$2,553 Closing Credit*
$215,000
4,320 SqFt
6 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Advantage Plus
Is Hawthorne, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Hawthorne was a Neutral Market.
Key Takeaway
Hawthorne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hawthorne, MN
How much do homes in Hawthorne, MN cost?
Median Sold Price
$240,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$30,000(+14.3%)
Key Takeaway
Homes in Hawthorne have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Hawthorne was $240,000 in December 2024, up 14.3% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $164.9K | N/A |
| 2 Bedrooms | $160K | $197K | +23.1% |
| 3 Bedrooms | $205.5K | $222K | +8.0% |
| 4 Bedrooms | $242.5K | $260K | +7.2% |
| 5+ Bedrooms | $249.9K | $240.5K | -3.8% |
Summary: Hawthorne housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Fairmount Park | $190K | $240K | +26.3% |
| Harmony Terrace | $197.4K | $245.5K | +24.3% |
| Hawthorne | $210K | $240K | +14.3% |
Housing Supply in Hawthorne, MN
How many homes are available in Hawthorne, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The Hawthorne real estate market had 19 homes for sale in December 2024, a 17.4% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hawthorne housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hawthorne, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Hawthorne in December 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Hawthorne, MN
How long does it take to sell a home in Hawthorne, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 48 Days | 54 Days | +13.2% |
Summary: Homes in Hawthorne had an average of 54 days on market in Dec 2024, up by 13.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hawthorne are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 5 homes were sold in Hawthorne; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
