$2,730 Closing Credit*
$229,900
1,035 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Results - Duluth (Main)
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
Last month, Gary / New Duluth was a Buyer'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
$201,384
$159/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$56,384(+38.9%)
Key Takeaway
Homes in Gary / New Duluth have sold for 38.9% more than they did a month ago.
Summary: The median home sold price in Gary / New Duluth was $201,384 in October 2024, up 38.9% from last month, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $145K | $210K | +44.8% |
| 3 Bedrooms | - | $32K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Gary / New Duluth housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44.8%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Gary / New Duluth | $145K | $201.3K | +38.9% |
| Morgan Park | $239K | $229K | -4.2% |
| Smithville | $350K | $260K | -25.7% |
Housing Supply in Gary / New Duluth, MN
How many homes are available in Gary / New Duluth, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The Gary / New Duluth real estate market had 15 homes for sale in October 2024, a 11.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Gary / New Duluth 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 22.2%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 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. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Gary / New Duluth in October 2024, up by 500.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 Days | 17 Days | -79.9% |
Summary: Homes in Gary / New Duluth had an average of 17 days on market in Oct 2024, down by 79.9% compared to last month.
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 Gary / New Duluth are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Gary / New Duluth; 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.
