Is Grand Marais, MN 55604 a buyer’s or seller’s market?
Grand Marais is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
Months of supply5Under 4 months = seller’s market
Sold above original list23.8%Share of sales, last 3 months
Median sale-to-list98.1%Sold price ÷ list price
Median days on market35Listing to accepted offer
Median price per sq ft$369▲ +13.7% vs. last year
Run the numbers for 55604
Nearby markets
Hovland 55606 — /sq ftLutsen 55612Buyer’s market $378 /sq ftSchroeder 55613 — /sq ftTofte 55615Seller’s market $451 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology