Is Pierz, MN 56364 a buyer’s or seller’s market?
Pierz is a buyer’s market. With about 8.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Pierz housing market right now
In the three months ending August 31, 2026, 0% of homes in Pierz, MN 56364 sold above their list price, the typical home went under contract in 15 days and there were 8.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold about as fast and the median sale price rose 10% to $314,864. Overall, Pierz is less competitive than a year ago, which gives buyers more room.
Within Morrison County, homes here sell faster than in 88% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Upsala 56384 (100% sold over asking) and Royalton 56373 (29% sold over asking) are even more competitive.
Run the numbers for 56364
Nearby markets
Bowlus 56314Seller’s market $175 /sq ftCushing 56443Balanced $201 /sq ftFlensburg 56328 — /sq ftHillman 56338Seller’s market $295 /sq ft Browse all markets →Towns like Pierz nearby
Find towns like Pierz in other states →Where Pierz is
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Questions about Pierz real estate
Is Pierz a buyer’s or seller’s market?
A buyer’s market: there were 8.3 months of supply in Pierz, MN 56364 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Pierz?
The typical home went under contract in 15 days in the latest three months.
Do homes in Pierz sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.3% of the list price.
What are property taxes in Pierz?
About 0.88% of a home’s value a year in Morrison County, or roughly $3,520 on a $400,000 home.
What is the median home price in Pierz?
The median sale price was $314,864 in the three months ending August 31, 2026, about $146 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology