How much does it cost to buy a house in Lutsen, MN?

In May 2026 Lutsen homes were listed to buy for a median price of $420K, The median value of a home listed to buy in Lutsen in May 2026 was $377 per sqft, which is a 3% decrease to April 2025 last month, and a 2% decrease to May 2025 last year.

Is it affordable or expensive to live in Lutsen, MN?

It is affordable to live in Lutsen. Buying a home in Lutsen is 1% less expensive compared with the national average.

Is it a good time to buy property in Lutsen, MN?

Yes now is a good time to buy property in Lutsen, in May 2026, homes in Lutsen have decreased in value (price per sqft) by 2% in the last year compared with May 2025.

Is the Lutsen, MN housing market slowing down?

In May 2026, homes to buy in Lutsen spent an median 91 days on the market, a same May 2025 last year.

How much money should I make to buy a house in Lutsen, MN?

In May 2026, Lutsen homes were listed to buy for a median price of $420K, with 25% down you would need $2.41K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $82.8K.

Is it a good time to sell my house in Lutsen, MN?

Yes now is a good time to sell your house in Lutsen, in May 2026, homes in Lutsen have decreased in value (price per sqft) by 2% in the last year compared with May 2025.