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COTTON, MN 55724

Real Estate Market Report  ·  Saint Louis County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
4
⇧ 100% vs 2 last year
Pending
2
50% pending ratio
Median Price
$295,000
⇩ 54.2% vs $644,000 last year
Average Price
$294,667
⇩ 54.2% vs $644,000 last year
Days on Market
154
⇩ 4.9% vs 162 days last year

Market Context

Population: 784  ·  Density: 1.2/mi²  ·  Median household income: $69,107

Typical home value: $183,027  ·  Homeownership: 92.6%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The COTTON, MN real estate market (55724) currently shows 4 active listings, with 2 pending sales. Homes are averaging 154 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 154 days on market compared to 162 days last year.

The median listing price has fallen 54.2% year-over-year, from $644,000 to $295,000.

Whether you are buying or selling in COTTON, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 2 last year
  • Days on market: 154 now vs 162 last year

Median & Average Pricing

Year over Year
  • Median: $295,000 (-54.2% YoY)
  • Average: $294,667 (-54.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 30.1 miles — 107 listings ($27,238,494 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55724Cotton, MN 557240.0 mi4$1,178,668$295,000$294,667
55763Makinen, MN 5576312.7 mi6$2,239,500$367,000$373,250
55734Eveleth, MN 5573415.2 mi16$2,909,216$148,067$181,826
55765Meadowlands, MN 5576518.3 mi2$734,800$367,400$367,400
55702Alborn, MN 5570219.2 mi1$250,000$250,000$250,000
55751Iron, MN 5575120.2 mi2$993,266$496,633$496,633
55602Brimson, MN 5560224.1 mi4$1,139,252$284,950$284,813
55708Biwabik, MN 5570824.7 mi3$491,400$172,500$163,800
55768Mountain Iron, MN 5576827.1 mi3$856,500$285,500$285,500
55812Duluth, MN 5581229.0 mi10$5,799,290$550,000$579,929
55810Duluth, MN 5581029.4 mi15$3,386,700$224,999$225,780
55792Virginia, MN 5579229.6 mi33$5,531,790$147,450$167,630
55750Hoyt Lakes, MN 5575030.1 mi8$1,728,112$159,900$216,014

Frequently Asked Questions

How many homes are for sale in COTTON, MN 55724?

As of January 2026, there are 4 active listings in COTTON, MN (zip code 55724), compared to 2 the prior year.

What is the median home price in COTTON, MN 55724?

The median listing price in COTTON, MN 55724 is $295,000 as of January 2026, a 54.2% decrease from $644,000 the prior year.

How long do homes stay on the market in COTTON, MN?

Homes in COTTON, MN 55724 spend an average of 154 days on the market before going under contract, compared to 162 days the prior year.

Is it a seller's or buyer's market in COTTON, MN 55724?

Based on current inventory and days-on-market data as of January 2026, COTTON, MN 55724 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 154 days on market compared to 162 days last year.

How much can I save on real estate commission in COTTON, MN?

With SELL123.com's maximum 3% commission, sellers in COTTON, MN 55724 save an estimated $5,900 compared to a typical 5% commission on the median listing price of $295,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.