$2,314 Closing Credit*
$194,900
864 SqFt
2 Beds
•1 Full Bath
Gary B. Kann, Listing Office: Real Estate One Mio
Housing Prices in Luzerne, MI
How much do homes in Luzerne, MI cost?
Median List Price
$137,700
$104/sqft
Based on all homes listed in the last 12 months.
Difference Since October 2023
+$27,800(+25.3%)
Key Takeaway
The list price of homes in Luzerne has increased by 25.3% since last year.
Summary: The median home list price in Luzerne was $137,700 in October 2024, up 25.3% from the previous year, and the median price per square foot was $104.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54.2K | $39.9K | -26.4% |
| 2 Bedrooms | $94K | $110K | +17.0% |
| 3 Bedrooms | $229K | $155K | -32.3% |
| 4 Bedrooms | $175K | $384.5K | +119.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Luzerne housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.4%, 2 bedroom homes increased by 17%, 3 bedroom homes decreased by 32.3%, 4 bedroom homes increased by 119.7%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Foster Township | $146.9K | $192K | +30.7% |
| Big Creek Township | $99.4K | $125.9K | +26.6% |
| Luzerne | $109.9K | $137.7K | +25.3% |
| Mio | $105K | $129.5K | +23.3% |
| South Branch Township | $175.9K | $186.9K | +6.3% |
Housing Supply in Luzerne, MI
How many homes are available in Luzerne, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The Luzerne real estate market had 8 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Luzerne housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Days on Market for Luzerne, MI
How long does it take to sell a home in Luzerne, MI?
Average Listing Age
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 127 Days | 113 Days | -10.7% |
Summary: Homes in Luzerne had an average listing age of 113 days in Oct 2024, down by 10.7% compared to the previous year.
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