Is Pine County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Pine County was a Seller's Market.
Key Takeaway
Pine County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pine County, MN
How much do homes in Pine County, MN cost?
Median Sold Price
$257,700
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pine County have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Pine County was $257,700 in March 2024, up 7.4% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123K | $85.5K | -30.5% |
| 2 Bedrooms | $210.5K | $236.9K | +12.6% |
| 3 Bedrooms | $249.9K | $261.7K | +4.7% |
| 4 Bedrooms | $259.7K | $360K | +38.6% |
| 5+ Bedrooms | $385K | $425K | +10.4% |
Summary: Pine County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.5%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 38.6%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Counties
| Pine County | $239.9K | $257.7K | +7.4% |
| Douglas County | $210K | $215.7K | +2.7% |
| Kanabec County | $250K | $255.3K | +2.1% |
| Burnett County | $279.5K | $270K | -3.4% |
Housing Supply in Pine County, MN
How many homes are available in Pine County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 113 | 142 | +25.7% |
Summary: The Pine County real estate market had 142 homes for sale in March 2024, a 25.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 28 | 39 | +39.3% |
| 3 Bedrooms | 52 | 63 | +21.2% |
| 4 Bedrooms | 19 | 24 | +26.3% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Pine County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 39.3%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 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. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Pine County in March 2024, the same as the previous month. Of the 19 sold homes, 53% were sold under asking, 11% were sold at asking, and 37% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 82 Days | 25 Days | -69.7% |
Summary: Homes in Pine County had an average of 25 days on market in Mar 2024, down by 69.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 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 March 2024, 19 homes were sold in Pine County; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
