$3,266 Closing Credit*
$275,000
1,735 SqFt
3 Beds
•1 Full Bath
Brenda Uotinen, Listing Office: Bachand Realty
Is Duluth Township, 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 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
$305,400
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,650(+9.2%)
Key Takeaway
Homes in Duluth Township have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Duluth Township was $305,400 in October 2024, up 9.2% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120.5K | $198.7K | +64.9% |
| 2 Bedrooms | $251K | $236.4K | -5.8% |
| 3 Bedrooms | $267.2K | $304.9K | +14.1% |
| 4 Bedrooms | $373.7K | $430K | +15.1% |
| 5+ Bedrooms | $349.4K | $480K | +37.4% |
Summary: Duluth Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.9%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 37.4%.
Median Sold Price Compared To Nearby Cities
| Duluth Township | $279.7K | $305.4K | +9.2% |
| Alden Township | $180K | $97K | -46.1% |
Housing Supply in Duluth Township, MN
How many homes are available in Duluth Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 442 | 446 | +0.9% |
Summary: The Duluth Township real estate market had 446 homes for sale in October 2024, a 0.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 11 | -8.3% |
| 2 Bedrooms | 81 | 82 | +1.2% |
| 3 Bedrooms | 210 | 198 | -5.7% |
| 4 Bedrooms | 98 | 113 | +15.3% |
| 5+ Bedrooms | 41 | 42 | +2.4% |
Summary: The Duluth Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 122 | 140 | +14.8% |
Asking Price vs. Sold Price
62 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
50 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. 47.3% of homes here sold below asking price last month.
Summary: A total of 140 homes were sold or pending in Duluth Township in October 2024, up by 14.8% month-over-month. Of the 131 sold homes, 47% were sold under asking, 15% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 23 Days | -28.7% |
Summary: Homes in Duluth Township had an average of 23 days on market in Oct 2024, down by 28.7% compared to last year.
Breakdown of Home Sale Times
103 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
9 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 October 2024, 140 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.
