55731 Home Values & Market Trends
There are 109 homes currently listed for 55731. 55731 real estate market trends show that home prices range from $54,000 to $4,500,000, and the median sales price in the 55731 zip code is $252,767. The total number of properties sold within the past twelve months is 110. In 55731, 5 properties are in foreclosure, 0 are bank owned properties,and 5 are headed for auction.
55731 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Ely | $ 252,767 $ 218/sqft |
Housing Market Summary for 55731
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $215.5K | $255K | 18.33% |
| Median Sold Price | $264K | $203.6K | -22.88% |
| Homes For Sale | 84 | 108 | 28.57% |
| Homes Sold | 88 | 60 | -31.82% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 55731
Browse Homes in 55731
The median list price of a home in Ely, is $252,767. A total of 109 properties are for sale, and the percentage of properties for sale in the zip code is 109.00%. The total count of 55731 properties is 177.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 55731 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 55731; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 55731 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 55731. There is 1 cities within 55731; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsely has 5 auction properties, the highest number of properties going to auction in a single city in the state of 55731. Auction homes and other auction properties account for 2.82% of all properties in 55731. There is 1 cities within 55731; of that cities, the median estimated home value for homes going to auction ranges from $401,891 in ely to the lowest value of $157,390 in ely.
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Guide for 55731
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.