Housing Prices in Luverne, MN

How much do homes in Luverne, MN cost?

Median List Price

$229,950

$137/sqft

Based on all homes listed in the last 12 months.

Difference Since March 2023

+$30,450(+15.3%)

Key Takeaway

The list price of homes in Luverne has increased by 15.3% since last year.

Summary: The median home list price in Luverne was $229,950 in March 2024, up 15.3% from the previous year, and the median price per square foot was $137.

Median List Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $62.4K$59.9K
-4.0%
2 $169.9K$159.9K
-5.9%
3 $179.9K$199.9K
+11.1%
4 $277.9K$249.9K
-10.1%
5+ $322.4K$379.9K
+17.8%

Summary: Luverne housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes increased by 17.8%.

Median List Price Compared To Nearby Cities

Luverne Township
+24.3%
Luverne
+15.3%
Mound Township
+0.9%

Housing Supply in Luverne, MN

How many homes are available in Luverne, MN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1926+36.8%

Summary: The Luverne real estate market had 26 homes for sale in March 2024, a 36.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 44
0.0%
3 612
+100.0%
4 45
+25.0%
5+ 33
0.0%

Summary: The Luverne housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Days on Market for Luverne, MN

How long does it take to sell a home in Luverne, MN?

Average Listing Age

Mar 2023Mar 2024CHANGE
182 Days86 Days-52.7%

Summary: Homes in Luverne had an average listing age of 86 days in Mar 2024, down by 52.7% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Luverne, MN

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