Is Pillager, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pillager is a buyer's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Pillager, MN

How much do homes in Pillager, MN cost?

Median Sold Price

$312,500

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$7,500(+2.5%)

Key Takeaway

Homes in Pillager have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Pillager was $312,500 in December 2024, up 2.5% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $135.6K-
N/A
2 $227.5K$311.2K
+36.8%
3 $309.6K$263.7K
-14.8%
4 $309K$485K
+57.0%
5+ $500K$542K
+8.4%

Summary: Pillager housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.8%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes increased by 57%, and 5+ bedroom homes increased by 8.4%.

Housing Supply in Pillager, MN

How many homes are available in Pillager, MN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
990.0%

Summary: The Pillager real estate market had 9 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 45
+25.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Pillager housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 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 Pillager, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Pillager in December 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Pillager, MN

How long does it take to sell a home in Pillager, MN?

Average Sale Time

Dec 2023Dec 2024CHANGE
46 Days9 Days-80.7%

Summary: Homes in Pillager had an average of 9 days on market in Dec 2024, down by 80.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 1 homes were sold in Pillager; 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.

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

Report Updated 4 Days Ago

Newest Listings in Pillager, MN

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