$1,543 Closing Credit*
$129,900
1,100 SqFt
2 Beds
•2 Full Baths
Listing Office: COLDWELL BANKER NORTHWOODS
Is Hill City, 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, Hill City has remained a Seller's Market.
Key Takeaway
Hill City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hill City, MN
How much do homes in Hill City, MN cost?
Median Sold Price
$155,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$32,200(-17.2%)
Key Takeaway
Homes in Hill City have sold for 17.2% less than they did a year ago.
Summary: The median home sold price in Hill City was $155,000 in October 2024, down 17.2% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.4K | $125K | +22.0% |
| 2 Bedrooms | $157.5K | $155K | -1.6% |
| 3 Bedrooms | $279K | $183.5K | -34.2% |
| 4 Bedrooms | $259.5K | $197K | -24.1% |
| 5+ Bedrooms | $415K | - | N/A |
Summary: Hill City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 34.2%, 4 bedroom homes decreased by 24.1%, and 5+ bedroom homes did not change.
Housing Supply in Hill City, MN
How many homes are available in Hill City, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Hill City real estate market had 16 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Hill City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
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 Hill City, 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 Hill City in October 2024, up by 50.0% 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 Hill City, MN
How long does it take to sell a home in Hill City, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 123 Days | 34 Days | -72.1% |
Summary: Homes in Hill City had an average of 34 days on market in Oct 2024, down by 72.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hill City has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Hill City; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
