Photo: Bobak Ha'Eri · CC BY 3.084 homes sold in Pine Island in the last year, at a typical $325K
About one sale in 6 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Pine Island homes are listed.
Every place Pine Island homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Pine Island.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 85% of Pine Island’s sales, at a typical $354K
84 homes sold in the year to May 2026.
typical sale · 71 sold in 12 months
- Per square foot
- $184MN $191
- Days to sell
- 38
- Sold over asking
- 38%
- Listings with a price cut
- 25%
Townhouses: 13 sold, typical $239K
Too few sales in 12 months for reliable figures.
More homes sell than most years, at 1.6 times the 2016 price
84 sales in the last year, against 74 in 2015 and a low of 44 in 2023. The typical sale went from $200K in 2016 to $325K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $300K buys in Pine Island
Check a listing against what Pine Island homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Pine Island are rarer than before the pandemic, and more homes are for sale
We read every month of Pine Island’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 84 sales.
If you’re buying in Pine Island
- Shop in April. It brings about 7 new listings a month, close to the busiest month, with fewer bidding wars (23% over asking).
- You can negotiate. 23% of listings have cut their price, against 18% before the pandemic.
- Bid near asking. Buyers paid 99.2% of the list price on average; 33% paid over.
- You’ll usually have time. Only 44% of homes go under contract within two weeks; the typical one takes 42 days.
Fall brings the homes; winter brings the bidding wars
September has the most new listings (about 8 a month), but February is the most competitive: 52% of February sales close over asking. April offers nearly as much choice with fewer homes bid up (23%). January has the least competition (19%) but only about 3 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Minnesota as a whole
| Pine Island now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 33% | 39% | 46% | 33% |
| Gone within two weeksShare of homes under contract within 14 days | 44% | 19% | 64% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | 23% | 18% | 12% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 99.2% | 100.3% | 102% | 99.2% |
| Days to sellMedian days from listing to contract | 42 | 60 | 20 | 35 |
18 homes for sale on a typical day
That’s twice the 2020 low (9), 25% more than in 2017–19 and well under 2013’s 25.
1 in 4 listings has cut its price
23% in the last year, against 18% in 2017–19 and 28% across Minnesota. More sellers are pricing high and coming down.
Pine Island ranks 72nd of 144 busy Minnesota markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Pine Island is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Pine Island home costs about $2,036 a month
Price: Pine Island’s typical sale, last 12 months. Property tax at Pine Island’s 1.3% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Pine Island is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in September
The month with the most choice. December has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $325K home, about $4,080 a year.
Taxes vs. neighborsSchools
The schools grade for Pine Island, from test results, graduation and how much students grow.
Schools in Pine IslandTypical commute
The average one-way trip to work for people who live in Pine Island.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Oronoco for far more
The busier markets within 25 miles of Pine Island, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Rochester | 1,741 | $349K | $179 | 35% | 25 |
| Byron | 115 | $401K | $188 | 24% | 41 |
| Kasson | 114 | $348K | $179 | 25% | 26 |
| Pine Island | 84 | $325K | $179 | 33% | 42 |
| Zumbrota | 49 | $350K | $187 | 27% | 47 |
| Wanamingo | 24 | $310K | $212 | 25% | 64 |
| Oronoco | 22 | $478K | $318 | 27% | 52 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Pine Island, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Pine Island. People who follow the town see it, and so do people comparing Pine Island with their own town. No commission, no listing fee.
Questions about buying a home in Pine Island
What do homes sell for in Pine Island, MN?
84 homes sold in the year to May 2026 at a typical $325K, $179 a square foot.
Is Pine Island a buyer’s or seller’s market?
A seller’s market: 15 homes were for sale in May 2026 and 11 sold, about 1.4 months of supply. Buyers paid 99.2% of asking on average, and 23% of listings cut their price.
When is the best time to buy in Pine Island?
September brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Pine Island?
About 1.3% of a home’s value a year. On a $325K home that’s near $4,080.
Where can I see homes for sale in Pine Island?
Zillow, Redfin, Realtor.com and Homes.com all carry Pine Island’s MLS listings; the search links above open each one filtered to Pine Island.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).