Is Pipestone County, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pipestone County is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Pipestone County was a Seller's Market.

Key Takeaway

Pipestone County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$15,500(+10.5%)

Key Takeaway

Homes in Pipestone County have sold for 10.5% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $49.5K$48K
-3.0%
2 $109.7K$125.6K
+14.4%
3 $136.5K$160K
+17.2%
4 $220.4K$185K
-16.1%
5+ $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
+10.5%
Murray County
+7.1%
Lincoln County
+6.1%
Rock County
-8.3%

Housing Supply in Pipestone County, MN

How many homes are available in Pipestone County, MN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2633+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 611
+83.3%
3 1417
+21.4%
4 54
-20.0%
5+ 11
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 2024Mar 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pipestone County, you may be able to get a good deal. 75% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
58 Days75 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pipestone County are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Pipestone County, MN

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