Real Estate Market Update for Hermantown, MN
Welcome to March's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 96% from one year earlier, and down 32% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 300-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 60%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 270-thousand dollars. The number of units sold was consistent year-over-year, and increased 25% month-over-month. These latest figures could indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Hermantown, MN
School Data for Hermantown, MN

School Name Distance Type Grades GreatSchools Rating Parent Rating
Hermantown Middle School 1.6 mi Public 4-8 3-5 4
Hermantown Elementary School 1.6 mi Public K-3 3 0
Hermantown Senior High School 1.8 mi Public 9-12 4 4
Hermantown Alternative Learning Prg 1.8 mi Public 9-12 0 0
Hermantown Early Childhood 3.1 mi Public PRESCHOOL-PRESCHOOL 0 0
Rails Academy 3.9 mi Public 9-12 0 0
Proctor Senior High School 3.9 mi Public 9-12 2-5 5
Proctor Area Middle School 3.9 mi Public 6-8 0 0
Bay View Elementary School 4.0 mi Public K-5 2-5 5
Pike Lake Elementary School 4.8 mi Public PRESCHOOL-5 3 5
Lakeview Christian Academy 5.1 mi Private PRESCHOOL-12 0 4
Stone Ridge Christian School 5.4 mi Private K-8 0 0
Duluth Edison North Star Academy 5.6 mi Public K-8 0 0
Lowell Music Magnet Elementary School 5.9 mi Public K-5 2-5 4
The Marshall School 6.5 mi Private 4-12 0 0
Chester Creek Academy 7.3 mi Public K-12 1 0
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
Local Weather for Hermantown, MN
    Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.