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Short Sale Listings in Duluth, MN 55805

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Living in Duluth, MN

Duluth, MN, is a charming city located on the shores of Lake Superior, known for its breathtaking views and outdoor activities. The city boasts a rich cultural scene with numerous amenities, including shopping, dining, and entertainment. Its proximity to nature makes it a popular choice for residents who enjoy an active lifestyle.

Current Market Conditions in Duluth, MN

The Duluth real estate market is currently experiencing a balanced phase, with steady demand and a healthy supply of homes. Average home prices have seen an upward shift over recent months, indicating a supportive market for sellers while still offering options for buyers.

As of late 2023, Duluth's property values have increased in key neighborhoods due to rising interest from both in-state and out-of-state buyers, attracted by the city's affordability compared to other regions.

Home Value Estimator For Duluth, MN

There are currently 37,428 real estate properties in Duluth, MN, with a median automated valuation model (AVM) price of $305,187.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Duluth, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Duluth, MN, is $346,675.00, with the most expensive house in Duluth, MN, topping out at $18,915,168.00 and the cheapest home in Duluth, MN, clocking in at $12,283.00. In other words, there’s something for every potential homebuyer or savvy investor in Duluth, MN!

Rent Prices In Duluth, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Duluth, MN, is on a rollercoaster ride. The average rent price in Duluth, MN, is $1,535.00. Indeed, when looking to rent in Duluth, MN, you can expect to pay as little as $560.00 or as much as $3,620.00, with the average rent median estimated to be $1,480.00. The good news is that finding an affordable and desirable property to rent in Duluth, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Duluth, MN 55805 Short Sale Listings


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