Is Cloquet, MN 55720 a buyer’s or seller’s market?

The Cloquet housing market right now

In the three months ending August 31, 2026, 53% of homes in Cloquet, MN 55720 sold above their list price, the typical home went under contract in 18 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 72 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 44%, homes sold faster (31 days then) and the median sale price rose 5% to $289,875. Overall, Cloquet is more competitive than a year ago, so tougher for buyers.

Within Carlton County, homes here sell faster than in 89% of the county’s ZIP codes, and sell more often over asking than in 89%. On our competition score, Cloquet ranks #9 of 296 MN ZIP codes with enough sales (score 90 out of 100).

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) is even more competitive.