JUN 27, 2025
$380,000 Last Sold Price
3 beds
2 baths
—sq ft
9330 Birch Lake Rd, Ely, MN 55731
List Price
$369,000
Sale to List
3% over list
Days on Market
24 days
9330 Birch Lake Rd, Ely, 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

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.

Provided by First Street Foundation

More real estate resources for 55731

New Listings in 55731

City Housing Markets

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