$2,018 Closing Credit*
$169,900
2,156 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Hometown Realty, Inc
Is Hector Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Hector Township has remained a Seller's Market.
Key Takeaway
Hector Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hector Township, MN
How much do homes in Hector Township, MN cost?
Median Sold Price
$187,700
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,700(+27.7%)
Key Takeaway
Homes in Hector Township have sold for 27.7% more than they did a year ago.
Summary: The median home sold price in Hector Township was $187,700 in October 2024, up 27.7% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116K | - | N/A |
| 2 Bedrooms | $98.4K | $132.2K | +34.3% |
| 3 Bedrooms | $147.5K | $152.5K | +3.3% |
| 4 Bedrooms | $179.5K | $270K | +50.4% |
| 5+ Bedrooms | $196.2K | $295K | +50.3% |
Summary: Hector Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 50.4%, and 5+ bedroom homes increased by 50.3%.
Median Sold Price Compared To Nearby Cities
| Buffalo Lake | $150K | $210K | +40.0% |
| Hector Township | $147K | $187.7K | +27.7% |
| Hector | $147K | $187.7K | +27.7% |
Housing Supply in Hector Township, MN
How many homes are available in Hector Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Summary: The Hector Township real estate market had 6 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Hector Township housing inventory by bedroom type for October 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 200%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hector Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Hector Township in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Hector Township, MN
How long does it take to sell a home in Hector Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 90 Days | 63 Days | -30.0% |
Summary: Homes in Hector Township had an average of 63 days on market in Oct 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hector Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Hector Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
