Is Cloquet, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cloquet has remained a Seller's Market.
Key Takeaway
Cloquet is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cloquet, MN
How much do homes in Cloquet, MN cost?
Median Sold Price
$240,000
$153/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Cloquet have sold for 15.6% less than they did a month ago.
Summary: The median home sold price in Cloquet was $240,000 in April 2024, down 15.6% from last month, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $151K | N/A |
| 2 Bedrooms | $290K | - | N/A |
| 3 Bedrooms | $274.9K | $230K | -16.3% |
| 4 Bedrooms | $247.1K | $275K | +11.3% |
| 5+ Bedrooms | $450K | $312.5K | -30.6% |
Summary: Cloquet housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 16.3%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 30.6%.
Median Sold Price Compared To Nearby Cities
| Cloquet | $284.5K | $240K | -15.6% |
| Scanlon | $365.5K | $209K | -42.8% |
| Twin Lakes Township | $370K | $88.9K | -76.0% |
Housing Supply in Cloquet, MN
How many homes are available in Cloquet, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 52 | +18.2% |
Summary: The Cloquet real estate market had 52 homes for sale in April 2024, a 18.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 23 | 28 | +21.7% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Cloquet housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cloquet, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Cloquet in April 2024, down by 12.5% month-over-month. Of the 13 sold homes, 15% were sold under asking, 31% were sold at asking, and 54% were sold over asking.
Days on Market for Cloquet, MN
How long does it take to sell a home in Cloquet, MN?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 19 Days | -19.4% |
Summary: Homes in Cloquet had an average of 19 days on market in Apr 2024, down by 19.4% compared to last month.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cloquet are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Cloquet; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
