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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hastings is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Hastings, MN

How much do homes in Hastings, MN cost?

Median Sold Price

$333,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$18,000(+5.7%)

Key Takeaway

Homes in Hastings have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Hastings was $333,000 in February 2024, up 5.7% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $160K-
N/A
2 $241K$260K
+7.9%
3 $289K$311.5K
+7.8%
4 $377.9K$399.5K
+5.7%
5+ $596.6K$465K
-22.1%

Summary: Hastings housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 22.1%.

Housing Supply in Hastings, MN

How many homes are available in Hastings, MN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6778+16.4%

Summary: The Hastings real estate market had 78 homes for sale in February 2024, a 16.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1319
+46.2%
3 3637
+2.8%
4 810
+25.0%
5+ 1012
+20.0%

Summary: The Hastings housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 46.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1114+27.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hastings, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Hastings in February 2024, up by 27.3% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.

Days on Market for Hastings, MN

How long does it take to sell a home in Hastings, MN?

Average Sale Time

Feb 2023Feb 2024CHANGE
24 Days58 Days+135.2%

Summary: Homes in Hastings had an average of 58 days on market in Feb 2024, up by 135.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Hastings has remained consistent over time.

Summary: During February 2024, 14 homes were sold in Hastings; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

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

Report Updated 28 Days Ago

Newest Listings in Hastings, MN

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