Comprehensive market data and analysis• Updated Dec 2025
1.5 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 1 | 1 | 2 |
| 1-2 acres | - | 4 | 5 | 6 |
| 2-5 acres | - | - | 2 | 9 |
| 5-10 acres | - | 1 | 3 | 16 |
| 10-20 acres | - | 1 | 2 | 3 |
| 20-50 acres | - | 1 | 2 | 4 |
| 50-100 acres | - | - | 1 | 1 |
| 100+ acres | - | - | - | 2 |
| TOTAL | 1 | 8 | 16 | 43 |
Acreage buckets
The median price for land in Grand Marais, Minnesota is currently $38K per acre. For a typical parcel, the median sale price is $185K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $69K while premium lots reached $437K.
Grand Marais, Minnesota is currently a very hot seller's market with 1.5 months of supply. Buyers should be prepared to move quickly and may face competitive pricing. Prices have decreased 4.7% year-over-year.
Grand Marais, Minnesota currently has 1.5 months of inventory supply. This indicates a very hot seller's market. Low supply means competition for available properties is high.
Land in Grand Marais, Minnesota typically sells within 69 days of listing. The median time on market is 45 days. Properties are moving at a moderate pace in the current very hot seller's market.
Over the past 12 months, Grand Marais, Minnesota saw 43 properties sold, totaling $9.9M in sales volume. In just the last 3 months, 8 properties changed hands.
There are currently 4 active listings in Grand Marais, Minnesota. 2 new listings have hit the market in the last 90 days. The median asking price is $340K.
The median land price in Grand Marais, Minnesota stands at $185K. This translates to roughly $38K per acre for the typical parcel size. The average price is $231K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.