Duluth, MN-WI
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA all-transactions · 1986 Q2 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
All metro areas · this area is duluth on the rankings
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. All-transactions includes refinance appraisals as well as sales; FHFA publishes purchase-only for the 100 largest metro areas only, and this is not one of them.
One year
One year real +4.0%
nominal +4.0%
Five years
Five years real +28.5%
nominal +48.7%
Ten years
Ten years real +49.3%
nominal +95.1%
Twenty-five years
Twenty-five years real +67.2%
nominal +196.3%
Since 2000
Since 2000 real +79.5%
nominal +226.9%
2007 to 2012
crash, real −18.2%
2007Q2 to 2012Q2
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 453.1 | 453.1 | real year on year +3.2% |
| 2025 Q4 | 439.0 | 439.0 | real year on year +6.7% |
| 2024 Q4 | 411.6 | 411.6 | real year on year +2.4% |
| 2023 Q4 | 390.4 | 401.9 | real year on year +2.7% |
| 2022 Q4 | 365.2 | 391.5 | real year on year +3.4% |
| 2021 Q4 | 327.0 | 378.5 | real year on year +10.8% |
| 2020 Q4 | 282.0 | 341.8 | real year on year +4.0% |
| 2019 Q4 | 267.8 | 328.6 | real year on year +2.8% |
| 2018 Q4 | 255.8 | 319.6 | real year on year +1.2% |
| 2017 Q4 | 246.8 | 315.8 | real year on year +2.8% |
| 2016 Q4 | 235.1 | 307.3 | real year on year +3.2% |
| 2015 Q4 | 225.0 | 297.8 | real year on year +1.5% |
| 2014 Q4 | 221.5 | 293.6 | real year on year +1.0% |
| 2013 Q4 | 215.9 | 290.7 | real year on year −0.9% |
| 2012 Q4 | 214.7 | 293.3 | real year on year −3.1% |
| 2011 Q4 | 217.0 | 302.6 | real year on year −4.7% |
| 2010 Q4 | 220.6 | 317.4 | real year on year −2.1% |
| 2009 Q4 | 221.8 | 324.3 | real year on year −1.9% |
| 2008 Q4 | 227.0 | 330.7 | real year on year −6.0% |
| 2007 Q4 | 232.6 | 352.0 | real year on year −1.3% |
| 2006 Q4 | 229.2 | 356.6 | real year on year −1.2% |
| 2005 Q4 | 224.8 | 361.1 | real year on year +4.9% |
| 2004 Q4 | 207.3 | 344.3 | real year on year +5.0% |
| 2003 Q4 | 192.3 | 327.9 | real year on year +8.4% |
| 2002 Q4 | 173.4 | 302.4 | real year on year +7.5% |
| 2001 Q4 | 158.8 | 281.4 | real year on year +5.4% |
| 2000 Q4 | 146.6 | 267.1 | real year on year +6.8% |
| 1999 Q4 | 132.8 | 250.0 | real year on year +4.0% |
| 1998 Q4 | 124.9 | 240.4 | real year on year +3.6% |
| 1997 Q4 | 118.7 | 232.0 | real year on year +3.5% |
| 1996 Q4 | 112.0 | 224.0 | real year on year +1.0% |
| 1995 Q4 | 107.7 | 221.8 | real year on year +4.6% |
| 1994 Q4 | 100.2 | 211.9 | real year on year −1.8% |
| 1993 Q4 | 99.4 | 215.8 | real year on year +3.4% |
| 1992 Q4 | 93.4 | 208.7 | real year on year +3.8% |
| 1991 Q4 | 87.3 | 201.0 | real year on year +4.6% |
| 1990 Q4 | 80.0 | 192.1 | real year on year −2.9% |
| 1989 Q4 | 78.2 | 197.9 | real year on year +4.6% |
| 1988 Q4 | 71.4 | 189.3 | real year on year +0.8% |
| 1987 Q4 | 68.0 | 187.9 | real year on year +3.8% |
| 1986 Q4 | 63.2 | 181.0 | — |
2026 Q2453 · real 453real year on year +3.2%
2025 Q4439 · real 439real year on year +6.7%
2024 Q4412 · real 412real year on year +2.4%
2023 Q4390 · real 402real year on year +2.7%
2022 Q4365 · real 391real year on year +3.4%
2021 Q4327 · real 379real year on year +10.8%
2020 Q4282 · real 342real year on year +4.0%
2019 Q4268 · real 329real year on year +2.8%
2018 Q4256 · real 320real year on year +1.2%
2017 Q4247 · real 316real year on year +2.8%
2016 Q4235 · real 307real year on year +3.2%
2015 Q4225 · real 298real year on year +1.5%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 20260. Real terms by the World Bank's US consumer price index, annual.