More listings are giving buyers a little more room in Duluth
The one number that changes what a seller should do right now: Freddie Mac put the 30-year fixed rate at 7.24% as of October 29, 2026. At that rate, buyers are watching every dollar. Price it right and your home still moves fast. Price it soft and it sits.
These numbers cover the three months ending August 31, 2026. The Real Estate Data Aggregator counted homes sold, days on market, and more for each ZIP code in this market.
Inventory is up, but supply is still tight in most ZIP codes
The Real Estate Data Aggregator counted 76 homes for sale in 55811 (Duluth). That is double what was there a year ago. In 55812 (Duluth), listings for sale also doubled, to 24. In 54859 (Minong, WI), homes for sale rose 107.1%. More choice for buyers is real. But months of supply in 55811 sat at just 1.7 months. In 55804 (Duluth) it was 1.2 months. In 55807 (Duluth) it was 1.2 months. The National Association of Realtors counted 1.60 million homes for sale across the U.S. in September 2026. Duluth is still far tighter than that picture suggests nationally.
Homes in the city core still sold fast
The Real Estate Data Aggregator put the median days on market at 12 days in 55804 (Duluth), 13 days in 55812 (Duluth), 15 days in 55803 (Duluth), and 16 days in 55811 (Duluth). In Superior (54880), homes sold in a median 13 days. That is faster than a year before in every one of those ZIP codes. Realtor.com put the national median at 64 days for the week ending October 24, 2026. Duluth's city ZIP codes are running roughly five times faster than that.
Sellers in the city are still getting their price, or more
The Real Estate Data Aggregator found that in 54880 (Superior, WI), 52.6% of homes sold above list price. In 55720 (Cloquet, MN), 52.8% did. In 55804 (Duluth), nearly half, 49.4%, sold above list. In 55807 (Duluth), it was exactly 50%. The sale-to-list ratio in 55804 was 101%, and in 55803 it was 101.4%. Not every home sold over ask, but the ones that were priced well did.
Some outer areas tell a different story
Not every part of this market moved fast. The Real Estate Data Aggregator put the median days on market at 83 days in 54847 (Iron River, WI), up 45 days from a year ago. In 55614 (Silver Bay, MN), homes sat a median 72 days, up 19 days. In 54814 (Bayfield, WI), the median was 51 days. Months of supply in 54847 reached 5.8 months. In 55734 (Eveleth, MN), it was 7.6 months. In those areas, pricing and condition matter even more.
Prices held up in most places
The Real Estate Data Aggregator put the median sale price in 55812 (Duluth) at $409,950, up 8% from a year ago. In 55803 (Duluth) it was $390,000, up 4%. In 55804 (Duluth), the median was $400,000, though that was down 2.2% from a year ago. A small dip in one ZIP does not mean prices are falling across the board. In 54873 (Solon Springs, WI), the median jumped to $360,000, up 55.2%, though that ZIP is small and a few sales can move the number sharply.
| ZIP | Median price | Change from 2025 | |
|---|---|---|---|
| 55604 Grand Marais, MN | 55604 | $516,000 | up 4.3% |
| 55812 Duluth, MN | 55812 | $409,950 | up 8% |
| 54859 Minong, WI | 54859 | $405,000 | up 5.2% |
| 55804 Duluth, MN | 55804 | $400,000 | down 2.2% |
| 55803 Duluth, MN | 55803 | $390,000 | up 4% |
| 55811 Duluth, MN | 55811 | $380,000 | up 3% |
What the national picture adds
The National Association of Realtors counted 3.99 million existing-home sales nationally in September 2026, with prices up 1.3% from a year before. Freddie Mac also reported the 15-year fixed rate at 6.60% as of October 29, 2026. Rates above 7% are keeping some buyers cautious. Realtor.com noted that mortgage rates surged above 7% for the first time since January 2025. That context matters here. Buyers who are in the market right now tend to be serious.
- Inventory is up in several parts of the Duluth market, but supply is still tight in the city ZIP codes.
- Homes priced well and ready to show sold in 12 to 16 days in multiple areas during the three months ending August 31, 2026. Outer areas like Iron River and Silver Bay are slower and need sharper pricing.
- Rates at 7.24% (Freddie Mac) mean buyers are careful, so condition and price still do the heavy lifting.
One street can read very differently from the whole ZIP code. The numbers above are medians and counts. Your home's condition, street, and price point all shift the picture.
Your next step
(218) 591-6453Text me your address and I will send back how your Duluth home compares to what actually sold near you in the three months ending August 31, 2026. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 55811, 54874, 54864, 55803, 54880, 54873, 55807, 54838, 54849, 55720, 55812, 54814, 54847, 54859, 55604, 55614, 55718, 55734 and 55804, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- Freddie Mac: Mortgage Rates, read Nov 1, 2026
- National Association of Realtors: Existing-Home Sales, read Nov 1, 2026
- Redfin: U.S. Home-Sale Prices Just Fell for the First Time in 3 Years, Oct 29, 2026
- Realtor.com: Weekly Housing Trends: U.S. Market Update (Week Ending Oct. 24, 2026), Oct 29, 2026
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026
- No Real Estate Data Aggregator numbers for 54800, so this part is from websites alone.