Duluth, MN 55812 Real Estate Market Report

ZIP Code: 55812
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for properties in the 55812 area are averaging 6.34%, which is consistent with the broader market trends observed throughout early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market value indicator is the median sold price of 317,000, which signals current transaction-level pricing in the ZIP and supports continued price appreciation in the near term; up price momentum is consistent with recent transaction trends.

2. Liquidity appears mixed: the median days on market is 319, which suggests slower sales velocity and may indicate pricing friction or longer marketing periods despite strong price trends; sellers should expect extended time to close compared with faster markets.

3. Unit-level pricing shows a median price per square foot of 208, providing a consistent basis for competitive pricing of single-family and condo listings; where asking prices diverge materially from this level, price adjustments may be required to achieve the median sold price.

4. Financing and macro context matter: interest rate pressure is elevated with local 30-year fixed rates averaging 6.34%, which may moderate buyer affordability even as market temperature remains hot; pricing strategies should account for rate sensitivity while noting rent is also rising (median market rent 1,550 and rent year-over-year trend is up).

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Notable Properties

The following 6 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.