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Foreclosure Homes in Hermantown, MN 55811

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Hermantown, MN Foreclosures

Current Market Conditions in in Hermantown, MN As of February 2026?
In the past month, Hermantown's real estate market has seen a slight uptick in home prices, with average listings increasing by about 5%. The demand for family homes remains strong, and many properties are receiving multiple offers shortly after being listed, pointing towards a favorable market for sellers.
How much do homes sell for in Hermantown, MN?
The average home price is currently $404,737.
In Hermantown, MN, how many homes are available?
There are currently 5 active home listings available in Hermantown.
What’s the average rental cost in Hermantown, MN?
The average rental price in Hermantown is $1,803.
What is the most expensive home in Hermantown?
The most expensive home sold in Hermantown had a price of $4,121,351.
What is currently the cheapest priced home in Hermantown, MN?
The cheapest home for sale in Hermantown is priced at $16,879.

Living in Hermantown, MN

Hermantown, Minnesota is a suburb of Duluth known for its excellent schools and parks. It's ideal for families seeking a friendly community with access to outdoor activities. With easy access to the big city amenities of Duluth, Hermantown combines suburban charm with practicality.

Buyer vs Seller Market in Hermantown, MN

The real estate market in Hermantown has shown steady growth over the past year. Demand for housing has increased, driven by a combination of new families moving into the area and interest from those seeking larger homes with access to outdoor spaces. Homes are selling faster compared to previous years, indicating a competitive market.

Home Value Estimator For Hermantown, MN

There are currently 3,344 real estate properties in Hermantown, MN, with a median automated valuation model (AVM) price of $374,658.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hermantown, 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 Hermantown, MN, is $404,737.00, with the most expensive house in Hermantown, MN, topping out at $4,121,351.00 and the cheapest home in Hermantown, MN, clocking in at $16,879.00. In other words, there’s something for every potential homebuyer or savvy investor in Hermantown, MN!

Rent Prices In Hermantown, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hermantown, MN, is on a rollercoaster ride. The average rent price in Hermantown, MN, is $1,803.00. Indeed, when looking to rent in Hermantown, MN, you can expect to pay as little as $680.00 or as much as $3,220.00, with the average rent median estimated to be $1,780.00. The good news is that finding an affordable and desirable property to rent in Hermantown, 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.

Hermantown, MN 55811 Foreclosures

Market Trend for Hermantown, MN

Total Listings Available: 5

Market Values:

Home Prices from $16,879 to $4,121,351

Average Sales Price: $404,737

Rental Values:

Rental from $680 to $3,220

Average Rent Value: $1,803 / month

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