Is Pipestone County, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pipestone County is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Pipestone County, MN

How much do homes in Pipestone County, MN cost?

Median Sold Price

$170,000

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,000(+6.3%)

Key Takeaway

Homes in Pipestone County have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Pipestone County was $170,000 in November 2024, up 6.3% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $40.5K$82K
+102.5%
2 $126.2K$87.5K
-30.7%
3 $157.5K$164.9K
+4.7%
4 $187.4K$256.2K
+36.7%
5+ $275K$327.7K
+19.2%

Summary: Pipestone County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 102.5%, 2 bedroom homes decreased by 30.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 36.7%, and 5+ bedroom homes increased by 19.2%.

Median Sold Price Compared To Nearby Counties

Murray County
+35.6%
Rock County
+14.8%
Pipestone County
+6.3%
Lincoln County
+0.8%

Housing Supply in Pipestone County, MN

How many homes are available in Pipestone County, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4445+2.3%

Summary: The Pipestone County real estate market had 45 homes for sale in November 2024, a 2.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 108
-20.0%
3 1515
0.0%
4 1619
+18.8%
5+ 33
0.0%

Summary: The Pipestone County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pipestone County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Pipestone County in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Pipestone County, MN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
66 Days63 Days-4.8%

Summary: Homes in Pipestone County had an average of 63 days on market in Nov 2024, down by 4.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Pipestone County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 18 Days Ago

Newest Listings in Pipestone County, MN

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