Is Calumet, MN 55716 a buyer’s or seller’s market?
Calumet is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Calumet housing market right now
In the three months ending August 31, 2026, 0% of homes in Calumet, MN 55716 sold above their list price, the typical home went under contract in 55 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 was about the same (0% then), homes sold more slowly (48 days then) and the median sale price rose 19% to $148,436. Overall, Calumet is about as competitive as it was a year ago.
Within Itasca County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Effie 56639 (100% sold over asking) and Warba 55793 (60% sold over asking) are even more competitive.
Run the numbers for 55716
Nearby markets
Bigfork 56628Balanced $189 /sq ftBovey 55709Seller’s market $168 /sq ftCohasset 55721Seller’s market $221 /sq ftColeraine 55722Seller’s market $122 /sq ft Browse all markets →Where Calumet is
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Questions about Calumet real estate
Is Calumet a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Calumet, MN 55716 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Calumet?
The typical home went under contract in 55 days in the latest three months.
Do homes in Calumet sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.
What are property taxes in Calumet?
About 0.86% of a home’s value a year in Itasca County, or roughly $3,440 on a $400,000 home.
What is the median home price in Calumet?
The median sale price was $148,436 in the three months ending August 31, 2026, about $130 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