Is Pipestone County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Pipestone County was a Seller's Market.
Housing Prices in Pipestone County, MN
How much do homes in Pipestone County, MN cost?
Median Sold Price
$164,500
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pipestone County was $164,500 in April 2024, up 6.5% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $49.5K | $48K | -3.0% |
2 Bedrooms | $100K | $125.6K | +25.6% |
3 Bedrooms | $142.5K | $160K | +12.3% |
4 Bedrooms | $230K | $187.4K | -18.5% |
5+ Bedrooms | $315K | $285K | -9.5% |
Summary: Pipestone County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 25.6%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Counties
Lincoln County | $121K | $141.2K | +16.7% |
Pipestone County | $154.5K | $164.5K | +6.5% |
Murray County | $125.6K | $129.9K | +3.5% |
Rock County | $180K | $167K | -7.2% |
Housing Supply in Pipestone County, MN
How many homes are available in Pipestone County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 36 | +28.6% |
Summary: The Pipestone County real estate market had 36 homes for sale in April 2024, a 28.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 17 | 18 | +5.9% |
4 Bedrooms | 3 | 7 | +133.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Pipestone County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Pipestone County in April 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Pipestone County, MN
How long does it take to sell a home in Pipestone County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 31 Days | +158.3% |
Summary: Homes in Pipestone County had an average of 31 days on market in Apr 2024, up by 158.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Pipestone County; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.