$3,266 Closing Credit*
$275,000
1,200 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Results - Duluth (Main)
Is Pine River Township, 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 Township has remained a Seller's Market.
Key Takeaway
Pine River Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine River Township, MN
How much do homes in Pine River Township, MN cost?
Median Sold Price
$261,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$8,500(-3.2%)
Key Takeaway
Homes in Pine River Township have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Pine River Township was $261,000 in October 2024, down 3.2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148K | $174.9K | +18.2% |
| 2 Bedrooms | $227.9K | $180K | -21.0% |
| 3 Bedrooms | $272.5K | $325K | +19.3% |
| 4 Bedrooms | $331.5K | $390K | +17.6% |
| 5+ Bedrooms | $313.5K | $1.6M | +439.1% |
Summary: Pine River Township 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 21%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 439.1%.
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 Township, MN
How many homes are available in Pine River Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 36 | -5.3% |
Summary: The Pine River Township real estate market had 36 homes for sale in October 2024, a 5.3% 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 | 16 | 14 | -12.5% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Pine River Township 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 12.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine River Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Pine River Township in October 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Pine River Township, MN
How long does it take to sell a home in Pine River Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 28 Days | -8.0% |
Summary: Homes in Pine River Township had an average of 28 days on market in Oct 2024, down by 8% compared to last year.
Breakdown of Home Sale Times
6 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Pine River Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
