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Featured local agent — Loretto, MN
Sarah Mitchell
Compass Real Estate · Loretto, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Loretto, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$575,000median sale price
How is the Loretto, MN housing market right now?
The median home sale price in Loretto, MN is $575,000, up 210.8% year-over-year. Homes sell in an average of 21 days with 1 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Loretto a buyer's or seller's market?
Loretto, MN is currently a seller's market, based on 1.0 months of supply and homes selling in about 21 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
21
Average pace
Active listings
1
1.0 months supply
Sale-to-list
92.7%
Below asking
What does the Loretto housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $575,000 |
| Year-over-year price change | +210.8% |
| Average days on market | 21 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 92.7% |
| Median price per sq ft | $154/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Loretto by property type?
How the Loretto, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $575,000 | $154/sq ft | 1 | 21 days |
| Townhouse | $309,900 | $241/sq ft | 1 | 25 days |
Source: Redfin · Updated monthly
The Loretto housing market is currently classified as a seller's market with a median sale price of $575,000. Prices have risen 210.8% compared to last year, with homes spending an average of 21 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.6x provides context for how home values compare to local earning capacity.
Homes for sale in Loretto
There are currently 1 homes listed for sale in Loretto, Minnesota.
Active listings
1
Homes on market
Avg. days on market
21
Days until sale
Who lives in Loretto?
Population
805
Median income
$110,833/yr
Median age
35.6 years
Owner-occupied
82.7%
College grads
47.6%
Avg commute
29.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Loretto?
Zillow home value
$393,906
Price-to-income
3.6x
Source: Zillow Research
What is it like to live in Loretto?
Loretto is a community of approximately 1K residents with a median age of 35.6 years.The median household income is $110,833, which reflects a relatively affluent area with strong earning potential. 47.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 82.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Loretto offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Loretto, MN?
Want a head-to-head view? Compare Loretto side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Loretto?
The median home sale price in Loretto is $575,000, up 210.8% from last year.
How long do homes stay on market in Loretto?
Homes typically spend 21 days on market before going under contract.
What is the median income in Loretto?
The median household income is $110,833 per year.
Is Loretto a buyer's or seller's market?
With 1.0 months of supply, Loretto is currently a seller's market.
What is the Zillow home value estimate for Loretto?
The Zillow Home Value Index (ZHVI) for Loretto is $393,906, representing the typical home value in the area.
How much does a single-family home cost in Loretto?
The median single-family home price in Loretto, MN is $575,000 (about $154 per square foot).
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