Landydandy logo

Princeton, Minnesota Land Market Statistics

Comprehensive market data and analysis• Updated Dec 2025

Active Listings
21
Sold (12M)
33
Median Price
$125K
Market Condition
Balanced Market

Princeton, Minnesota Market Meter

Buyer'sSeller's
Balanced Market

7.9 months of supply

Market conditions are relatively balanced between buyers and sellers.

Market Overview

Median Price
$125K
Avg Price/Acre
$15K
Avg Days on Market
73
Months of Supply
7.9
YoY Price Change
-46.5%
New Listings (3M)
7

Land Market Data by Acreage

Data Type:
View:
Acreage30D3M6M12M
0-1 acres----
1-2 acres---2
2-5 acres11510
5-10 acres-122
10-20 acres-136
20-50 acres-147
50-100 acres-335
100+ acres-111
TOTAL181833
📊 Sold Counts: The total number of land parcels that sold during each time period.How to read: If "5-10 acres" shows 25 under "30D", that means 25 parcels between 5-10 acres sold in the last 30 days. The "3M" column shows sales from the last 3 months, "12M" shows the full year, etc.Higher numbers = active market with lots of buyers. Lower numbers = slower market with fewer sales.

Market Trends & Analysis

Inventory by Acreage (12 Months)

Sold
For Sale
0-1 acres0 sold / 5 listed
1-2 acres2 sold / 3 listed
2-5 acres10 sold / 6 listed
5-10 acres2 sold / 4 listed
10-20 acres6 sold / 1 listed
20-50 acres7 sold / 1 listed
50-100 acres5 sold / 1 listed
100+ acres1 sold / 0 listed

Median Price by Acreage

$0$300K$600K
1- 2
2- 5
5- 10
10- 20
20- 50
50- 100
100+

Acreage buckets

Key Market Indicators

Total Sales Volume
$7.2M
Last 12 months
Active Listings
21
Current inventory
Avg Days on Market
73
Time to sell
Price Trend (YoY)
-46.5%
Year over year

Princeton, Minnesota Land Market Analysis

How much is land worth in Princeton, Minnesota?

The median price for land in Princeton, Minnesota is currently $15K per acre. For a typical parcel, the median sale price is $125K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $83K while premium lots reached $533K.

Is now a good time to buy land in Princeton, Minnesota?

Princeton, Minnesota is currently a balanced market with 7.9 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have decreased 46.5% year-over-year.

What is the months of supply for land in Princeton, Minnesota?

Princeton, Minnesota currently has 7.9 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.

What is the average price per acre in Princeton, Minnesota?

Land in Princeton, Minnesota averages $23K per acre. The median price per acre is $15K, which may be more representative of typical transactions. Most parcels sold are around 10.0 acres.

What is the total amount sold in Princeton, Minnesota last year?

Over the past 12 months, Princeton, Minnesota saw 33 properties sold, totaling $7.2M in sales volume. In just the last 3 months, 8 properties changed hands.

What is the absorption rate for land in Princeton, Minnesota?

The 3-month absorption rate in Princeton, Minnesota is 12.7%. The 12-month rate is 13.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.

What is the median land price in Princeton, Minnesota?

The median land price in Princeton, Minnesota stands at $125K. This translates to roughly $15K per acre for the typical parcel size. The average price is $218K, indicating some higher-priced properties pulling up the average.

Data Sources & Accuracy

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.

Explore More Land Market Statistics

All States

Minnesota Counties

Other Cities in Mille Lacs County