Is Duluth Township, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Duluth Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Duluth Township has remained a Seller's Market.

Key Takeaway

Duluth Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$9,833(+3.8%)

Key Takeaway

Homes in Duluth Township have sold for 3.8% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $189.9K$135K
-28.9%
2 $209.9K$230K
+9.6%
3 $269.5K$262.2K
-2.7%
4 $350.9K$375K
+6.9%
5+ $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 2024Mar 2024CHANGE
201226+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

# BEDSFeb 2024Mar 2024CHANGE
1 25
+150.0%
2 5248
-7.7%
3 95105
+10.5%
4 3949
+25.6%
5+ 1319
+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 2024Mar 2024CHANGE
5867+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Duluth Township, you may be able to get a good deal. 39.7% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
27 Days18 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Duluth Township are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Duluth Township, MN

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