East Gull Lake, MN Foreclosures
How much do homes sell for in East Gull Lake, MN?
The average home price is currently $1,306,569.
What’s the average rental cost in East Gull Lake, MN?
The average rental price in East Gull Lake is $1,929.
What is the most expensive home in East Gull Lake?
The most expensive home sold in East Gull Lake had a price of $7,081,881.
What is currently the cheapest priced home in East Gull Lake, MN?
The cheapest home for sale in East Gull Lake is priced at $24,520.
Living in East Gull Lake, MN
East Gull Lake, MN is a charming community surrounded by breathtaking natural landscapes. Known for its recreational activities and strong community ties, residents enjoy easy access to both outdoor adventures and local amenities. This picturesque location is perfect for those looking to escape the hustle and bustle of city life while still being close to major urban areas.
Current Market Conditions in East Gull Lake, MN
The real estate market in East Gull Lake has been witnessing steady growth, driven by an influx of buyers seeking vacation homes and year-round residences. The appeal of lakeside living has fueled demand, with properties often receiving multiple offers. Median home prices have shown an upward trend, reflecting the area's desirability, but the market remains accessible for first-time buyers looking for charming properties.
More recently, there has been a notable increase in luxury home sales, particularly those with lakefront access. The demand for vacation properties has been strong, especially from buyers seeking second homes in scenic locations. Overall, the market is competitive, and with the continued popularity of the area, we expect home values to rise further.
Home Value Estimator For East Gull Lake, MN
There are currently 430 real estate properties
in East Gull Lake, MN,
with a median automated valuation model (AVM) price
of $989,076.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in East Gull Lake, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in East Gull Lake, MN,
is $1,306,569.00, with the most expensive house
in East Gull Lake, MN, topping out
at $7,081,881.00 and the cheapest home
in East Gull Lake, MN,
clocking in at $24,520.00. In other words, there’s
something for every potential homebuyer
or savvy investor in East Gull Lake, MN!
Rent Prices
In East Gull Lake, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in East Gull Lake, MN, is on
a rollercoaster ride. The
average rent price in East Gull Lake, MN,
is $1,929.00. Indeed, when looking to rent in
East Gull Lake, MN, you can expect to pay as little
as $790.00 or as much
as $2,440.00,
with the average rent median estimated to
be $2,060.00. The good news is that finding
an affordable and desirable property to rent in East Gull Lake, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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