MN · Metro #171

Duluth - MN housing market

The Duluth metro has a typical home value of $268,805, up 6.4% from a year ago. Homes are moving fast at 7 days on market, a strong seller's market. 20% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$268,805
+6.4% vs. year ago
Median sale price
$245,145
+6.3% YoY
Median list price
$319,967
Sale-to-list ratio
99.0%
Selling below ask
Days on market
7d
Listings w/ price cut
20.3%
New listings / mo
494
+10.0% YoY
Homes for sale
1,095
+16.0% YoY
Typical rent
$1,342/mo
+3.2% YoY
Context

How to read this data

The typical home value ($268,805) 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 6.4% over the past year. In Duluth - MN, that means a home worth $252,636 last year is now worth roughly $268,805.

The median sale price , what homes actually close for , is $245,145. Homes are selling at 99.0% of list price, meaning buyers have room to negotiate.

Homes listed in Duluth - MN sit on the market for roughly 7 days before going pending. Shorter = seller's market; longer = buyer's market.

About 20.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 494 new listings hit the market each month in Duluth - MN. There are currently 1,095 homes for sale, up 16.0% from a year ago.

The typical monthly rent in Duluth - MN is $1,342, up 3.2% year over year. For investors, the price-to-rent ratio here is roughly 17x 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$395,726 +2.1% 17.0d
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