Market Intelligence Report — MN-WI-260

Duluth, MN-WI

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

Ref. No: 2026-MN-WI-09
As of the latest 2026 data
Stabilizing

Median Listing

$339K
+7.7% YoY

Pending Ratio

0.45
-12.0% YoY

Active Inventory

910
+20.6% YoY

Median DOM

59 Days
+10.4% YoY

Primary Intelligence Tool — Sold Score™

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The housing market in the metro area is stabilizing, with the median listing price showing a modest year-over-year increase of 7.7% despite a month-over-month decline of 3.1%. Active listings have grown significantly, rising 20.6% year-over-year, indicating an increase in available supply. This suggests a market finding equilibrium after a period of fluctuation.

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

4.6%+0.7 pp YoY

Unemployment rate · Sep 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 continues to expand, with active listings up 20.6% year-over-year and new listings increasing by 10.7% over the same period. While the median listing price shows a positive year-over-year trend at 7.7%, there was a recent month-over-month contraction of 3.1%. Demand, as indicated by the pending ratio, has adjusted, registering at 0.45, a decrease of 12.0% year-over-year, which reflects a moderation in absorption dynamics.

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

$339K-3.1% MoM

Active Inventory

910+20.6% YoY

Days on Market

59+10.4% YoY

Sold Score™

59-12.0% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

59
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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 market exhibits a more measured pace of transactions, with the pending ratio at 0.45 indicating a balanced absorption of available supply. Increased inventory levels, evidenced by a 20.6% year-over-year rise in active listings, are alleviating pressure on available homes. This suggests that price discipline may be increasing as the market accommodates expanded supply.

Luxury Segment

The average listing price declined 1.3% year-over-year, while the median listing price increased 7.7% over the same period, contributing to an elevated average-to-median price spread. This disparity, alongside a 4.8% year-over-year increase in median $/sqft, suggests a nuanced dynamic at the higher price tiers, potentially indicating a softening at the very top of the market while the middle tier holds value.

Supply Dynamics

910 active listings represent the current floor, with new supply arriving at roughly 352 per month.

Pricing Pressure
20.0%

of active listings carry a price reduction, +0.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +4.8% year-over-year.

Absorption
0.45

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Duluth, MN-WI? Homes here are taking 6 days longer to sell than last year.

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

Buyer Demand Index
45%
Median Days on Market
59 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 →

The Monthly Briefing

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Metro Demographics

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

ZIPs in Duluth, MN-WI

Sorted by active inventory · click a ZIP for its full report

Vetted Local Practitioners

Direct Consultation

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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 0.45 with median days on market at 59.

  • Are home prices dropping in Duluth?+

    Median listing price is $339K, +7.7% year over year. 20.0% of active listings carry a price reduction.

  • How fast are homes selling in Duluth?+

    The typical listing sits 59 days on market, a +10.4% change YoY. New listings are arriving at 352 per month.

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

    The average listing price declined 1.3% year-over-year, while the median listing price increased 7.7% over the same period, contributing to an elevated average-to-median price spread. This disparity, alongside a 4.8% year-over-year increase in median $/sqft, suggests a nuanced dynamic at the higher price tiers, potentially indicating a softening at the very top of the market while the middle tier holds value.

  • 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