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Featured local agent — Pine River, MN
Sarah Mitchell
Compass Real Estate · Pine River, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Pine River, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$224,000median sale price
How is the Pine River, MN housing market right now?
The median home sale price in Pine River, MN is $224,000, up 32.9% year-over-year. Homes sell in an average of 44 days with 7 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Pine River a buyer's or seller's market?
Pine River, MN is currently a seller's market, based on 1.8 months of supply and homes selling in about 44 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
44
Average pace
Active listings
7
1.8 months supply
Sale-to-list
97.2%
Below asking
What does the Pine River housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $224,000 |
| Median list price | $202,400 |
| Year-over-year price change | +32.9% |
| Average days on market | 44 days |
| Active inventory | 7 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 97.2% |
| Median price per sq ft | $143/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 2 |
| Listings with a price cut | 14.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Pine River by property type?
How the Pine River, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $224,000 | $143/sq ft | 4 | 44 days |
| Condo / Co-op | $123,000 | $141/sq ft | 1 | 48 days |
| Townhouse | $162,000 | $183/sq ft | 1 | 9 days |
Source: Redfin · Updated monthly
The Pine River housing market is currently classified as a seller's market with a median sale price of $224,000. Prices have risen 32.9% compared to last year, with homes spending an average of 44 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.8x provides context for how home values compare to local earning capacity.
Homes for sale in Pine River
There are currently 7 homes listed for sale in Pine River, Minnesota. The median listing price is $202K.
Active listings
7
Homes on market
Median list price
$202K
Avg. days on market
44
Days until sale
New this week
2
Newly listed
Who lives in Pine River?
Population
928
Median income
$39,858/yr
Median age
39.1 years
Owner-occupied
41.1%
College grads
15.7%
Avg commute
19.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Pine River?
Zillow home value
$269,326
Price-to-income
6.8x
Source: Zillow Research
What is it like to live in Pine River?
Pine River is a community of approximately 1K residents with a median age of 39.1 years.The median household income is $39,858, which represents a working-class community with solid middle-income opportunities. 15.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 41.1%, showing a blend of owner and renter-occupied properties. The average commute time is 19.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Pine River offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Pine River?
4 schools tracked · 879 students
The largest public schools serving Pine River, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
PINE RIVER-BACKUS ELEMENTARY
Grades PK-6 · 477 students
PINE RIVER-BACKUS HIGH SCHOOL
Grades 7-12 · 352 students
Pine River-Backus ALP
Grades 9-12 · 50 students
Pine River-Backus Midlevel ALP
Grades 7-8
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Pine River, MN?
Want a head-to-head view? Compare Pine River side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Pine River?
The median home sale price in Pine River is $224,000, up 32.9% from last year.
How long do homes stay on market in Pine River?
Homes typically spend 44 days on market before going under contract.
What is the median income in Pine River?
The median household income is $39,858 per year.
Is Pine River a buyer's or seller's market?
With 1.8 months of supply, Pine River is currently a seller's market.
What is the Zillow home value estimate for Pine River?
The Zillow Home Value Index (ZHVI) for Pine River is $269,326, representing the typical home value in the area.
What is the median condo price in Pine River?
The median condo/co-op sale price in Pine River, MN is $123,000, compared to $224,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Pine River?
The median single-family home price in Pine River, MN is $224,000 (about $143 per square foot).
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