Is Hamel, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Hamel was a Seller's Market.
Housing Prices in Hamel, MN
How much do homes in Hamel, MN cost?
Median Sold Price
$670,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Hamel was $670,000 in June 2024, up 1.3% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $424.9K | $374.4K | -11.9% |
3 Bedrooms | $474.6K | $477.5K | +0.6% |
4 Bedrooms | $684.8K | $694.7K | +1.5% |
5+ Bedrooms | $859.9K | $874.9K | +1.8% |
Summary: Hamel housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
Loretto | $485K | $640K | +32.0% |
Medina | $800K | $823.3K | +2.9% |
Maple Grove | $396.1K | $401.8K | +1.4% |
Hamel | $661.3K | $670K | +1.3% |
Corcoran | $584.9K | $559.5K | -4.3% |
Housing Supply in Hamel, MN
How many homes are available in Hamel, MN?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
152 | 169 | +11.2% |
Summary: The Hamel real estate market had 169 homes for sale in June 2024, a 11.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 44 | 64 | +45.5% |
4 Bedrooms | 50 | 53 | +6.0% |
5+ Bedrooms | 48 | 42 | -12.5% |
Summary: The Hamel housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
35 | 21 | -40.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Hamel in June 2024, down by 40.0% month-over-month. Of the 21 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% were sold over asking.
Days on Market for Hamel, MN
How long does it take to sell a home in Hamel, MN?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
18 Days | 15 Days | -15.3% |
Summary: Homes in Hamel had an average of 15 days on market in Jun 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 21 homes were sold in Hamel; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.