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PIPESTONE, MN 56164

Real Estate Market Report  ·  Pipestone County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
25
vs 25 last year
Pending
7
28% pending ratio
Median Price
$156,000
⇩ 10.7% vs $174,650 last year
Average Price
$277,171
⇧ 29.3% vs $214,393 last year
Days on Market
85
⇩ 5.6% vs 90 days last year

Market Context

Population: 5,642  ·  Density: 9.1/mi²  ·  Median household income: $75,361

Typical home value: $138,068  ·  Homeownership: 76.0%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The PIPESTONE, MN real estate market (56164) currently shows 25 active listings, with 7 pending sales. Homes are averaging 85 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 85 days on market compared to 90 days last year.

The median listing price has fallen 10.7% year-over-year, from $174,650 to $156,000.

Whether you are buying or selling in PIPESTONE, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 85 now vs 90 last year

Median & Average Pricing

Year over Year
  • Median: $156,000 (-10.7% YoY)
  • Average: $277,171 (+29.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 29.6 miles — 169 listings ($55,496,309 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56164Pipestone, MN 561640.0 mi25$6,929,275$156,000$277,171
56186Woodstock, MN 5618612.6 mi2$99,800$49,900$49,900
56144Jasper, MN 5614414.7 mi3$513,978$173,977$171,326
56149Lake Benton, MN 5614917.4 mi7$1,602,720$89,900$228,960
56134Hardwick, MN 5613418.7 mi4$1,079,600$269,900$269,900
56151Lake Wilson, MN 5615120.2 mi4$1,324,000$331,000$331,000
57002Aurora, SD 5700223.7 mi6$2,049,600$339,900$341,600
57022Dell Rapids, SD 5702224.2 mi9$4,761,000$349,950$529,000
56147Kenneth, MN 5614724.4 mi1$180,000$180,000$180,000
56169Russell, MN 5616925.4 mi3$382,500$127,500$127,500
56156Luverne, MN 5615627.3 mi29$7,871,412$237,450$271,428
57006Brookings, SD 5700629.3 mi72$28,104,624$354,900$390,342
56142Ivanhoe, MN 5614229.6 mi4$597,800$149,450$149,450

Frequently Asked Questions

How many homes are for sale in PIPESTONE, MN 56164?

As of January 2026, there are 25 active listings in PIPESTONE, MN (zip code 56164), compared to 25 the prior year.

What is the median home price in PIPESTONE, MN 56164?

The median listing price in PIPESTONE, MN 56164 is $156,000 as of January 2026, a 10.7% decrease from $174,650 the prior year.

How long do homes stay on the market in PIPESTONE, MN?

Homes in PIPESTONE, MN 56164 spend an average of 85 days on the market before going under contract, compared to 90 days the prior year.

Is it a seller's or buyer's market in PIPESTONE, MN 56164?

Based on current inventory and days-on-market data as of January 2026, PIPESTONE, MN 56164 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 85 days on market compared to 90 days last year.

How much can I save on real estate commission in PIPESTONE, MN?

With SELL123.com's maximum 3% commission, sellers in PIPESTONE, MN 56164 save an estimated $3,120 compared to a typical 5% commission on the median listing price of $156,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.