Market report, updated

Market Report

Search in the county of Cook

LakeMinnetonkaRealEstate.com
Report prepared by LakeMinnetonkaRealEstate.com
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Market at a glance

Over the last 6 months, homes sold for 93.4% of list price in 129 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $875K Sold · $805K
$890K$610K$330K$50K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Sold tab (last 6 months) Earlier

Peak: 4 sales in Dec. Last month: 1.

Where the market stands

All homes in this report, by status.

32homes
Active17 · 53%
Under contract2 · 6%
Sold (6 mo)13 · 41%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

7.3months of inventory
Seller's, under 4BalancedBuyer's, over 6

Buyers have room to negotiate in this market.

Average price by status

Active$529K
Under contract$1.97M
Sold$379K

Average days on market

Active138 days
Under contract199 days
Sold129 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 17
Average list price $529,470
Avg. days on market 138 days
Avg. price per ft² $415 Based on 12 of 17 homes
Avg. living area 1,180 ft² Based on 12 of 17 homes
Avg. beds / baths 1.9 / 1.7

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

5 homes didn’t report living area and aren’t shown.

$3M$2M$1M$0

Price vs. living area: 12 homes plotted, up to $3M and 6,000 ft².

0 ft²2,0004,0006,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

6 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes in this status.

41 W Rosebush Lane$706
8016 Gunflint Trail$654
5362 W Highway 61$533
135 Bridge Run Lane Unit B$415
113 Bridge Run Lane Unit A$385
527 Moose Mountain Drive$361
89 Boulder Boulevard$358

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
112 Camp 20 RoadHovland, MN 55606 2—768$194,900$2533 days
4603 North RoadHovland, MN 55604 ———$119,900—44 days
41 W Rosebush LaneGrand Marais, MN 55604 443,254$2,300,000$70645 days
1471 County Road 14Grand Marais, MN 55604 211,216$374,900$30845 days
527 Moose Mountain DriveLutsen, MN 55612 231,105$399,000$36171 days
XXX Casper's Hill RoadGrand Marais, MN 55604 ———$95,000—78 days
135 Bridge Run Lane Unit BLutsen, MN 55612 12672$279,000$415136 days
44xx North RoadHovland, MN 55606 ———$485,000—148 days
5362 W Highway 61 Unit LOCKPORT MARKETPLACE & GRILLLutsen, MN 55612 ———$1,475,000—151 days
5362 W Highway 61Lutsen, MN 55612 212,764$1,475,000$533151 days
LakeMinnetonkaRealEstate.com

Questions about this market?

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These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.