Is Cook, MN 55723 a buyer’s or seller’s market?
Cook is a buyer’s market. With about 8.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Cook housing market right now
In the three months ending August 31, 2026, 11% of homes in Cook, MN 55723 sold above their list price, the typical home went under contract in 33 days and there were 8.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 6%, homes sold faster (45 days then) and the median sale price fell 21% to $150,935. Overall, Cook is more competitive than a year ago, so tougher for buyers.
Within St. Louis County, homes here sell more slowly than in 53% of the county’s ZIP codes, and sell less often over asking than in 64%.
Nearby, buyers who want less competition could look at Soudan 55782 (0% sold over asking) or Orr 55771 (0% sold over asking), while Angora 55703 (100% sold over asking) and Buhl 55713 (100% sold over asking) are even more competitive.
Run the numbers for 55723
Nearby markets
Alborn 55702 — /sq ftAngora 55703Buyer’s market $121 /sq ftAurora 55705Balanced $129 /sq ftBabbitt 55706Seller’s market $91 /sq ft Browse all markets →Towns like Cook nearby
Find towns like Cook in other states →Where Cook is
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Questions about Cook real estate
Is Cook a buyer’s or seller’s market?
A buyer’s market: there were 8.9 months of supply in Cook, MN 55723 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 Cook?
The typical home went under contract in 33 days in the latest three months.
Do homes in Cook sell over asking?
11% of homes sold above their original list price, and the typical sale closed at 95.0% of the list price.
What are property taxes in Cook?
About 1.03% of a home’s value a year in St. Louis County, or roughly $4,120 on a $400,000 home.
What is the median home price in Cook?
The median sale price was $150,935 in the three months ending August 31, 2026, about $307 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