Is Coleraine, MN 55722 a buyer’s or seller’s market?

The Coleraine housing market right now

In the three months ending August 31, 2026, 29% of homes in Coleraine, MN 55722 sold above their list price, the typical home went under contract in 42 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 60%, homes sold faster (47 days then) and the median sale price fell 12% to $188,918. Overall, Coleraine is less competitive than a year ago, which gives buyers more room.

Within Itasca County, homes here sell faster than in 56% of the county’s ZIP codes, and sell more often over asking than in 59%.

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.