Real Estate Market Update for Hermantown, MN
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to January's Market Update. Let's take a look at residential real-estate activity in your area during the month of January. The number of active listings was down 31% from one year earlier and up 5% from the previous month This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month... was just under 190-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 66% This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 210-thousand dollars. The number of units sold Increased 33% year-over-year and Decreased 20% month-over-month Higher year-over-year figures 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.
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 4
Hermantown Elementary School 1.6 mi Public K-3 3 0
Hermantown Senior High School 1.8 mi Public 9-12 3-5 4
Hermantown Early Childhood 3.1 mi Public PRESCHOOL-PRESCHOOL 0 0
Proctor Senior High School 3.9 mi Public 9-12 3 5
Proctor Area Middle School 3.9 mi Public 6-8 0 0
St. Rose School 4.0 mi Catholic PRESCHOOL-6 0 2
Bay View Elementary School 4.0 mi Public K-5 2 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 5.8 mi Public K-8 0 0
Lowell Music Magnet Elementary School 5.9 mi Public K-5 2 4
Chester Creek Academy 7.3 mi Public K-12 0 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: and Onboard Informatics 2014
Local Weather for Hermantown, MN
    Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.