$3,324 Closing Credit*
$279,900
1,921 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Hegg, REALTORS
Is Luverne Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Luverne Township was a Seller's Market.
Key Takeaway
Luverne Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Luverne Township, MN
How much do homes in Luverne Township, MN cost?
Median Sold Price
$225,200
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,000(+32.3%)
Key Takeaway
Homes in Luverne Township have sold for 32.3% more than they did a year ago.
Summary: The median home sold price in Luverne Township was $225,200 in November 2024, up 32.3% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $47K | N/A |
| 2 Bedrooms | $117.6K | $262.9K | +123.4% |
| 3 Bedrooms | $162.7K | $225.5K | +38.6% |
| 4 Bedrooms | $225K | $224.9K | 0% |
| 5+ Bedrooms | $335K | $255.4K | -23.7% |
Summary: Luverne Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 123.4%, 3 bedroom homes increased by 38.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 23.7%.
Median Sold Price Compared To Nearby Cities
| Luverne Township | $170.2K | $225.2K | +32.3% |
| Luverne | $170.2K | $225.2K | +32.3% |
| Mound Township | $425K | $444.9K | +4.7% |
Housing Supply in Luverne Township, MN
How many homes are available in Luverne Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 58 | +28.9% |
Summary: The Luverne Township real estate market had 58 homes for sale in November 2024, a 28.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 17 | 21 | +23.5% |
| 4 Bedrooms | 13 | 18 | +38.5% |
| 5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Luverne Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Luverne Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Luverne Township in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Luverne Township, MN
How long does it take to sell a home in Luverne Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 85 Days | 73 Days | -14.1% |
Summary: Homes in Luverne Township had an average of 73 days on market in Nov 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Luverne Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Luverne Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
