$4,156 Closing Credit*
$350,000
2,352 SqFt
Crystal Beaupre, Listing Office: Adolphson Real Estate - Cloquet
Is Cloquet, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 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
$245,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,500(-1.0%)
Key Takeaway
Homes in Cloquet have sold for 1% less than they did a year ago.
Summary: The median home sold price in Cloquet was $245,000 in October 2024, down 1% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $165K | N/A |
| 2 Bedrooms | $162.9K | $203K | +24.6% |
| 3 Bedrooms | $255.5K | $252K | -1.4% |
| 4 Bedrooms | $347.9K | $315K | -9.5% |
| 5+ Bedrooms | - | $393.5K | N/A |
Summary: Cloquet housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.6%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes did not change.
Housing Supply in Cloquet, MN
How many homes are available in Cloquet, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 96 | +33.3% |
Summary: The Cloquet real estate market had 96 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 26 | +44.4% |
| 3 Bedrooms | 38 | 53 | +39.5% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Cloquet housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 39.5%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 21 | +110.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cloquet, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Cloquet in October 2024, up by 110.0% month-over-month. Of the 21 sold homes, 57% were sold under asking, 19% were sold at asking, and 24% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 29 Days | -23.4% |
Summary: Homes in Cloquet had an average of 29 days on market in Oct 2024, down by 23.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cloquet are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in Cloquet; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
