Market Intelligence Report — MN-WI-260

Duluth, MN-WI

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MN-WI-08
As of the latest 2026 data
Stabilizing

Median Listing

$350K
+9.4% YoY

Pending Ratio

0.51
-11.8% YoY

Active Inventory

905
+21.0% YoY

Median DOM

52 Days
+4.0% YoY

Primary Intelligence Tool — Sold Score™

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The Duluth market is currently in a stabilizing phase, with a pending ratio of 0.51 reflecting a more balanced absorption of available inventory. Active listings have expanded significantly, increasing by 21.0% over the past year, while the median listing price has demonstrated a 9.4% year-over-year growth.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

5.1%+0.4 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

281,219-0.0% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Duluth market right now.

Inventory levels have seen a notable increase, with active listings rising by 21.0% and new listings up 7.7% over the past year, contributing to increased choices for prospective buyers. Concurrently, the pending ratio has contracted by 11.8% year-over-year to 0.51, indicating a moderation in the pace of demand relative to supply. Despite these shifts, the median listing price has maintained upward momentum, appreciating by 9.4% over the past year, though it experienced a marginal month-over-month decline of 0.7%.

Darcie Novak
Darcie Novak
Independent

Local pricing and inventory dynamics across Duluth shift block by block — happy to walk through what's actually closing.

Historical Analysis

Market Trends

Median Price

$350K-0.7% MoM

Active Inventory

905+21.0% YoY

Days on Market

52+4.0% YoY

Sold Score™

58-11.8% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

58
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current market dynamics suggest a moderating pace of transactions, as evidenced by the pending ratio of 0.51, indicating that demand absorption is more aligned with available supply. The substantial year-over-year increase in active listings may introduce more inventory pressure, potentially encouraging greater price discipline on the part of sellers. Buyers may find an extended timeframe for consideration due to the expanded inventory.

Luxury Segment

Analysis of the higher price tiers indicates a divergence from the overall market trend. While the median listing price rose by 9.4% year-over-year, the average listing price increased by a more modest 2.3% over the same period. This suggests some softness at the upper end of the market, where pricing growth is not keeping pace with the broader median trends.

Supply Dynamics

905 active listings represent the current floor, with new supply arriving at roughly 392 per month.

Pricing Pressure
19.3%

of active listings carry a price reduction, +0.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +5.4% year-over-year.

Absorption
0.51

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Duluth, MN-WI? Inventory is up 21% from last year.

Duluth, MN-WI is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
51%
Median Days on Market
52 days
Inventory YoY
+21%

Duluth, MN-WI is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

Check my home's Sold Score

Talk to a local listing expert covering Duluth, MN-WI.

Darcie Novak

Independent

How these recommendations are chosen →

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Metro Demographics

Metro Area
Duluth, MN-WI
CBSA Code
20260
State
MN-WI

Vetted Local Practitioners

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Analysis FAQ
  • What is the current market condition in Duluth?+

    As of the latest 2026 data, the Duluth metro is classified as Stabilizing. Pending ratio is 0.51 with median days on market at 52.

  • Are home prices dropping in Duluth?+

    Median listing price is $350K, +9.4% year over year. 19.3% of active listings carry a price reduction.

  • How fast are homes selling in Duluth?+

    The typical listing sits 52 days on market, a +4.0% change YoY. New listings are arriving at 392 per month.

  • What's happening in the Duluth luxury market?+

    Analysis of the higher price tiers indicates a divergence from the overall market trend. While the median listing price rose by 9.4% year-over-year, the average listing price increased by a more modest 2.3% over the same period. This suggests some softness at the upper end of the market, where pricing growth is not keeping pace with the broader median trends.

  • Where can I find a trusted Duluth real estate expert?+

    Primpted maintains a vetted registry of Duluth agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 20260 · 36mo history