MN · Metro #171

Duluth - MN housing market

The Duluth metro has a typical home value of $264,350, up 6.6% from a year ago. Homes are moving fast at 7 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$264,350
+6.6% vs. year ago
Median sale price
$242,570
+5.2% YoY
Median list price
$304,583
Sale-to-list ratio
98.3%
Selling below ask
Days on market
7d
Listings w/ price cut
17.4%
New listings / mo
421
+12.3% YoY
Homes for sale
925
+18.0% YoY
Typical rent
$1,381/mo
+3.7% YoY
Context

How to read this data

The typical home value ($264,350) 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 6.6% over the past year. In Duluth - MN, that means a home worth $247,983 last year is now worth roughly $264,350.

The median sale price , what homes actually close for , is $242,570. Homes are selling at 98.3% 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 17.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 421 new listings hit the market each month in Duluth - MN. There are currently 925 homes for sale, up 18.0% from a year ago.

The typical monthly rent in Duluth - MN is $1,381, up 3.7% year over year. For investors, the price-to-rent ratio here is roughly 16x 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$393,774 +2.1% 17.0d
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