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 seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Pipestone County has remained a Seller's Market.

Key Takeaway

Pipestone County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pipestone County, MN

How much do homes in Pipestone County, MN cost?

Median Sold Price

$172,000

$94/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,500(+9.2%)

Key Takeaway

Homes in Pipestone County have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Pipestone County was $172,000 in October 2024, up 9.2% from last year, and the median price per square foot was $94.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $40.5K$82K
+102.5%
2 $81K$125K
+54.3%
3 $148.7K$169K
+13.6%
4 $183.4K$245K
+33.6%
5+ $265K$338.7K
+27.8%

Summary: Pipestone County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 102.5%, 2 bedroom homes increased by 54.3%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 33.6%, and 5+ bedroom homes increased by 27.8%.

Median Sold Price Compared To Nearby Counties

Murray County
+31.0%
Rock County
+18.3%
Lincoln County
+9.3%
Pipestone County
+9.2%

Housing Supply in Pipestone County, MN

How many homes are available in Pipestone County, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3847+23.7%

Summary: The Pipestone County real estate market had 47 homes for sale in October 2024, a 23.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 1217
+41.7%
4 1317
+30.8%
5+ 33
0.0%

Summary: The Pipestone County 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 remained the same, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 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. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Pipestone County in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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

Oct 2023Oct 2024CHANGE
60 Days79 Days+32.4%

Summary: Homes in Pipestone County had an average of 79 days on market in Oct 2024, up by 32.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pipestone County has remained consistent over time.

Summary: During October 2024, 8 homes were sold in Pipestone County; 0% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 38% 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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