Pine County Housing Market Report February 2025•Pine County, Minnesota

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Housing Prices in Pine County, MN

How much do homes in Pine County, MN cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Pine County is a Seller's Market

Difference Since February 2024

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

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$282,916$178/SqFt
+$25,216
+9.8%

Based on all homes sold in the last 12 months

Insight

Homes in Pine County have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in Pine County was $282,916 in February 2025, up 9.8% from last year, and the median price per square foot was $178.

Median Sold Price By Counties

Median Sold Price By Counties
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Carlton County
+10.3%
Douglas County
+10.0%
Pine County
+9.8%
Burnett County
+1.9%
Kanabec County
+1.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$115K$101.5K
-11.7%
2$238.4K$242.2K
+1.6%
3$264.4K$298.3K
+12.8%
4$350K$350K
0.0%
5$420K$387.5K
-7.7%

Summary: Pine County housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -11.7%. The home price for 2 bedroom homes increased by +1.6%. The home price for 3 bedroom homes increased by +12.8%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes decreased by -7.7%.

Housing supply in Pine County, MN

How many homes are available in Pine County, MN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
121Last MonthFeb 2025
1072 months agoJan 2025
+13.1 %
Change MoMJan – Feb

Summary: The Pine County real estate market had 121 homes for sale in Feb 2025, a 13.1 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
23Last MonthFeb 2025
152 months agoJan 2025
+53.3 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
1810
+25.0%
23131
0.0%
34045
+12.5%
41923
+21.1%
5912
+33.3%

Summary: Pine County housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +25.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +12.5%. The inventory for 4 bedroom homes increased by +21.1%. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in Pine County, MN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price8 Homes

Under Asking Price13 Homes

Insight

If you're buying a home in Pine County, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Pine County in February 2025, up by 53.3% month-over-month. Of the 23 sold homes, 57% were sold under asking, 35% were sold at asking, and and 9% were sold over asking.

Days on Market for Pine County, MN

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

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days10 Homes

Over 90 Days11 Homes

Insight

Most homes in Pine County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 23 homes were sold in Pine County; 9% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
86 DaysThis YearFeb 2025
61 Days1 year agoFeb 2024
+40.8 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Pine County had an average listing age of 86 days in Feb 2025, up by 40.8% compared to the previous year.

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Newest Listings in Pine County, MN

What homes are available in Pine County, MN?

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Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., Lake Superior Area MLS, and Wisconsin Real Estate Exchange for the period 03/01/2023 - 03/01/2025

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Last updated on: 3/3/2025, 4:22:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 3/3/2025, 4:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 4:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.