What is the typical home value in Duluth - MN?

The typical home in Duluth - MN, MN is worth $263,835 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by +5.2%.

How long do homes stay on the market in Duluth - MN?

The median days to pending (time on market before a sale) in Duluth - MN is currently 14 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Duluth - MN?

26.5% of active listings in Duluth - MN have had a price reduction. This is a signal of softening seller expectations relative to buyer demand.

Is it cheaper to rent or buy in Duluth - MN?

The price-to-rent ratio in Duluth - MN is 16.5x (typical home value divided by a year of typical rent), which puts it in toss-up on the Rent vs Buy Index. Typical rent is $1,329 a month versus a principal-and-interest mortgage payment of about $1,461 on the typical home at 7.4% with 20% down.

What income do you need to buy a home in Duluth - MN?

About $76,800 a year in household income, assuming 20% down ($52,767), a 30-year fixed mortgage at 7.4%, property tax and insurance, and a 28% payment-to-income cap. The monthly payment works out to about $1,791.

Is Duluth - MN a buyer's or seller's market?

Based on days-on-market, price-cut share, and year-over-year appreciation, Duluth - MN is currently a balanced market. Buyers should watch days-on-market and price-cut trends monthly.

MN · Metro #171

Duluth - MN housing market

The Duluth metro has a typical home value of $263,835, up 5.2% from a year ago. Homes are moving fast at 14 days on market, a strong seller's market. 26% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value

$263,835

+5.2% vs. year ago

Median sale price

$259,521

+3.7% YoY

Median list price

$321,600

Sale-to-list ratio

99.3%

Selling below ask

Days on market

14d

Listings w/ price cut

26.5%

New listings / mo

417

+6.1% YoY

Homes for sale

1,312

+12.1% YoY

Typical rent

$1,329/mo

+3.9% YoY

Income needed to buy

$76,800

$1,791/mo · #57 of 195

Rent vs buy

16.5x

Toss-up · #109 of 195

October 2026 report · Zillow data through September 2026

Duluth housing market, October 2026

The typical Duluth home is worth $263,835 as of September 2026, up 0.1% from the prior month, up 0.4% over three months, and up 5.2% from a year ago. Over the past two years values have ranged from $241,127 to $263,835.

Homes are going pending in about 14 days, slower than the 7 days seen three months earlier. There are roughly 1,312 homes for sale, 12% more than a year ago. 26.5% of listings have taken a price cut (up from 20.3% three months ago).

Typical rent is $1,329 a month, up 3.9% year over year, which puts the price-to-rent ratio at 16.5.

At this week's 7.40% mortgage rate with 20% down ($52,767), the typical Duluth home costs about $1,791 a month including tax and insurance, which needs a household income of roughly $76,800 to stay under a 28% payment-to-income ratio.

Typical home value, 24 months

Days to pending, 24 months

Homes for sale, 24 months

Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →

Context

How to read this data

The typical home value ($263,835) 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 5.2% over the past year. In Duluth - MN, that means a home worth $250,794 last year is now worth roughly $263,835.

The median sale price, what homes actually close for, is $259,521. Homes are selling at 99.3% of list price, meaning buyers have room to negotiate.

Homes listed in Duluth - MN sit on the market for roughly 14 days before going pending. Shorter = seller's market; longer = buyer's market.

About 26.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 417 new listings hit the market each month in Duluth - MN. There are currently 1,312 homes for sale, up 12.1% from a year ago.

The typical monthly rent in Duluth - MN is $1,329, up 3.9% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 16.5x, toss-up (#109 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,461 a month in principal and interest, $132 more than renting before taxes, insurance and upkeep. The two break even at a 6.46% rate.