$1,425 Closing Credit*
$120,000
1,216 SqFt
2 Beds
•2 Full Baths
Eric Sams, Listing Office: Messina & Associates Real Estate
Is Gary / New Duluth, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Gary / New Duluth has remained a Seller's Market.
Key Takeaway
Gary / New Duluth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gary / New Duluth, MN
How much do homes in Gary / New Duluth, MN cost?
Median Sold Price
$206,000
$166/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$4,616(+2.3%)
Key Takeaway
Homes in Gary / New Duluth have sold for 2.3% more than they did a month ago.
Summary: The median home sold price in Gary / New Duluth was $206,000 in November 2024, up 2.3% from last month, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | - | N/A |
| 3 Bedrooms | $32K | $183K | +471.9% |
| 4 Bedrooms | - | $206K | N/A |
| 5+ Bedrooms | - | $285K | N/A |
Summary: Gary / New Duluth housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 471.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Morgan Park | $229K | $339.9K | +48.4% |
| Gary / New Duluth | $201.3K | $206K | +2.3% |
Housing Supply in Gary / New Duluth, MN
How many homes are available in Gary / New Duluth, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Summary: The Gary / New Duluth real estate market had 14 homes for sale in November 2024, a 17.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Gary / New Duluth housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gary / New Duluth, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Gary / New Duluth in November 2024, up by 25.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Gary / New Duluth, MN
How long does it take to sell a home in Gary / New Duluth, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 25 Days | +108.3% |
Summary: Homes in Gary / New Duluth had an average of 25 days on market in Nov 2024, up by 108.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gary / New Duluth are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Gary / New Duluth; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
