Is Duluth, MN 55811 a buyer’s or seller’s market?
Duluth is a seller’s market. With about 1.7 months of supply and 36% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 85% of U.S. ZIP codes, and #62 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Duluth housing market right now
In the three months ending August 31, 2026, 36% of homes in Duluth, MN 55811 sold above their list price, the typical home went under contract in 16 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 144 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (31 days then) and the median sale price rose 3% to $379,836. Overall, Duluth is less competitive than a year ago, which gives buyers more room.
Within St. Louis County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Duluth ranks #62 of 296 MN ZIP codes with enough sales (score 79 out of 100).
Nearby, buyers who want less competition could look at Soudan 55782 (0% sold over asking) or Orr 55771 (0% sold over asking), while Angora 55703 (100% sold over asking) and Buhl 55713 (100% sold over asking) are even more competitive.
Run the numbers for 55811
Nearby markets
Alborn 55702 — /sq ftAngora 55703Buyer’s market $121 /sq ftAurora 55705Balanced $129 /sq ftBabbitt 55706Seller’s market $91 /sq ft Browse all markets →Towns like Duluth nearby
Find towns like Duluth in other states →Where Duluth is
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Questions about Duluth real estate
Is Duluth a buyer’s or seller’s market?
A seller’s market: there were 1.7 months of supply in Duluth, MN 55811 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Duluth?
The typical home went under contract in 16 days in the latest three months.
Do homes in Duluth sell over asking?
36% of homes sold above their original list price, and the typical sale closed at 99.9% of the list price.
What are property taxes in Duluth?
About 1.03% of a home’s value a year in St. Louis County, or roughly $4,120 on a $400,000 home.
What is the median home price in Duluth?
The median sale price was $379,836 in the three months ending August 31, 2026, about $228 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology