Is Pine River 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 River Township has remained a Seller's Market.
Key Takeaway
Pine River Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine River Township, MN
How much do homes in Pine River Township, MN cost?
Median Sold Price
$269,000
$155/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in Pine River Township has remained the same since last year.
Summary: The median home sold price in Pine River Township was $269,000 in April 2024, the same as last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221.7K | $140K | -36.9% |
| 2 Bedrooms | $217.7K | $185K | -15.0% |
| 3 Bedrooms | $267.5K | $275.9K | +3.1% |
| 4 Bedrooms | $349K | $319.5K | -8.5% |
| 5+ Bedrooms | $457K | $1.6M | +254.5% |
Summary: Pine River Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.9%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 254.5%.
Median Sold Price Compared To Nearby Cities
| Pine River Township | $269K | $269K | 0.0% |
| Pine River | $274.9K | $273K | -0.7% |
Housing Supply in Pine River Township, MN
How many homes are available in Pine River Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Summary: The Pine River Township real estate market had 22 homes for sale in April 2024, a 10.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pine River Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine River Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Pine River Township in April 2024, up by 100.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Pine River Township, MN
How long does it take to sell a home in Pine River Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 24 Days | -28.9% |
Summary: Homes in Pine River Township had an average of 24 days on market in Apr 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pine River Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Pine River Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
