Is Pine Island Township, 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 Island Township has remained a Seller's Market.
Housing Prices in Pine Island Township, MN
How much do homes in Pine Island Township, MN cost?
Median Sold Price
$349,900
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pine Island Township was $349,900 in April 2024, up 6.3% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $145K | N/A |
2 Bedrooms | $242.5K | $220K | -9.3% |
3 Bedrooms | $335K | $373.5K | +11.5% |
4 Bedrooms | $373.4K | $389.9K | +4.4% |
5+ Bedrooms | $450K | $547.5K | +21.7% |
Summary: Pine Island Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
Pine Island | $325K | $350.5K | +7.8% |
Pine Island Township | $329.1K | $349.9K | +6.3% |
Zumbrota | $289.9K | $299.9K | +3.5% |
Zumbrota Township | $289.9K | $299.9K | +3.5% |
Housing Supply in Pine Island Township, MN
How many homes are available in Pine Island Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 21 | +5.0% |
Summary: The Pine Island Township real estate market had 21 homes for sale in April 2024, a 5.0% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Pine Island 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Pine Island Township in April 2024, up by 166.7% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.
Days on Market for Pine Island Township, MN
How long does it take to sell a home in Pine Island Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
86 Days | 27 Days | -68.6% |
Summary: Homes in Pine Island Township had an average of 27 days on market in Apr 2024, down by 68.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Pine Island Township; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.