Is Kettle River, MN 55757 a buyer’s or seller’s market?
Kettle River is a seller’s market. With about 1.4 months of supply and 56% 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 Kettle River housing market right now
In the three months ending August 31, 2026, 56% of homes in Kettle River, MN 55757 sold above their list price, the typical home went under contract in 21 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 33%, homes sold more slowly (15 days then) and the median sale price rose 43% to $264,885. Overall, Kettle River is more competitive than a year ago, so tougher for buyers.
Within Carlton County, homes here sell faster than in 56% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Wright 55798 (0% sold over asking) or Wrenshall 55797 (0% sold over asking).
Run the numbers for 55757
Nearby markets
Barnum 55707Seller’s market $189 /sq ftCarlton 55718Seller’s market $198 /sq ftCloquet 55720Seller’s market $204 /sq ftCromwell 55726Seller’s market $246 /sq ft Browse all markets →Where Kettle River is
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Questions about Kettle River real estate
Is Kettle River a buyer’s or seller’s market?
A seller’s market: there were 1.4 months of supply in Kettle River, MN 55757 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 Kettle River?
The typical home went under contract in 21 days in the latest three months.
Do homes in Kettle River sell over asking?
56% of homes sold above their original list price, and the typical sale closed at 98.3% of the list price.
What are property taxes in Kettle River?
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 Kettle River?
The median sale price was $264,885 in the three months ending August 31, 2026, about $177 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