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Foreclosure Homes in Luverne, MN

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Luverne, MN Foreclosures

How much do homes sell for in Luverne, MN?
The average home price is currently $254,229.
In Luverne, MN, how many homes are available?
There are currently 2 active home listings available in Luverne.
What’s the average rental cost in Luverne, MN?
The average rental price in Luverne is $1,302.
What is the most expensive home in Luverne?
The most expensive home sold in Luverne had a price of $2,371,211.
What is currently the cheapest priced home in Luverne, MN?
The cheapest home for sale in Luverne is priced at $17,424.

Living in Luverne, MN

Luverne, MN, is a small town characterized by its friendly community and accessibility to outdoor activities. The area boasts a range of local amenities and institutions that cater to families and individuals alike, creating a comfortable living environment. Ideal for investors, Luverne presents growth opportunities in real estate.

Current Market Conditions in Luverne, MN

The real estate market in Luverne is currently stable, with a healthy mix of home listings that cater to diverse budgets. The demand for homes remains steady, with an increasing number of families and retirees considering the area for its appealing lifestyle and affordability.

Recent trends indicate a rise in investment interest, particularly in rental properties due to the town's growth and influx of new residents. This presents ample opportunity for investors looking to capitalize on a burgeoning market.

Home Value Estimator For Luverne, MN

There are currently 1,960 real estate properties in Luverne, MN, with a median automated valuation model (AVM) price of $225,987.00. 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, 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 Luverne, MN, is $254,229.00, with the most expensive house in Luverne, MN, topping out at $2,371,211.00 and the cheapest home in Luverne, MN, clocking in at $17,424.00. In other words, there’s something for every potential homebuyer or savvy investor in Luverne, MN!

Rent Prices In Luverne, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Luverne, MN, is on a rollercoaster ride. The average rent price in Luverne, MN, is $1,302.00. Indeed, when looking to rent in Luverne, MN, you can expect to pay as little as $580.00 or as much as $2,040.00, with the average rent median estimated to be $1,290.00. The good news is that finding an affordable and desirable property to rent in Luverne, 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.

Luverne, MN Foreclosures

Market Trend for Luverne, MN

Total Listings Available: 2

Market Values:

Home Prices from $17,424 to $2,371,211

Average Sales Price: $254,229

Rental Values:

Rental from $580 to $2,040

Average Rent Value: $1,302 / month

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