Duluth, MN 55812 Real Estate Market Report

ZIP Code: 55812
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The housing market in Duluth, MN shows a median sold price of $317,600, reflecting a stable market with some price appreciation. This price indicates a strong demand relative to the available inventory, which remains constrained. The neighborhood has increased up since 2023, suggesting a positive trend in property values.

Market activity appears to be characterized by elevated inventory levels, with a median days on market of 300 days, indicating slower sales velocity. Despite the elevated interest rate pressure, which is currently elevated, the overall market temperature is described as neutral, suggesting a balance between buyer and seller expectations. This environment may create opportunities for buyers willing to navigate the longer transaction timelines.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $317,600 indicates a strong market performance, reflecting increasing buyer interest.

2. With a median days on market of 300, properties are experiencing slower sales velocity, which may affect liquidity.

3. The median listing price stands at $334,900, suggesting some pricing friction between seller expectations and market realities.

4. Rental demand remains robust, with a median market rent of $1,570, indicating growing interest in rental properties.

5. The overall market temperature is neutral, suggesting a balanced environment for both buyers and sellers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.