Mountain Iron, MN Home Values & Market Trends
Real estate market trends reflect that there have been 34 transactions over the past year in Mountain Iron. The median value for residential home transactions that occurred over the previous year is $199,900. The number of current listings in Mountain Iron is 27, and the percentage of properties for sale in the city is 27.00%. Mountain Iron, MN currently has 3 properties in foreclosure, 2 bank owned properties, 1 properties headed for auction, and 27 properties for sale.
Mountain Iron, MN Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 55768 | $ 199,900 $ 160/sqft |
Housing Market Summary for Mountain Iron, MN
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $0 | $299K | - |
| Median Sold Price | $217.8K | $227.9K | 4.67% |
| Homes For Sale | 10 | 25 | 150.00% |
| Homes Sold | 18 | 18 | - |
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 Mountain Iron, MN
Browse Homes in Mountain Iron, MN
Mountain Iron home values range from $33,384 to $562,602. The median estimated value of a home in Mountain Iron is $199,900. The median list price of a home is 299,000, and the total count of properties in the city is 48.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Mountain Iron, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Mountain Iron, MN; of that zips, 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 Mountain Iron, MN ranges from the highest value of $199,900 in 55768 to the lowest value of $144,000 in 55768. Bank owned homes and properties account for 4.17% of properties in Mountain Iron, MN. There is 1 zips within Mountain Iron, MN; 55768 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions55768 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Mountain Iron, MN. Auction homes and other auction properties account for 2.08% of all properties in Mountain Iron, MN. There is 1 zips within Mountain Iron, MN; of that zips, the median estimated home value for homes going to auction ranges from $194,545 in 55768 to the lowest value of $194,545 in 55768.
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More Real Estate Resources for Mountain Iron, MN
Guide for Mountain Iron, MN
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.
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