Duluth, MN Housing Market

Duluth, MN's median home value is $264K, up 11.8% over the past year. Homes here sell in a median 38 days. Its PropertyIQ Score of 93 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.

Understanding the Duluth, MN housing market requires looking beyond headline price figures. The PropertyIQ Score reads both sides of market strength: Zillow price momentum across 3- and 12-month windows, and Realtor.com flow signals — days on market and the share of listings with price cuts. Together they predict how this MN metro is set to perform relative to the rest of its state.

Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Duluth, MN's PropertyIQ Score of 93 ranks among the Midwest's stronger demand signals.

For the Duluth, MN market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets.

Use PropertyIQ's interactive analytics to compare Duluth, MN against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.