Is Pine City Township, 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, Pine City Township was a Neutral Market.
Key Takeaway
Pine City Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pine City Township, MN
How much do homes in Pine City Township, MN cost?
Median Sold Price
$285,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pine City Township have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Pine City Township was $285,000 in April 2024, up 9.6% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $169K | +12.7% |
| 2 Bedrooms | $210K | $265.5K | +26.4% |
| 3 Bedrooms | $250K | $280K | +12.0% |
| 4 Bedrooms | $282.9K | $349.9K | +23.7% |
| 5+ Bedrooms | $395K | $425K | +7.6% |
Summary: Pine City Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 26.4%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Pokegama Township | $287.5K | $320K | +11.3% |
| Pine City Township | $260K | $285K | +9.6% |
| Pine City | $260K | $285K | +9.6% |
| Chengwatana Township | $330.7K | $335.9K | +1.6% |
Housing Supply in Pine City Township, MN
How many homes are available in Pine City Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 58 | +18.4% |
Summary: The Pine City Township real estate market had 58 homes for sale in April 2024, a 18.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 15 | +25.0% |
| 3 Bedrooms | 21 | 27 | +28.6% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Pine City Township 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 25%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pine City Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Pine City Township in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Pine City Township, MN
How long does it take to sell a home in Pine City Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 52 Days | +146.5% |
Summary: Homes in Pine City Township had an average of 52 days on market in Apr 2024, up by 146.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pine City Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Pine City Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
