Is Hiawatha, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hiawatha has remained a Seller's Market.
Key Takeaway
Hiawatha is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hiawatha, MN
How much do homes in Hiawatha, MN cost?
Median Sold Price
$318,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hiawatha have sold for 12.6% less than they did a year ago.
Summary: The median home sold price in Hiawatha was $318,000 in April 2024, down 12.6% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $190.7K | -13.3% |
| 2 Bedrooms | $305K | $287.2K | -5.8% |
| 3 Bedrooms | $394K | $385K | -2.3% |
| 4 Bedrooms | $414K | $395K | -4.6% |
| 5+ Bedrooms | $495K | $607K | +22.6% |
Summary: Hiawatha housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 22.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Minnehaha | $319K | $345K | +8.2% |
| Hiawatha | $363.7K | $318K | -12.6% |
Housing Supply in Hiawatha, MN
How many homes are available in Hiawatha, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The Hiawatha real estate market had 18 homes for sale in April 2024, a 5.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hiawatha housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hiawatha, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Hiawatha in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Hiawatha, MN
How long does it take to sell a home in Hiawatha, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 3 Days | -81.3% |
Summary: Homes in Hiawatha had an average of 3 days on market in Apr 2024, down by 81.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hiawatha are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Hiawatha; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
