Duluth Township Housing Market Report January 2025Saint Louis County, Minnesota

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Housing Prices in Duluth Township, MN

How much do homes in Duluth Township, MN cost?

Housing Market Conditions

Is Duluth Township, MN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Duluth Township is a Seller's Market

Difference Since January 2024

Since last year, Duluth Township has remained a Seller's Market.

Insight

Duluth Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$300,000$189/SqFt
+$13,500
+4.7%

Based on all homes sold in the last 12 months

Insight

Homes in Duluth Township have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Duluth Township was $300,000 in January 2025, up 4.7% from last year, and the median price per square foot was $189.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$120.5K$187.5K
+55.6%
2$230K$238K
+3.5%
3$269.7K$295.5K
+9.5%
4$385K$425K
+10.4%
5$348.9K$420K
+20.4%

Summary: Duluth Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +55.6%. The home price for 2 bedroom homes increased by +3.5%. The home price for 3 bedroom homes increased by +9.5%. The home price for 4 bedroom homes increased by +10.4%. The home price for 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

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
241Last MonthJan 2025
2612 months agoDec 2024
-7.7 %
Change MoMDec – Jan

Summary: The Duluth Township real estate market had 241 homes for sale in Jan 2025, a 7.7 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
81Last MonthJan 2025
932 months agoDec 2024
-12.9 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
198
-11.1%
24746
-2.1%
3124116
-6.5%
46347
-25.4%
51824
+33.3%

Summary: Duluth Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -11.1%. The inventory for 2 bedroom homes decreased by -2.1%. The inventory for 3 bedroom homes decreased by -6.5%. The inventory for 4 bedroom homes decreased by -25.4%. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in Duluth Township, MN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price21 Homes

At Asking Price14 Homes

Under Asking Price41 Homes

Insight

If you're buying a home in Duluth Township, you may be able to get a good deal. 53.9% of homes here sold below asking price last month.

Summary: A total of 81 homes were sold or pending in Duluth Township in January 2025, down by 12.9% month-over-month. Of the 76 sold homes, 54% were sold under asking, 18% were sold at asking, and and 28% were sold over asking.

Days on Market for Duluth Township, MN

How long does it take to sell a home in Duluth Township, MN?

Breakdown of Home Sale Times

Under 30 Days44 Homes

30 – 90 Days27 Homes

Over 90 Days10 Homes

Insight

Many homes in Duluth Township are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 81 homes were sold in Duluth Township; 54% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
37 DaysThis YearJan 2025
34 Days1 year agoJan 2024
+9.4 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Duluth Township had an average listing age of 37 days in Jan 2025, up by 9.4% compared to the previous year.

Newest Listings in Duluth Township, MN

What homes are available in Duluth Township, MN?

Nearby markets

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Based on information from Lake Superior Area MLS, and NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 02/01/2023 - 02/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 6:22:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.