Is Pine Island, MN 55963 a buyer’s or seller’s market?

The Pine Island housing market right now

In the three months ending August 31, 2026, 21% of homes in Pine Island, MN 55963 sold above their list price, the typical home went under contract in 24 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 20 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 32%, homes sold faster (30 days then) and the median sale price rose 22% to $379,736. Overall, Pine Island is less competitive than a year ago, which gives buyers more room.

Within Goodhue County, homes here sell faster than in 88% of the county’s ZIP codes, and sell less often over asking than in 78%. On our competition score, Pine Island ranks #204 of 296 MN ZIP codes with enough sales (score 59 out of 100).

Nearby, buyers who want less competition could look at Welch 55089 (0% sold over asking) or Frontenac 55026 (0% sold over asking), while Dennison 55018 (50% sold over asking) and Goodhue 55027 (43% sold over asking) are even more competitive.