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Is Cass Lake, MN 56633 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Cass Lake is a buyer’s market. With about 7.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply7.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list93.6%Sold price ÷ list price
Median days on market63Listing to accepted offer
Median price per sq ft$105▼ −42.3% vs. last year

The Cass Lake housing market right now

In the three months ending August 31, 2026, 0% of homes in Cass Lake, MN 56633 sold above their list price, the typical home went under contract in 63 days and there were 7.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 11 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold faster (145 days then) and the median sale price fell 22% to $259,888. Overall, Cass Lake is more competitive than a year ago, so tougher for buyers.

Within Cass County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Nearby, Remer 56672 (45% sold over asking) and Backus 56435 (33% sold over asking) are even more competitive.

Run the numbers for 56633

Prefilled for 56633Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56633Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Backus 56435Seller’s market $273 /sq ftBena 56626 — /sq ftFederal Dam 56641Seller’s market $212 /sq ftHackensack 56452Seller’s market $300 /sq ft Browse all markets →

Towns like Cass Lake nearby

Find towns like Cass Lake in other states →
Bagley, MN56621 · 39 miles away81% similarolder residents Blackduck, MN56630 · 27 miles away66% similarsmaller · older residents Redby, MN56670 · 39 miles away62% similarcheaper homes ($59K less) · smaller Bemidji, MN56601 · 18 miles away59% similarpricier homes ($95K more) · larger

Where Cass Lake is

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Questions about Cass Lake real estate

Is Cass Lake a buyer’s or seller’s market?

A buyer’s market: there were 7.6 months of supply in Cass Lake, MN 56633 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 Cass Lake?

The typical home went under contract in 63 days in the latest three months.

Do homes in Cass Lake sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 93.6% of the list price.

What are property taxes in Cass Lake?

About 0.56% of a home’s value a year in Cass County, or roughly $2,240 on a $400,000 home.

What is the median home price in Cass Lake?

The median sale price was $259,888 in the three months ending August 31, 2026, about $105 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