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Pennington County Home Values and Market Report

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LakeMinnetonkaRealEstate.com
Report prepared by LakeMinnetonkaRealEstate.com
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Market at a glance

Over the last 12 months, homes sold for 94.5% of list price in 115 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $164K Sold · $156K
$320K$250K$180K$110K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 17 sales in Aug. Last month: 10.

Where the market stands

All homes in this report, by status.

220homes
Active67 · 30%
Under contract14 · 6%
Sold (12 mo)139 · 63%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

4.8months of inventory
Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$231K
Under contract$199K
Sold$178K

Average days on market

Active124 days
Under contract107 days
Sold115 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 67
Average list price $230,513
Avg. days on market 124 days
Avg. price per ft² $131 Based on 45 of 67 homes
Avg. living area 2,036 ft² Based on 45 of 67 homes
Avg. beds / baths 3.4 / 2.2

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

22 homes didn’t report living area and aren’t shown.

$900K$600K$300K$0

Price vs. living area: 45 homes plotted, up to $900K and 15,000 ft².

0 ft²5,00010,00015,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

22 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes in this status.

18121 120th Avenue NE$313
22261 160th Street NE$262
922 Tindolph Avenue S$214
1221 Knight Avenue N$176
17262 130th Avenue NE$172
128 Eastwood Drive$170
721 Main Avenue N$169

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
410 S Arnold Avenue SThief River Falls, MN 56701 321,176$159,900$1353 days
102 2nd Street EThief River Falls, MN 56701 ———$149,900—4 days
19508 140th Street NEThief River Falls, MN 56701 322,320$350,000$1506 days
2008 Danny DriveThief River Falls, MN 56701 532,882$289,900$1007 days
22261 160th Street NEThief River Falls, MN 56701 21858$225,000$2627 days
18119 120th Avenue NEThief River Falls, MN 56701 422,280$292,000$12814 days
345 Merriam Avenue NThief River Falls, MN 56701 311,767$285,000$16117 days
611 Evergreen StreetThief River Falls, MN 56701 31—$175,000—21 days
721 Labree Avenue NThief River Falls, MN 56701 422,468$189,900$7622 days
17250 152nd Street NEThief River Falls, MN 56701 311,488$149,900$10023 days
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These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.