$3,266 Closing Credit*
$275,000
1,735 SqFt
3 Beds
•1 Full Bath
Brenda Uotinen, Listing Office: Bachand Realty
Is Duluth Heights, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Duluth Heights has remained a Seller's Market.
Key Takeaway
Duluth Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Duluth Heights, MN
How much do homes in Duluth Heights, MN cost?
Median Sold Price
$342,500
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$70,000(+25.7%)
Key Takeaway
Homes in Duluth Heights have sold for 25.7% more than they did a year ago.
Summary: The median home sold price in Duluth Heights was $342,500 in October 2024, up 25.7% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $350K | N/A |
| 2 Bedrooms | $284.8K | $341.5K | +19.9% |
| 3 Bedrooms | $261.2K | $325K | +24.4% |
| 4 Bedrooms | $448.7K | $595K | +32.6% |
| 5+ Bedrooms | $465K | $284K | -38.9% |
Summary: Duluth Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.9%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 32.6%, and 5+ bedroom homes decreased by 38.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Duluth Heights | $272.5K | $342.5K | +25.7% |
| Piedmont Heights | $269.5K | $292.5K | +8.5% |
| East Hillside | $213K | $205K | -3.8% |
Housing Supply in Duluth Heights, MN
How many homes are available in Duluth Heights, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 23 | -28.1% |
Summary: The Duluth Heights real estate market had 23 homes for sale in October 2024, a 28.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 7 | -36.4% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Duluth Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 36.4%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 6 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Duluth Heights, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Duluth Heights in October 2024, down by 60.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Duluth Heights, MN
How long does it take to sell a home in Duluth Heights, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 11 Days | +79.5% |
Summary: Homes in Duluth Heights had an average of 11 days on market in Oct 2024, up by 79.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Duluth Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Duluth Heights; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
