Aug 2026
$309K
+3.2% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Duluth, MN
Median sale price, a Redfin vs. FHFA price check, and daily-refreshed real estate signals for Duluth, MN. Built for agents; free to read.
Duluth, MN’s median sale price is $309K as of Aug 2026 — +3.2% year over year. Pecan Street measures Duluth’s year-over-year home-price change two independent ways: Redfin sale prices and the FHFA House Price Index. No market signals are flagged here right now.
Headline
Oct 6, 2026
7.45%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$1,719/mo
$74K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Duluth compares to other U.S. metros
| Asking-vs-sale gap | ↑22nd of 86 (top 26%) |
|---|---|
| Home-price growth | ↑70th of 195 (top 36%) |
| Price cuts | 107th of 195 |
| Price-to-rent | 87th of 195 (top 45%) |
| Days on market | 87th of 195 (top 45%) |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 15 +4.3% YoY 87th of 195 (top 45%) |
|---|---|
| Asking price / sq ft | $213 +5.9% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 36% -0.8 pts YoY 107th of 195 |
|---|---|
| New housing units permitted | 54 |
The median asking price $339K runs about 10% above the median sale price $309K.
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Aug 2026. Asking is the median list price of active listings (Realtor.com, this month); sale is the headline median of recent closings (Redfin, a rolling 3-month median) — distinct sources and windows, so the gap is a directional read, not a like-for-like difference. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 11 shown of 61 |
|---|---|
| MLS board of record | NorthstarMLS |
| Price methodology | Redfin vs FHFA HPI |
| Data as of | Aug 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
normal · 0.8ppRedfin (city) +3.2% | FHFA HPI · Q2 2026 +4.0% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
More markets in MN
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Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 54880 | $281K↑ | 56↓ | 36↓ | 34↑ | 38↑ | $243K↑ |
| 55720 | $258K↓ | 25↑ | 12↑ | 8↑ | 56↑ | $279K↑ |
| 55723 | $467K↓ | 31↑ | 2↓ | 4↑ | 102↑ | $250K↑ |
| 55734 | $255K↑ | 35↑ | 10↑ | 16↑ | 53↑ | $170K↑ |
| 55746 | $222K↑ | 51↑ | 20↑ | 24↑ | 52↑ | $164K↑ |
| 55771 | $449K↑ | 35↑ | 6↑ | 0↑ | 104↑ | $221K↑ |
| 55790 | $499K↑ | 45↑ | 2↑ | 4↓ | 101↓ | $366K↑ |
| 55792 | $186K↑ | 39↑ | 16↑ | 14↓ | 51↑ | $142K↑ |
| 55803 | $459K↑ | 34↑ | 22↑ | 22↑ | 43↑ | $361K↑ |
| 55804 | $494K↑ | 27↑ | 28↑ | 12↑ | 30↑ | $365K↑ |
| 55811 | $492K↑ | 70↑ | 26↑ | 32↑ | 49↑ | $360K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.