Is Pipestone 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, Pipestone County was a Seller's Market.
Housing Prices in Pipestone County, MN
How much do homes in Pipestone County, MN cost?
Median Sold Price
$163,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pipestone County was $163,000 in March 2024, up 10.5% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $49.5K | $48K | -3.0% |
2 Bedrooms | $109.7K | $125.6K | +14.4% |
3 Bedrooms | $136.5K | $160K | +17.2% |
4 Bedrooms | $220.4K | $185K | -16.1% |
5+ Bedrooms | $345.2K | $275K | -20.3% |
Summary: Pipestone County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 17.2%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes decreased by 20.3%.
Median Sold Price Compared To Nearby Counties
Pipestone County | $147.5K | $163K | +10.5% |
Murray County | $121.2K | $129.9K | +7.1% |
Lincoln County | $122.5K | $130K | +6.1% |
Rock County | $180K | $165K | -8.3% |
Housing Supply in Pipestone County, MN
How many homes are available in Pipestone County, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 33 | +26.9% |
Summary: The Pipestone County real estate market had 33 homes for sale in March 2024, a 26.9% 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 | 6 | 11 | +83.3% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pipestone County 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 83.3%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Pipestone County in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Pipestone County, MN
How long does it take to sell a home in Pipestone County, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 75 Days | +28.0% |
Summary: Homes in Pipestone County had an average of 75 days on market in Mar 2024, up by 28% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Pipestone County; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.