Duluth, MN 55812 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

Key Findings

1. The neighborhood valuation is best anchored by the median sold price 319,200 as the primary indicator of market value and recent transaction activity; this representative recent sale level, combined with a neutral market temperature, suggests current pricing is stable rather than rapidly accelerating or collapsing.
2. Liquidity appears slow: the median days on market 385 points to slower sales velocity, which may indicate more negotiation time and greater sensitivity to pricing gaps rather than immediate buyer competition.
3. Price signal and rent trends are supportive but measured: the median price per square foot 203 alongside a median market rent 1,450 and a rising price year-over-year trend implies continued, moderate appreciation while rent growth (rent year-over-year trend up) supports owner-occupier and investor demand.
4. Interest rate pressure is moderate and the market temperature is neutral, so expect a balanced transaction environment—pricing friction and relatively constrained active supply in the analyzed sample may persist, suggesting sellers should set realistic expectations and buyers should allow for longer decision timelines.

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.