$3,266 Closing Credit*
$275,000
1,200 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Results - Duluth (Main)
Is Pine River, 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 River has remained a Seller's Market.
Key Takeaway
Pine River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine River, MN
How much do homes in Pine River, MN cost?
Median Sold Price
$261,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$13,450(-4.9%)
Key Takeaway
Homes in Pine River have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Pine River was $261,000 in October 2024, down 4.9% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148K | $174.9K | +18.2% |
| 2 Bedrooms | $249.4K | $163.5K | -34.5% |
| 3 Bedrooms | $274.9K | $339.3K | +23.4% |
| 4 Bedrooms | $338K | $395K | +16.9% |
| 5+ Bedrooms | $390K | $1.6M | +333.3% |
Summary: Pine River housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes decreased by 34.5%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 333.3%.
Median Sold Price Compared To Nearby Cities
| Barclay Township | $332.2K | $336K | +1.1% |
| Pine River Township | $269.5K | $261K | -3.2% |
| Pine River | $274.4K | $261K | -4.9% |
Housing Supply in Pine River, MN
How many homes are available in Pine River, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Summary: The Pine River real estate market had 27 homes for sale in October 2024, a 3.6% decrease 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 | 11 | 10 | -9.1% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Pine River 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 9.1%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine River, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Pine River in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Pine River, MN
How long does it take to sell a home in Pine River, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 22 Days | -23.6% |
Summary: Homes in Pine River had an average of 22 days on market in Oct 2024, down by 23.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pine River are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Pine River; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
