Search Results in Duluth, MN

Buyer vs Seller Market in Duluth, MN

In Duluth, the real estate market has shown resilience amidst fluctuating economic conditions. The demand for homes has remained relatively strong as buyers are drawn to the city's scenic surroundings and recreational opportunities. Market activity indicates a healthy balance between buyers and sellers, with new listings often receiving multiple offers.

As remote work options have increased, more individuals from urban areas are considering a move to Duluth, driving competition for desirable properties. Homes near Lake Superior and those with larger lot sizes are particularly sought after, contributing to a steady appreciation in home values.

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 $1,470.00. 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.