$1,894 Closing Credit*
$159,500
860 SqFt
1 Bed
•1 Full Bath
Listing Office: Heartland Real Estate
Is Pine River, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$257,950
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,050(-6.2%)
Key Takeaway
Homes in Pine River have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in Pine River was $257,950 in November 2024, down 6.2% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148K | $174.9K | +18.2% |
| 2 Bedrooms | $244.9K | $157K | -35.9% |
| 3 Bedrooms | $285K | $335K | +17.5% |
| 4 Bedrooms | $319.5K | $395K | +23.6% |
| 5+ Bedrooms | $1.3M | $775K | -44.4% |
Summary: Pine River housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes decreased by 35.9%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes decreased by 44.4%.
Median Sold Price Compared To Nearby Cities
| Pine River Township | $270K | $273K | +1.1% |
| Pine River | $275K | $257.9K | -6.2% |
| Barclay Township | $367.5K | $336K | -8.6% |
Housing Supply in Pine River, MN
How many homes are available in Pine River, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Summary: The Pine River real estate market had 26 homes for sale in November 2024, a 4.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Pine River housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 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. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Pine River in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 66 Days | 34 Days | -47.6% |
Summary: Homes in Pine River had an average of 34 days on market in Nov 2024, down by 47.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were 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 November 2024, 7 homes were sold in Pine River; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
