Is Cromwell, MN 55726 a buyer’s or seller’s market?
Cromwell is a seller’s market. With about 0.5 months of supply and 17% 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 Cromwell housing market right now
In the three months ending August 31, 2026, 17% of homes in Cromwell, MN 55726 sold above their list price, the typical home went under contract in 29 days and there were 0.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 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 20%, homes sold faster (40 days then) and the median sale price rose 37% to $323,610. Overall, Cromwell is about as competitive as it was a year ago.
Within Carlton County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in 78%.
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 55726
Nearby markets
Barnum 55707Seller’s market $189 /sq ftCarlton 55718Seller’s market $198 /sq ftCloquet 55720Seller’s market $204 /sq ftEsko 55733Seller’s market $229 /sq ft Browse all markets →Towns like Cromwell nearby
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Questions about Cromwell real estate
Is Cromwell a buyer’s or seller’s market?
A seller’s market: there were 0.5 months of supply in Cromwell, MN 55726 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 Cromwell?
The typical home went under contract in 29 days in the latest three months.
Do homes in Cromwell sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 97.0% of the list price.
What are property taxes in Cromwell?
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 Cromwell?
The median sale price was $323,610 in the three months ending August 31, 2026, about $246 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