Comprehensive market data and analysis• Updated Dec 2025
18.8 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 2 | 2 | 2 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | 1 | 1 | 2 |
| 10-20 acres | - | - | - | 4 |
| 20-50 acres | - | - | 2 | 10 |
| 50-100 acres | - | 1 | 1 | 3 |
| 100+ acres | - | - | 1 | 3 |
| TOTAL | 1 | 4 | 7 | 25 |
Acreage buckets
The median price for land in Pennington County, Minnesota is currently $3K per acre. For a typical parcel, the median sale price is $75K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $25K while premium lots reached $239K.
Pennington County, Minnesota is currently a strong buyer's market with 18.8 months of supply. Buyers have more negotiating power and can take time to find the right property.
Pennington County, Minnesota currently has 18.8 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 25 active listings in Pennington County, Minnesota. 15 new listings have hit the market in the last 90 days. The median asking price is $63K.
The current absorption rate in Pennington County, Minnesota is 5.3% (3-month basis), indicating slow demand. The top-performing broker in this market is McMullen Realty.
Land in Pennington County, Minnesota typically sells within 206 days of listing. The median time on market is 152 days. Properties are moving slowly in the current strong buyer's market.
Land in Pennington County, Minnesota averages $8K per acre. The median price per acre is $3K, which may be more representative of typical transactions. Most parcels sold are around 39.2 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.
