$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 November 2023
At the same time last year, Hill City was a Seller's Market.
Key Takeaway
Hill City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hill City, MN
How much do homes in Hill City, MN cost?
Median Sold Price
$145,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$54,500(-27.3%)
Key Takeaway
Homes in Hill City have sold for 27.3% less than they did a year ago.
Summary: The median home sold price in Hill City was $145,000 in November 2024, down 27.3% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.4K | $125K | +22.0% |
| 2 Bedrooms | $160K | $200K | +25.0% |
| 3 Bedrooms | $308K | $155K | -49.7% |
| 4 Bedrooms | $280K | $197K | -29.6% |
| 5+ Bedrooms | $415K | - | N/A |
Summary: Hill City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 49.7%, 4 bedroom homes decreased by 29.6%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Hill City real estate market had 11 homes for sale in November 2024, a 15.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Hill City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Hill City in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 174 Days | 125 Days | -28.2% |
Summary: Homes in Hill City had an average of 125 days on market in Nov 2024, down by 28.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Hill City are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Hill City; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
