Lanesboro, MN Foreclosures
How much do homes sell for in Lanesboro, MN?
The average home price is currently $450,622.
In Lanesboro, MN, how many homes are available?
There are currently 22 active home listings available in Lanesboro.
What’s the average rental cost in Lanesboro, MN?
The average rental price in Lanesboro is $1,575.
What is the most expensive home in Lanesboro?
The most expensive home sold in Lanesboro had a price of $3,101,698.
What is currently the cheapest priced home in Lanesboro, MN?
The cheapest home for sale in Lanesboro is priced at $20,290.
Living in Lanesboro, MN
Lanesboro, MN, combines the charm of a small town with a thriving arts scene and beautiful natural surroundings. Nestled near the Root River, residents enjoy a variety of outdoor activities and a close-knit community. The area is known for its artistic spirit, delicious local dining, and accessibility to good schools and parks.
Current Market Conditions in Lanesboro, MN
Lanesboro's real estate market remains stable, with a mix of single-family homes, townhouses, and seasonal properties appealing to both residents and investors. Over the past few months, home prices have seen a modest increase, reflecting the area's desirability due to its scenic views and artistic community. Listings tend to move quickly, reflecting a competitive atmosphere fueled by growing interest in rural living.
Increasing interest has been noted from buyers seeking a retreat-like environment that Lanesboro provides. The influx of visitors and potential residents has also led to new developments and renovations to existing properties, though maintaining the town's historic character remains a priority among local stakeholders.
Home Value Estimator For Lanesboro, MN
There are currently 985 real estate properties
in Lanesboro, MN,
with a median automated valuation model (AVM) price
of $325,098.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lanesboro, 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 Lanesboro, MN,
is $450,622.00, with the most expensive house
in Lanesboro, MN, topping out
at $3,101,698.00 and the cheapest home
in Lanesboro, MN,
clocking in at $20,290.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lanesboro, MN!
Rent Prices
In Lanesboro, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lanesboro, MN, is on
a rollercoaster ride. The
average rent price in Lanesboro, MN,
is $1,575.00. Indeed, when looking to rent in
Lanesboro, MN, you can expect to pay as little
as $580.00 or as much
as $2,880.00,
with the average rent median estimated to
be $1,440.00. The good news is that finding
an affordable and desirable property to rent in Lanesboro, 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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