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PIPESTONE, MN 56164

Real Estate Market Report  ·  Pipestone County
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The PIPESTONE, MN real estate market (56164) currently shows 43 active listings, with 6 pending sales. Homes are averaging 89 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 89 days on market compared to 80 days last year.

The median listing price has risen 17.1% year-over-year, from $192,075 to $224,950.

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Market Context

Market Context

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

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

Market Overview

Active Listings
43
⇧ 13.2% vs 38 last year
Pending
6
14% pending ratio
Median Price
$224,950
⇧ 17.1% vs $192,075 last year
Average Price
$247,628
⇧ 4.9% vs $236,035 last year
Days on Market
89
⇧ 11.3% vs 80 days last year

Price Per Square Foot

Median $/sqft
$110
⇩ 11.3% vs $124/sqft last year
Median Home Size
1,965 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 43 this year vs 38 last year
  • Days on market: 89 now vs 80 last year

Median & Average Pricing

Year over Year
  • Median: $224,950 (+17.1% YoY)
  • Average: $247,628 (+4.9% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 30.0 miles — 173 listings ($55,839,364 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56164Pipestone, MN 561640.0 mi29$7,361,534$159,675$253,846
56186Woodstock, MN 5618612.6 mi0$0$49,900$49,900
56144Jasper, MN 5614414.7 mi3$584,250$194,750$194,750
56149Lake Benton, MN 5614917.4 mi7$1,160,271$129,250$165,753
56134Hardwick, MN 5613418.7 mi3$809,700$269,900$269,900
56151Lake Wilson, MN 5615120.2 mi3$993,000$331,000$331,000
57002Aurora, SD 5700223.7 mi6$1,650,000$275,000$275,000
57022Dell Rapids, SD 5702224.2 mi9$3,959,577$384,950$439,953
56147Kenneth, MN 5614724.4 mi0$0$180,000$180,000
56156Luverne, MN 5615627.3 mi33$9,022,332$239,900$273,404
57006Brookings, SD 5700629.3 mi75$29,339,100$354,900$391,188
56142Ivanhoe, MN 5614229.6 mi4$719,600$179,900$179,900
57276White, SD 5727630.0 mi1$240,000$240,000$240,000

Frequently Asked Questions

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

As of September 2026, there are 43 active listings in PIPESTONE, MN (zip code 56164), compared to 38 the prior year.

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

The median listing price in PIPESTONE, MN 56164 is $224,950 as of September 2026, a 17.1% increase from $192,075 the prior year.

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

Homes in PIPESTONE, MN 56164 spend an average of 89 days on the market before going under contract, compared to 80 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 September 2026, PIPESTONE, MN 56164 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 89 days on market compared to 80 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 $4,499 compared to a typical 5% commission on the median listing price of $224,950. 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.