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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $62.4K | $59.9K | -4.0% |
2 Bedrooms | $169.9K | $159.9K | -5.9% |
3 Bedrooms | $179.9K | $199.9K | +11.1% |
4 Bedrooms | $277.9K | $249.9K | -10.1% |
5+ Bedrooms | $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 | $185K | $229.9K | +24.3% |
Luverne | $199.5K | $229.9K | +15.3% |
Mound Township | $445.9K | $450K | +0.9% |
Housing Supply in Luverne, MN
How many homes are available in Luverne, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 26 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 6 | 12 | +100.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 3 | 3 | 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 2023 | Mar 2024 | CHANGE |
---|---|---|
182 Days | 86 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.