$856 Closing Credit*
$72,080
1,127 SqFt
4 Beds
•2 Full Baths
Listing Office: REALHome Services and Solutions, Inc.
Is Cloquet, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$251,500
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,500(+0.6%)
Key Takeaway
Homes in Cloquet have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Cloquet was $251,500 in November 2024, up 0.6% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $165K | N/A |
| 2 Bedrooms | $176K | $210K | +19.3% |
| 3 Bedrooms | $262K | $258.5K | -1.3% |
| 4 Bedrooms | $350.4K | $318.5K | -9.1% |
| 5+ Bedrooms | - | $550K | N/A |
Summary: Cloquet housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 9.1%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 83 | -11.7% |
Summary: The Cloquet real estate market had 83 homes for sale in November 2024, a 11.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 25 | 31 | +24.0% |
| 3 Bedrooms | 53 | 38 | -28.3% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Cloquet housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 24%, 3 bedroom homes decreased by 28.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 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. 38.9% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Cloquet in November 2024, down by 14.3% month-over-month. Of the 18 sold homes, 33% were sold under asking, 28% were sold at asking, and 39% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 42 Days | +229.9% |
Summary: Homes in Cloquet had an average of 42 days on market in Nov 2024, up by 229.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 18 homes were sold in Cloquet; 61% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
