Loman, MN Foreclosures
Current Market Conditions in in Loman, MN As of February 2026?
Over the past month, the real estate market in Loman has experienced a slight uptick in listing prices, attributed to increased interest from buyers seeking vacation properties and full-time residences. Average days on the market have also decreased, indicating that homes are selling faster than in previous months. The overall market remains competitive, with buyers encouraged to act quickly on desirable properties due to limited inventory.
How much do homes sell for in Loman, MN?
The average home price is currently $160,713.
In Loman, MN, how many homes are available?
There are currently 12 active home listings available in Loman.
What’s the average rental cost in Loman, MN?
The average rental price in Loman is $976.
What is the most expensive home in Loman?
The most expensive home sold in Loman had a price of $451,728.
What is currently the cheapest priced home in Loman, MN?
The cheapest home for sale in Loman is priced at $23,065.
Living in Loman, MN
Loman, MN is a quaint rural community perfect for nature lovers and those seeking a peaceful lifestyle. With access to outdoor activities and a strong sense of community, it provides a welcoming environment for families and individuals alike. Nearby amenities ensure residents have what they need while enjoying the serenity of rural living.
Buyer vs Seller Market in Loman, MN
The Loman real estate market has remained stable over the past few years, with properties primarily being single-family homes that appeal to buyers looking for larger lots and tranquil settings. As the demand for rural properties continues to rise, prices have seen a modest increase as buyers seek refuge from busy urban areas.
New listings have emerged in the area, catering to families and retirees looking to downsize or find a second home in nature. The market's appeal lies in its affordability compared to urban counterparts, making Loman an attractive option for those seeking value.
Home Value Estimator For Loman, MN
There are currently 150 real estate properties
in Loman, MN,
with a median automated valuation model (AVM) price
of $143,283.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Loman, 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 Loman, MN,
is $160,713.00, with the most expensive house
in Loman, MN, topping out
at $451,728.00 and the cheapest home
in Loman, MN,
clocking in at $23,065.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Loman, MN!
Rent Prices
In Loman, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Loman, MN, is on
a rollercoaster ride. The
average rent price in Loman, MN,
is $976.00. Indeed, when looking to rent in
Loman, MN, you can expect to pay as little
as $570.00 or as much
as $1,380.00,
with the average rent median estimated to
be $960.00. The good news is that finding
an affordable and desirable property to rent in Loman, 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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