Comprehensive market data and analysis• Updated Dec 2025
3.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | 1 | 1 | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 1 | 1 |
Acreage buckets
The median price for land in Pennington, Minnesota is currently $8K per acre. For a typical parcel, the median sale price is $80K. Recently, the cheapest land sold for $80K while premium lots reached $80K.
Pennington, Minnesota is currently a seller's market with 3.0 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Pennington, Minnesota currently has 3.0 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
Over the past 12 months, Pennington, Minnesota saw 1 properties sold, totaling $80K in sales volume. In just the last 3 months, 1 properties changed hands.
The 3-month absorption rate in Pennington, Minnesota is 33.3%. The 12-month rate is 8.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Pennington, Minnesota is 33.3% (3-month basis), indicating strong demand. The top-performing broker in this market is Edina Realty, Inc..
Land in Pennington, Minnesota averages $8K per acre. The median price per acre is $8K, which may be more representative of typical transactions. Most parcels sold are around 9.4 acres.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
