$2,375 Closing Credit*
$200,000
1,496 SqFt
2 Beds
•1 Full Bath
Reed Elling, Listing Office: RE/MAX Results
Is Duluth Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$305,357
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,857(+9.3%)
Key Takeaway
Homes in Duluth Township have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Duluth Township was $305,357 in November 2024, up 9.3% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120.5K | $212.5K | +76.3% |
| 2 Bedrooms | $250K | $237.9K | -4.8% |
| 3 Bedrooms | $265K | $303.5K | +14.5% |
| 4 Bedrooms | $382.5K | $430K | +12.4% |
| 5+ Bedrooms | $348.9K | $420K | +20.4% |
Summary: Duluth Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.3%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 20.4%.
Housing Supply in Duluth Township, MN
How many homes are available in Duluth Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 448 | 357 | -20.3% |
Summary: The Duluth Township real estate market had 357 homes for sale in November 2024, a 20.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 6 | -45.5% |
| 2 Bedrooms | 84 | 66 | -21.4% |
| 3 Bedrooms | 199 | 169 | -15.1% |
| 4 Bedrooms | 114 | 83 | -27.2% |
| 5+ Bedrooms | 40 | 33 | -17.5% |
Summary: The Duluth Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 45.5%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 15.1%, 4 bedroom homes decreased by 27.2%, and 5+ bedroom homes decreased by 17.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 141 | 124 | -12.1% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Duluth Township, you may be able to get a good deal. 43.6% of homes here sold below asking price last month.
Summary: A total of 124 homes were sold or pending in Duluth Township in November 2024, down by 12.1% month-over-month. Of the 117 sold homes, 44% were sold under asking, 25% were sold at asking, and 32% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 25 Days | +18.2% |
Summary: Homes in Duluth Township had an average of 25 days on market in Nov 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
92 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Duluth Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 124 homes were sold in Duluth Township; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
