$9,797 Closing Credit*
$825,000
3,200 SqFt
5 Beds
•2 Full Baths
Listing Office: Eos Realty, LLC
Is Lutsen Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lutsen Township has remained a Seller's Market.
Key Takeaway
Lutsen Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lutsen Township, MN
How much do homes in Lutsen Township, MN cost?
Median Sold Price
$359,900
$888/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$570,100(-61.3%)
Key Takeaway
Homes in Lutsen Township have sold for 61.3% less than they did a month ago.
Summary: The median home sold price in Lutsen Township was $359,900 in November 2024, down 61.3% from last month, and the median price per square foot was $888.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $359.9K | N/A |
| 2 Bedrooms | $1.5M | - | N/A |
| 3 Bedrooms | $360K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lutsen Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lutsen | $360K | $359.9K | 0% |
| West Cook | $514.5K | $480K | -6.7% |
| Lutsen Township | $930K | $359.9K | -61.3% |
Housing Supply in Lutsen Township, MN
How many homes are available in Lutsen Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Summary: The Lutsen Township real estate market had 4 homes for sale in November 2024, a 33.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lutsen Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lutsen Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Lutsen Township in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Lutsen Township, MN
How long does it take to sell a home in Lutsen Township, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 127 Days | +490.7% |
Summary: Homes in Lutsen Township had an average of 127 days on market in Nov 2024, up by 490.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Lutsen Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Lutsen Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
