Pennington County

A local view of the market.

The real estate market in Pennington County, Minnesota, is characterized by a median home sold price of $167,750 as of October 2024, which reflects a 2.8% decrease from the previous year. The county remains a seller's market, indicating that homes tend to sell faster and often at higher prices. The median price per square foot is $112, and the market has seen an increase in the number of homes available for sale, suggesting a dynamic real estate environment. Thief River Falls is the largest city in Pennington County, with a population of approximately 8,573. It serves as a central hub for the county's activities and services. Other notable cities include St. Hilaire, with a smaller population of around 258, and Goodridge, which is even smaller. These cities contribute to the county's overall population of about 13,612, offering a mix of urban and rural living experiences. Living in Pennington County offers a blend of rural and suburban lifestyles, with agriculture playing a significant role in the local economy. The county is known for its agricultural activities, with numerous farms contributing to the state's agricultural output. The area is appealing to those seeking a quieter, rural lifestyle with the benefits of suburban amenities. Migration patterns suggest that people are attracted to the county for its affordable living costs and the opportunity to engage in farming and other agricultural pursuits.