$499,000
- 2 Beds
- 1 Bath
- 1,002 Sq Ft
Lot 128 Marjo Dr, Tower, MN 55790
Sherry Zupancich Anderson Vermilion Land Office Inc
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Why Live in Mountain Iron
Mountain Iron, MN, a historic mining community established in 1890, is known as the “Taconite Capital of the World” due to the presence of U.S. Steel’s Minntac facility. This small city is part of the Mesabi Iron Range, which includes the Quad Cities of Virginia, Eveleth, and Gilbert. Housing options range from early 1900s bungalows and Colonial Revivals in Old Town Mountain Iron to mid-1900s ranch-style and split-level homes in South Grove and West Virginia neighborhoods. Outdoor enthusiasts can enjoy the 132-mile Mesabi Trail, Locomotive Park, and various recreational activities at South Grove Recreation Complex. Former mining pits, such as Mott Pit, now serve as clear, trout-stocked lakes for swimming, fishing, and kayaking. Mountain Iron offers convenient shopping at Walmart and is close to additional retailers and dining options in nearby Virginia. Local favorites include Sawmill Saloon & Restaurant, Adventures Restaurant & Pub, and Other Guys Burgers. The Mountain Iron-Buhl Public Schools system, though small, boasts a competitive sports program, with the girls basketball team winning the state championship in 2023. Annual events like Merritt Days celebrate the city’s mining heritage. Major highways U.S. 169 and 53 provide access to Duluth, 70 miles away, and Canada, approximately 100 miles north.
Home Trends in Mountain Iron, MN
On average, homes in Mountain Iron, MN sell after 215 days on the market compared to the national average of 53 days. The median sale price for homes in Mountain Iron, MN over the last 12 months is $197,500, down 34% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$197,500
Median Single Family Sale Price
$249,500
Average Price Per Sq Ft
$144
Number of Homes for Sale
4
Last 12 months Home Sales
20
Months of Supply
2.40
Median List Price
$284,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-34%
Mountain Iron Types of Homes for Sale
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