Is Cohasset, MN 55721 a buyer’s or seller’s market?
Cohasset is a seller’s market. With about 1.8 months of supply and 35% 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.
More competitive than 56% of U.S. ZIP codes, and #222 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Cohasset housing market right now
In the three months ending August 31, 2026, 35% of homes in Cohasset, MN 55721 sold above their list price, the typical home went under contract in 40 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 21 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 27%, homes sold more slowly (26 days then) and the median sale price rose 4% to $399,827. Overall, Cohasset is more competitive than a year ago, so tougher for buyers.
Within Itasca County, homes here sell faster than in 69% of the county’s ZIP codes, and sell more often over asking than in 76%. On our competition score, Cohasset ranks #222 of 296 MN ZIP codes with enough sales (score 55 out of 100).
Nearby, buyers who want less competition could look at Wirt 56688 (0% sold over asking) or Marcell 56657 (0% sold over asking), while Effie 56639 (100% sold over asking) and Warba 55793 (60% sold over asking) are even more competitive.
Run the numbers for 55721
Nearby markets
Bigfork 56628Balanced $189 /sq ftBovey 55709Seller’s market $168 /sq ftCalumet 55716Seller’s market $130 /sq ftColeraine 55722Seller’s market $122 /sq ft Browse all markets →Towns like Cohasset nearby
Find towns like Cohasset in other states →Where Cohasset is
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Questions about Cohasset real estate
Is Cohasset a buyer’s or seller’s market?
A seller’s market: there were 1.8 months of supply in Cohasset, MN 55721 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 Cohasset?
The typical home went under contract in 40 days in the latest three months.
Do homes in Cohasset sell over asking?
35% of homes sold above their original list price, and the typical sale closed at 95.7% of the list price.
What are property taxes in Cohasset?
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 Cohasset?
The median sale price was $399,827 in the three months ending August 31, 2026, about $221 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