Is Pipestone County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Pipestone County has remained a Seller's Market.
Housing Prices in Pipestone County, MN
How much do homes in Pipestone County, MN cost?
Median Sold Price
$161,500
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pipestone County was $161,500 in May 2024, up 4.2% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $49.5K | $48K | -3.0% |
2 Bedrooms | $100K | $125K | +25.0% |
3 Bedrooms | $154K | $165K | +7.1% |
4 Bedrooms | $220.4K | $181K | -17.9% |
5+ Bedrooms | $285K | $289K | +1.4% |
Summary: Pipestone County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Counties
Lincoln County | $125K | $136.4K | +9.2% |
Pipestone County | $155K | $161.5K | +4.2% |
Murray County | $125K | $130K | +4.0% |
Rock County | $185K | $172.4K | -6.8% |
Housing Supply in Pipestone County, MN
How many homes are available in Pipestone County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 47 | +38.2% |
Summary: The Pipestone County real estate market had 47 homes for sale in May 2024, a 38.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 12 | +50.0% |
3 Bedrooms | 17 | 19 | +11.8% |
4 Bedrooms | 7 | 12 | +71.4% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Pipestone County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 9 | +125.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Pipestone County in May 2024, up by 125.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
73 Days | 56 Days | -22.4% |
Summary: Homes in Pipestone County had an average of 56 days on market in May 2024, down by 22.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Pipestone County; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.