Why Live in Pipestone
Pipestone was named after a rock that the Sioux people used to carve ceremonial pipes. Quarries of pipestone and quartzite cliffs continue to define this prairie town — Pipestone’s noteworthy recreation sites and architecture incorporate these rocks. Secluded in the Great Plains, Pipestone is about 50 miles from Sioux Falls, the nearest major metro. The rural small town has a population of approximately 4,100, who enjoy local businesses on Main Street and quirky community events like the Water Tower Festival. The middle of Pipestone offers streets lined with leafy maple trees and historical homes. The architecture here includes Craftsman bungalows, which range from $60,000 to $320,000. Surrounding the more established houses are midcentury ranch-style homes, which range from $110,000 to $340,000. The edges of Pipestone have contemporary homes on the market for $230,000 to $430,000, including new construction coming up on the east side of the city. “There’s a lot of potential here in town — twin homes are currently being built, and there are several lots to build new homes on,” Reese says. “I'd say the last three to four months have been moving very fast. Inventory is up,” Reese
Home Trends in Pipestone, MN
On average, homes in Pipestone, MN sell after 99 days on the market compared to the national average of 50 days. The median sale price for homes in Pipestone, MN over the last 12 months is $160,000, down 6% from the median home sale price over the previous 12 months.
Median Sale Price
$160,000
Median Single Family Sale Price
$164,600
Median Townhouse Sale Price
$171,000
Median 2 Bedroom Sale Price
$79,500
Average Price Per Sq Ft
$108
Number of Homes for Sale
22
Last 12 months Home Sales
69
Median List Price
$170,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-6%