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LUVERNE, MN 56156

Real Estate Market Report  ·  Rock County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The LUVERNE, MN real estate market (56156) currently shows 34 active listings, with 5 pending sales. Homes are averaging 62 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 62 days on market compared to 93 days last year.

The median listing price has fallen 12.1% year-over-year, from $309,900 to $272,375.

Whether you are buying or selling in LUVERNE, 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: 6,352  ·  Density: 14.7/mi²  ·  Median household income: $77,813

Typical home value: $188,270  ·  Homeownership: 75.9%

Market Overview

Active Listings
34
⇧ 3% vs 33 last year
Pending
5
15% pending ratio
Median Price
$272,375
⇩ 12.1% vs $309,900 last year
Average Price
$293,066
⇩ 9.7% vs $324,683 last year
Days on Market
62
⇩ 33.3% vs 93 days last year

Price Per Square Foot

Median $/sqft
$142
⇩ 5.3% vs $150/sqft last year
Median Home Size
1,980 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 34 this year vs 33 last year
  • Days on market: 62 now vs 93 last year

Median & Average Pricing

Year over Year
  • Median: $272,375 (-12.1% YoY)
  • Average: $293,066 (-9.7% 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 26.1 miles — 452 listings ($221,499,986 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56156Luverne, MN 561560.0 mi33$9,022,332$239,900$273,404
56134Hardwick, MN 561348.8 mi3$809,700$269,900$269,900
56147Kenneth, MN 5614710.5 mi0$0$180,000$180,000
56110Adrian, MN 5611014.5 mi7$1,304,730$199,500$186,390
56144Jasper, MN 5614414.8 mi3$584,250$194,750$194,750
57030Garretson, SD 5703016.3 mi12$6,704,640$399,900$558,720
51242Lester, IA 5124216.9 mi1$785,000$785,000$785,000
51241Larchwood, IA 5124118.8 mi6$2,609,148$483,250$434,858
56168Rushmore, MN 5616821.3 mi2$255,500$127,750$127,750
57110Sioux Falls, SD 5711022.2 mi262$156,372,866$495,175$596,843
57103Sioux Falls, SD 5710324.9 mi120$42,274,320$288,450$352,286
51235Doon, IA 5123525.4 mi2$498,000$249,000$249,000
56165Reading, MN 5616526.1 mi1$279,500$279,500$279,500

Frequently Asked Questions

How many homes are for sale in LUVERNE, MN 56156?

As of March 2026, there are 34 active listings in LUVERNE, MN (zip code 56156), compared to 33 the prior year.

What is the median home price in LUVERNE, MN 56156?

The median listing price in LUVERNE, MN 56156 is $272,375 as of March 2026, a 12.1% decrease from $309,900 the prior year.

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

Homes in LUVERNE, MN 56156 spend an average of 62 days on the market before going under contract, compared to 93 days the prior year.

Is it a seller's or buyer's market in LUVERNE, MN 56156?

Based on current inventory and days-on-market data as of March 2026, LUVERNE, MN 56156 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 62 days on market compared to 93 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LUVERNE, MN 56156 save an estimated $5,448 compared to a typical 5% commission on the median listing price of $272,375. 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.