Is Duluth Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Duluth Township has remained a Seller's Market.
Housing Prices in Duluth Township, MN
How much do homes in Duluth Township, MN cost?
Median Sold Price
$271,833
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Duluth Township was $271,833 in March 2024, up 3.8% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $189.9K | $135K | -28.9% |
2 Bedrooms | $209.9K | $230K | +9.6% |
3 Bedrooms | $269.5K | $262.2K | -2.7% |
4 Bedrooms | $350.9K | $375K | +6.9% |
5+ Bedrooms | $395K | $407K | +3.0% |
Summary: Duluth Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.9%, 2 bedroom homes increased by 9.6%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 3%.
Housing Supply in Duluth Township, MN
How many homes are available in Duluth Township, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
201 | 226 | +12.4% |
Summary: The Duluth Township real estate market had 226 homes for sale in March 2024, a 12.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 52 | 48 | -7.7% |
3 Bedrooms | 95 | 105 | +10.5% |
4 Bedrooms | 39 | 49 | +25.6% |
5+ Bedrooms | 13 | 19 | +46.2% |
Summary: The Duluth Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes increased by 46.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 67 | +15.5% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Duluth Township in March 2024, up by 15.5% month-over-month. Of the 63 sold homes, 40% were sold under asking, 21% were sold at asking, and 40% were sold over asking.
Days on Market for Duluth Township, MN
How long does it take to sell a home in Duluth Township, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 18 Days | -33.1% |
Summary: Homes in Duluth Township had an average of 18 days on market in Mar 2024, down by 33.1% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 67 homes were sold in Duluth Township; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.