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Is Iron, MN 55751 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Iron is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market
Sold above original list50%Share of sales, last 3 months
Median sale-to-list103.3%Sold price ÷ list price
Median days on market31Listing to accepted offer
Median price per sq ft$172▼ −6.3% vs. last year

The Iron housing market right now

In the three months ending August 31, 2026, 50% of homes in Iron, MN 55751 sold above their list price and the typical home went under contract in 31 days. With only 2 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (48 days then) and the median sale price rose 52% to $329,857. Overall, Iron is more competitive than a year ago, so tougher for buyers.

Within St. Louis County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 89%.

Nearby, buyers who want less competition could look at Soudan 55782 (0% sold over asking) or Orr 55771 (0% sold over asking), while Angora 55703 (100% sold over asking) and Buhl 55713 (100% sold over asking) are even more competitive.

Run the numbers for 55751

Prefilled for 55751Can I win this house?Multiple-offer likelihood for a listing Prefilled for 55751Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alborn 55702 — /sq ftAngora 55703Buyer’s market $121 /sq ftAurora 55705Balanced $129 /sq ftBabbitt 55706Seller’s market $91 /sq ft Browse all markets →

Towns like Iron nearby

Find towns like Iron in other states →
Gilbert, MN55741 · 11 miles away89% similarcheaper homes ($38K less) · larger Embarrass, MN55732 · 26 miles away87% similar8 min longer commute Bovey, MN55709 · 36 miles away84% similarlarger Britt, MN55710 · 17 miles away81% similarpricier homes ($78K more)

Where Iron is

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Questions about Iron real estate

How fast do homes sell in Iron?

The typical home went under contract in 31 days in the latest three months.

Do homes in Iron sell over asking?

50% of homes sold above their original list price, and the typical sale closed at 103.3% of the list price.

What are property taxes in Iron?

About 1.03% of a home’s value a year in St. Louis County, or roughly $4,120 on a $400,000 home.

What is the median home price in Iron?

The median sale price was $329,857 in the three months ending August 31, 2026, about $172 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology