Real Estate Market Update for Sturgeon Lake, MN
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was up 12% from one year earlier, and down 19% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was 150-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 11%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 100-thousand dollars. The number of units sold increased 300% year-over-year, and increased 33% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Sturgeon Lake, MN
Area Information for Sturgeon Lake, MN
  • Population: 386
  • Median Age: 40.41 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 105/sq mi
  • Population Change Since 2000: 21.6%
  • Closest Airport: Duluth International
  • Closest College: Duluth Business University
  • Closest Jr. College: Fond Du Lac Tribal And Community College
  • Median Household Income: $41,554
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $109,000
  • Closest Major Sports Team: Minnesota Wild
  • Change Avg. Household Income Since 2000: 25.2%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Sturgeon Lake, MN
Median Age: 40.41 Married: 42% Number of Households: 142 Households with Children: 49
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      Local Weather for Sturgeon Lake, MN
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.