Is Pine County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pine County has remained a Seller's Market.
Key Takeaway
Pine County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine County, MN
How much do homes in Pine County, MN cost?
Median Sold Price
$261,750
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pine County have sold for 10% more than they did a year ago.
Summary: The median home sold price in Pine County was $261,750 in April 2024, up 10% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126.5K | $115K | -9.1% |
| 2 Bedrooms | $211K | $238.4K | +13.0% |
| 3 Bedrooms | $246K | $267.5K | +8.7% |
| 4 Bedrooms | $259.7K | $352.5K | +35.7% |
| 5+ Bedrooms | $385K | $469.9K | +22.1% |
Summary: Pine County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 22.1%.
Median Sold Price Compared To Nearby Counties
| Pine County | $238K | $261.7K | +10.0% |
| Kanabec County | $250K | $250K | 0.0% |
| Douglas County | $219K | $218.9K | 0% |
| Burnett County | $280K | $274.9K | -1.8% |
Housing Supply in Pine County, MN
How many homes are available in Pine County, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 134 | 155 | +15.7% |
Summary: The Pine County real estate market had 155 homes for sale in April 2024, a 15.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 12 | +71.4% |
| 2 Bedrooms | 38 | 40 | +5.3% |
| 3 Bedrooms | 57 | 67 | +17.5% |
| 4 Bedrooms | 23 | 24 | +4.3% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Pine County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 71.4%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 28 | +33.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine County, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Pine County in April 2024, up by 33.3% month-over-month. Of the 28 sold homes, 36% were sold under asking, 36% were sold at asking, and 29% were sold over asking.
Days on Market for Pine County, MN
How long does it take to sell a home in Pine County, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 82 Days | 54 Days | -33.8% |
Summary: Homes in Pine County had an average of 54 days on market in Apr 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pine County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in Pine County; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
