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Featured local agent — Pine Springs, MN
Sarah Mitchell
Compass Real Estate · Pine Springs, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Pine Springs, MN Housing Market
The typical home in Pine Springs, MN is worth $626,362, rose 4.6% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $290,000 (through May 2026). With homes going under contract in about 45 days, Pine Springs is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $626,362 home is about $3,344/mo in principal and interest.
Key numbers for Pine Springs, MN
Typical home value
$626,362
+4.6% in 12 months
Zillow, August 2026
Median sale price
$290,000
Last published period
Redfin, through December 2025
Days on market
45
Average pace
Redfin, through December 2025
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$167,750
Home costs 3.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
95.1%
Selling below asking
Redfin, through December 2025
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Pine Springs a buyer's or seller's market?
Pine Springs, MN is a leaning buyer's and homes selling in about 45 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Pine Springs housing market data show?
Every row below is Redfin's final published month for Pine Springs, MN. Redfin, through December 2025
| Metric | Value |
|---|---|
| Median sale price | $290,000 |
| Median price per sq ft | $155/sq ft |
| Median days on market | 45 days |
| Sale-to-list price ratio | 95.1% |
| Homes sold (that month) | 1 |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Pine Springs is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Pine Springs is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Pine Springs home prices moved?
Across the 13 months we hold for Pine Springs, MN, the median sale price fell 57.7%, from $685,000 in September 2021 to $290,000. The live Zillow value series has rose 4.6% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through December 2025 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Pine Springs?
Priced off the typical home value of $626,362 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $125,272 | $501,089 | $3,344/mo |
| 5% | $31,318 | $595,044 | $3,971/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $3,344, that implies roughly $143,308 a year before you add taxes and insurance. The median household in Pine Springs earns $167,750, about $24,442 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.7x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Pine Springs in the next 12 months?
Tell us your timeline. We send the Pine Springs market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Pine Springs?
Zillow does not publish a rent index (ZORI) for Pine Springs, MN, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Pine Springs?
Active listings in Pine Springs, MN went from 1 in September 2021 to 1 in April 2025, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings |
|---|---|
| September 2021 | 1 |
| April 2025 | 1 |
Redfin, through April 2025
How does Pine Springs compare to Minnesota and the U.S.?
Pine Springs homes sell for $290,000 — 22% below the Minnesota median of $372,300. Against the national median of $410,700, Pine Springs runs 29% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Pine Springs, MN | $290,000 | not published | 45 days |
| Minnesota statewide | $372,300 | +1.3% | 25 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through December 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Pine Springs
What buyers should watch
- The gap between 5% and 20% down here is $627 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $626,362 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Pine Springs listing goes under contract in 45 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 95.1% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved +4.6% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Pine Springs varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Pine Springs
Explore homes currently listed for sale in Pine Springs, Minnesota across major real estate platforms.
How much do homes cost in Pine Springs by property type?
How the Pine Springs, MN market breaks down across single-family homes, condos and townhouses. Redfin, through December 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $290,000 | $155/sq ft | 1 | 45 days |
Who lives in Pine Springs?
American Community Survey estimates for Pine Springs. U.S. Census ACS, 2023
Population
412
Households
147
Median income
$167,750/yr
Median age
43.3 years
Owner-occupied
99.3%
Median home value
$613,600
Mean commute
24.3 min
99.3% of occupied homes in Pine Springs are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $613,600 against Zillow's $626,362 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Pine Springs, MN?
Ordered by distance from Pine Springs, not by size. Compare Pine Springs side by side with any of them.
Pine Springs housing market FAQ
Is Pine Springs a buyer's or seller's market?
Pine Springs, MN is currently a leaning buyer's based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Pine Springs?
The typical home in Pine Springs, MN is worth $626,362 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $290,000, about $155 per square foot.
Is Pine Springs cheaper than the rest of Minnesota?
Pine Springs's median sale price of $290,000 is 22% lower than the Minnesota statewide median of $372,300, and 29% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Pine Springs?
Homes in Pine Springs, MN spent a median of 45 days on market before going under contract, versus 25 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Pine Springs?
At the current 30-year fixed rate of 7.03%, 20% down on a $626,362 home is about $3,344 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $143,308 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $167,750.
Are home prices rising in Pine Springs?
The typical home value in Pine Springs, MN rose 4.6% over the last 12 months, from $598,822 to $626,362 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Pine Springs?
Pine Springs ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Pine Springs?
That depends on your timeline, not on a headline. What the data says today: Pine Springs, MN is a leaning buyer's, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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