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LUTSEN, MN 55612

Real Estate Market Report  ·  Cook County
Buyer's Market
June 2026  ·  Source: Realtor.com

Market Analysis

Data as of June 2026. Source: Realtor.com.

The LUTSEN, MN real estate market (55612) currently shows 20 active listings, with 3 pending sales. Homes are averaging 36 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 36 days on market compared to 29 days last year.

The median listing price has risen 63.4% year-over-year, from $287,000 to $469,000.

Whether you are buying or selling in LUTSEN, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 532  ·  Density: 1.2/mi²  ·  Median household income: $72,083

Typical home value: $326,915  ·  Homeownership: 81.4%

Market Overview

Active Listings
20
⇧ 53.8% vs 13 last year
Pending
3
15% pending ratio
Median Price
$469,000
⇧ 63.4% vs $287,000 last year
Average Price
$518,553
⇧ 5% vs $493,896 last year
Days on Market
36
⇧ 24.1% vs 29 days last year

Price Per Square Foot

Median $/sqft
$377
⇩ 11.7% vs $427/sqft last year
Median Home Size
1,250 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 13 last year
  • Days on market: 36 now vs 29 last year

Median & Average Pricing

Year over Year
  • Median: $469,000 (+63.4% YoY)
  • Average: $518,553 (+5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 0.0 miles — 107 listings ($55,975,102 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55612Lutsen, MN 556120.0 mi10$4,811,590$331,175$481,159
55604Grand Marais, MN 5560414.3 mi10$7,351,070$618,200$735,107
55606Hovland, MN 5560633.9 mi3$2,978,124$992,708$992,708
55614Silver Bay, MN 5561443.5 mi26$7,065,318$171,750$271,743
55731Ely, MN 5573150.4 mi36$20,956,104$375,500$582,114
54850La Pointe, WI 5485059.3 mi3$1,587,000$529,000$529,000
54827Cornucopia, WI 5482770.1 mi3$4,057,350$1,352,450$1,352,450
54891Washburn, WI 5489175.8 mi9$4,972,122$431,725$552,458
49971White Pine, MI 4997189.7 mi4$1,067,800$271,450$266,950
54864Poplar, WI 5486496.3 mi3$1,128,624$423,725$376,208
, 0.0 mi0$0$0$0

Frequently Asked Questions

How many homes are for sale in LUTSEN, MN 55612?

As of June 2026, there are 20 active listings in LUTSEN, MN (zip code 55612), compared to 13 the prior year.

What is the median home price in LUTSEN, MN 55612?

The median listing price in LUTSEN, MN 55612 is $469,000 as of June 2026, a 63.4% increase from $287,000 the prior year.

How long do homes stay on the market in LUTSEN, MN?

Homes in LUTSEN, MN 55612 spend an average of 36 days on the market before going under contract, compared to 29 days the prior year.

Is it a seller's or buyer's market in LUTSEN, MN 55612?

Based on current inventory and days-on-market data as of June 2026, LUTSEN, MN 55612 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 36 days on market compared to 29 days last year.

How much can I save on real estate commission in LUTSEN, MN?

With SELL123.com's maximum 3% commission, sellers in LUTSEN, MN 55612 save an estimated $9,380 compared to a typical 5% commission on the median listing price of $469,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.