Is Hamel, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hamel is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Hamel has remained a Seller's Market.

Key Takeaway

Hamel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Hamel, MN cost?

Median Sold Price

$665,000

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$35,100(+5.6%)

Key Takeaway

Homes in Hamel have sold for 5.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $343K$489.6K
+42.8%
3 $486.4K$507.2K
+4.3%
4 $638.9K$687K
+7.5%
5+ $785K$870K
+10.8%

Median Sold Price Compared To Nearby Cities

Corcoran
+17.1%
Maple Grove
+9.0%
Hamel
+5.6%
Medina
+1.1%

How many homes are available in Hamel, MN?

Number of Homes For Sale

Jul 2022Aug 2022%
8075-6.3%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 67
+16.7%
3 2421
-12.5%
4 2926
-10.3%
5+ 2121
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
2215-31.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hamel, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
15 Days14 Days-8.2%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hamel are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Hamel, MN

Hamel, MN has 75 homes on the market. The number of listings in Hamel, MN decreased by 6.3% between July 2022 and August 2022. The median list price of listings available in August 2022 was $665,000, while the average time on the real estate market was 14 days. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 42.8%, 3 bedrooms properties prices increased by 4.3%, prices of 4 bedrooms properties went up by 7.5%, 5 bedrooms properties prices increased by 10.8%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 16.7% more available, 3 bedrooms homes inventory decreased by 12.5%, 4 bedrooms homes inventory decreased by 10.3%, volume of 5 bedrooms homes stayed the same. In August 2022, from all listings sold in Hamel, MN there were more than 6 sold above asking price, over 5 sold below and more than 4 were sold right at the asked price.

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