Is Pine River, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Pine River has remained a Seller's Market.
Housing Prices in Pine River, MN
How much do homes in Pine River, MN cost?
Median Sold Price
$254,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pine River was $254,000 in March 2024, down 7.3% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $148K | -27.8% |
2 Bedrooms | $222K | $138.5K | -37.6% |
3 Bedrooms | $269K | $285K | +5.9% |
4 Bedrooms | $349K | $319.5K | -8.5% |
5+ Bedrooms | $565K | $390K | -31.0% |
Summary: Pine River housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.8%, 2 bedroom homes decreased by 37.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 31%.
Median Sold Price Compared To Nearby Cities
Pine River Township | $267.5K | $261K | -2.4% |
Pine River | $274K | $254K | -7.3% |
Housing Supply in Pine River, MN
How many homes are available in Pine River, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 19 | +26.7% |
Summary: The Pine River real estate market had 19 homes for sale in March 2024, a 26.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Pine River housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Pine River in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Pine River, MN
How long does it take to sell a home in Pine River, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 11 Days | -32.9% |
Summary: Homes in Pine River had an average of 11 days on market in Mar 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Pine River; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.