Lutsen, MN Foreclosures
How much do homes sell for in Lutsen, MN?
The average home price is currently $613,922.
What’s the average rental cost in Lutsen, MN?
The average rental price in Lutsen is $1,591.
What is the most expensive home in Lutsen?
The most expensive home sold in Lutsen had a price of $2,483,470.
What is currently the cheapest priced home in Lutsen, MN?
The cheapest home for sale in Lutsen is priced at $44,708.
Living in Lutsen, MN
Lutsen, MN is a picturesque town located on the shores of Lake Superior, known for its outdoor adventures and natural beauty. Residents enjoy a welcoming community atmosphere, excellent local amenities, and a variety of recreational activities year-round. With skiing in the winter and hiking in the summer, Lutsen is a paradise for nature enthusiasts.
Current Market Conditions in Lutsen, MN
The real estate market in Lutsen has been experiencing a steady increase in demand, driven by its popularity as a year-round vacation destination. Properties in area are often sought after by those looking for vacation homes or retirement options due to the breathtaking landscapes and abundance of outdoor activities.
Currently, buyers are advised to move quickly, as homes can attract multiple offers within days. The market is characterized by a mix of cabins, single-family homes, and some luxury properties, catering to a variety of budgets.
Home Value Estimator For Lutsen, MN
There are currently 838 real estate properties
in Lutsen, MN,
with a median automated valuation model (AVM) price
of $541,476.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lutsen, 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 Lutsen, MN,
is $613,922.00, with the most expensive house
in Lutsen, MN, topping out
at $2,483,470.00 and the cheapest home
in Lutsen, MN,
clocking in at $44,708.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lutsen, MN!
Rent Prices
In Lutsen, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lutsen, MN, is on
a rollercoaster ride. The
average rent price in Lutsen, MN,
is $1,591.00. Indeed, when looking to rent in
Lutsen, MN, you can expect to pay as little
as $610.00 or as much
as $2,740.00,
with the average rent median estimated to
be $1,670.00. The good news is that finding
an affordable and desirable property to rent in Lutsen, 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.
Learn more on Foreclosure homes
