$2,077 Closing Credit*
$174,900
1,540 SqFt
2 Beds
•1 Full Bath
Listing Office: Northern Lights Realty, LLC
Is Pine City, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Pine City has remained a Seller's Market.
Key Takeaway
Pine City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine City, MN
How much do homes in Pine City, MN cost?
Median Sold Price
$307,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,000(+9.6%)
Key Takeaway
Homes in Pine City have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Pine City was $307,000 in October 2024, up 9.6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $249.9K | +78.5% |
| 2 Bedrooms | $254K | $260K | +2.4% |
| 3 Bedrooms | $279.9K | $310K | +10.7% |
| 4 Bedrooms | $357.1K | $352.9K | -1.2% |
| 5+ Bedrooms | $400K | $286.5K | -28.4% |
Summary: Pine City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.5%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 28.4%.
Median Sold Price Compared To Nearby Cities
| Pokegama Township | $280K | $361K | +28.9% |
| Pine City | $280K | $307K | +9.6% |
| Pine City Township | $280K | $307K | +9.6% |
Housing Supply in Pine City, MN
How many homes are available in Pine City, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 64 | +4.9% |
Summary: The Pine City real estate market had 64 homes for sale in October 2024, a 4.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 24 | 27 | +12.5% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Pine City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine City, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Pine City in October 2024, up by 55.6% month-over-month. Of the 14 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Pine City, MN
How long does it take to sell a home in Pine City, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 50 Days | -1.0% |
Summary: Homes in Pine City had an average of 50 days on market in Oct 2024, down by 1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pine City has remained consistent over time.
Summary: During October 2024, 14 homes were sold in Pine City; 36% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
