Is Carlton, MN 55718 a buyer’s or seller’s market?
Carlton is a seller’s market. With about 0.7 months of supply and 38% 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 Carlton housing market right now
In the three months ending August 31, 2026, 38% of homes in Carlton, MN 55718 sold above their list price, the typical home went under contract in 26 days and there were 0.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 57%, homes sold faster (41 days then) and the median sale price rose 20% to $389,831. Overall, Carlton is less competitive than a year ago, which gives buyers more room.
Within Carlton County, homes here sell more slowly than in 56% of the county’s ZIP codes, and sell more often over asking than in 56%.
Nearby, buyers who want less competition could look at Wright 55798 (0% sold over asking) or Wrenshall 55797 (0% sold over asking), while Kettle River 55757 (56% sold over asking) and Cloquet 55720 (53% sold over asking) are even more competitive.
Run the numbers for 55718
Nearby markets
Barnum 55707Seller’s market $189 /sq ftCloquet 55720Seller’s market $204 /sq ftCromwell 55726Seller’s market $246 /sq ftEsko 55733Seller’s market $229 /sq ft Browse all markets →Towns like Carlton nearby
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Questions about Carlton real estate
Is Carlton a buyer’s or seller’s market?
A seller’s market: there were 0.7 months of supply in Carlton, MN 55718 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 Carlton?
The typical home went under contract in 26 days in the latest three months.
Do homes in Carlton sell over asking?
38% of homes sold above their original list price, and the typical sale closed at 101.5% of the list price.
What are property taxes in Carlton?
About 1.17% of a home’s value a year in Carlton County, or roughly $4,680 on a $400,000 home.
What is the median home price in Carlton?
The median sale price was $389,831 in the three months ending August 31, 2026, about $198 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