Comprehensive market data and analysis• Updated Oct 2026
13.3 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 2 | 2 | 4 |
| 1-2 acres | 1 | 2 | 2 | 2 |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | 1 | 1 | 1 | 2 |
| 10-20 acres | - | - | - | 4 |
| 20-50 acres | - | 1 | 2 | 2 |
| 50-100 acres | - | - | 1 | 2 |
| 100+ acres | - | 1 | 2 | 3 |
| TOTAL | 3 | 7 | 10 | 20 |
Acreage buckets
The median price for land in Pennington County, Minnesota is currently $4K per acre. For a typical parcel, the median sale price is $53K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $13K while premium lots reached $320K.
Pennington County, Minnesota is currently a strong buyer's market with 13.3 months of supply. Buyers have more negotiating power and can take time to find the right property.
Pennington County, Minnesota currently has 13.3 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
There are currently 31 active listings in Pennington County, Minnesota. 3 new listings have hit the market in the last 90 days. The median asking price is $64K.
The current absorption rate in Pennington County, Minnesota is 7.5% (3-month basis), indicating slow demand. The top-performing broker in this market is Nordin Realty Inc..
Land in Pennington County, Minnesota typically sells within 104 days of listing. The median time on market is 94 days. Properties are moving at a moderate pace in the current strong buyer's market.
Land in Pennington County, Minnesota averages $28K per acre. The median price per acre is $4K, which may be more representative of typical transactions. Most parcels sold are around 6.6 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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Pennington County on LandyDandy.
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