Luverne, ND Foreclosures
How much do homes sell for in Luverne, ND?
The average home price is currently $201,544.
What’s the average rental cost in Luverne, ND?
The average rental price in Luverne is $1,013.
What is the most expensive home in Luverne?
The most expensive home sold in Luverne had a price of $740,567.
What is currently the cheapest priced home in Luverne, ND?
The cheapest home for sale in Luverne is priced at $40,341.
Living in Luverne, ND
Luverne, ND, offers a quaint small-town atmosphere with a focus on community and outdoor activities. Known for its friendly residents and local events, it's a great place for families and individuals seeking a peaceful lifestyle. Conveniently located near larger towns, Luverne boasts essential amenities and a strong sense of belonging.
Current Market Conditions in Luverne, ND
The current real estate market in Luverne, ND, is stable, with a healthy balance between buyers and sellers. Recent trends show an increase in interest from families and individuals looking for affordable housing options in a rural setting. This has led to a slight uptick in property values, making now a great time to invest in real estate within the area.
Luverne's real estate market is seeing an influx of buyers attracted by the tranquility and tight-knit community, coupled with the affordability of properties compared to larger urban centers. The demand for homes has remained consistent, creating a favorable environment for home sellers.
Home Value Estimator For Luverne, ND
There are currently 51 real estate properties
in Luverne, ND,
with a median automated valuation model (AVM) price
of $126,184.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Luverne, ND, 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 Luverne, ND,
is $201,544.00, with the most expensive house
in Luverne, ND, topping out
at $740,567.00 and the cheapest home
in Luverne, ND,
clocking in at $40,341.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Luverne, ND!
Rent Prices
In Luverne, ND
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Luverne, ND, is on
a rollercoaster ride. The
average rent price in Luverne, ND,
is $1,013.00. Indeed, when looking to rent in
Luverne, ND, you can expect to pay as little
as $510.00 or as much
as $1,950.00,
with the average rent median estimated to
be $890.00. The good news is that finding
an affordable and desirable property to rent in Luverne, ND
-- 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.
Learn more on Foreclosure homes
