Market report, updated

Market Report

Search in the county of Pennington

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

Over the last 6 months, homes sold for 95.0% 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.

Sold tab (last 6 months) Earlier

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

Where the market stands

All homes in this report, by status.

167homes
Active66 · 40%
Under contract15 · 9%
Sold (6 mo)86 · 51%

Buyer's or seller's market?

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

4.7months 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$200K
Sold$179K

Average days on market

Active126 days
Under contract104 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 66
Average list price $230,680
Avg. days on market 126 days
Avg. price per ft² $131 Based on 44 of 66 homes
Avg. living area 2,053 ft² Based on 44 of 66 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: 44 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
525 State Avenue N$167

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$1354 days
102 2nd Street EThief River Falls, MN 56701 ———$149,900—5 days
19508 140th Street NEThief River Falls, MN 56701 322,320$350,000$1507 days
2008 Danny DriveThief River Falls, MN 56701 532,882$289,900$1008 days
22261 160th Street NEThief River Falls, MN 56701 21858$225,000$2628 days
18119 120th Avenue NEThief River Falls, MN 56701 422,280$292,000$12815 days
345 Merriam Avenue NThief River Falls, MN 56701 311,767$285,000$16118 days
611 Evergreen StreetThief River Falls, MN 56701 31—$175,000—22 days
721 Labree Avenue NThief River Falls, MN 56701 422,468$189,900$7623 days
17250 152nd Street NEThief River Falls, MN 56701 311,488$149,900$10024 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.