Comprehensive market data and analysis• Updated Dec 2025
8.0 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | 1 | 2 | 2 | 5 |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | 1 | 2 | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 3 | 4 | 10 |
Acreage buckets
The median price for land in Lutsen, Minnesota is currently $23K per acre. For a typical parcel, the median sale price is $124K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $51K while premium lots reached $325K.
Lutsen, Minnesota is currently a balanced market with 8.0 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have decreased 44.0% year-over-year.
Lutsen, Minnesota currently has 8.0 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
Land in Lutsen, Minnesota averages $56K per acre. The median price per acre is $23K, which may be more representative of typical transactions. Most parcels sold are around 2.6 acres.
The current absorption rate in Lutsen, Minnesota is 12.5% (3-month basis), indicating moderate demand. With depreciating values (-44.0% YoY), buyers may find value opportunities. The top-performing broker in this market is Red Pine Realty.
There are currently 8 active listings in Lutsen, Minnesota. 4 new listings have hit the market in the last 90 days. The median asking price is $300K.
The 3-month absorption rate in Lutsen, Minnesota is 12.5%. The 12-month rate is 10.4%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
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.
