Current Housing Market Trends in Duluth, MN

Are you wondering how the housing market is currently looking in Duluth, MN?

“In August 2020, the median list price of homes in Duluth, MN was $225K, trending up 7.1% year-over-year. The median listing price per square foot was $142. The median sale price was $206K.”

We have had many sellers ask our thoughts on if we think the buying market will slow down soon. The answer is no; simply because inventory is at an all time low. We do not have enough houses coming to the market to keep up with the high demand of buyers in our area as well as surrounding areas.

Although the cold temps and looming snow fall may slow down buyers a bit, there will still be a demand for homes to come on the market. If you have been hesitant on selling but would like to know what your home could be worth, fill out the form below and schedule a complimentary CMA today!