MN · Metro #171

Duluth - MN housing market

The Duluth metro has a typical home value of $259,065, up 6.8% from a year ago. Homes are moving fast at 10 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$259,065
+6.8% vs. year ago
Median sale price
$243,283
+8.6% YoY
Median list price
$284,750
Sale-to-list ratio
97.5%
Selling below ask
Days on market
10d
Listings w/ price cut
14.8%
New listings / mo
300
+14.9% YoY
Homes for sale
763
+16.7% YoY
Typical rent
$1,461/mo
+3.5% YoY
Context

How to read this data

The typical home value ($259,065) is the Zillow Home Value Index for the Duluth - MN metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 6.8% over the past year. In Duluth - MN, that means a home worth $242,570 last year is now worth roughly $259,065.

The median sale price , what homes actually close for , is $243,283. Homes are selling at 97.5% of list price, meaning buyers have room to negotiate.

Homes listed in Duluth - MN sit on the market for roughly 10 days before going pending. Shorter = seller's market; longer = buyer's market.

About 14.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 300 new listings hit the market each month in Duluth - MN. There are currently 763 homes for sale, up 16.7% from a year ago.

The typical monthly rent in Duluth - MN is $1,461, up 3.5% year over year. For investors, the price-to-rent ratio here is roughly 15x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in MN

MetroHome value1-yr changeDays on market
Minneapolis - MN$391,192 +2.1% 20.0d
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