Is Lutsen, MN 55612 a buyer’s or seller’s market?
Lutsen is a buyer’s market. With about 8.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
Months of supply8.5Under 4 months = seller’s market
Sold above original list11.1%Share of sales, last 3 months
Median sale-to-list97.5%Sold price ÷ list price
Median days on market41Listing to accepted offer
Median price per sq ft$378▼ −8.4% vs. last year
Run the numbers for 55612
Nearby markets
Grand Marais 55604Balanced $369 /sq ftHovland 55606 — /sq ftSchroeder 55613 — /sq ftTofte 55615Seller’s market $451 /sq ft Browse all markets →More tools for 55612
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology