$3,266 Closing Credit*
$275,000
1,371 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Synergy
Is Hinckley, 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, Hinckley was a Seller's Market.
Key Takeaway
Hinckley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hinckley, MN
How much do homes in Hinckley, MN cost?
Median Sold Price
$250,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+22.0%)
Key Takeaway
Homes in Hinckley have sold for 22% more than they did a year ago.
Summary: The median home sold price in Hinckley was $250,000 in November 2024, up 22% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54.2K | $41K | -24.4% |
| 2 Bedrooms | $231K | $152.5K | -34.0% |
| 3 Bedrooms | $254.9K | $264K | +3.5% |
| 4 Bedrooms | $245.5K | $273K | +11.2% |
| 5+ Bedrooms | - | $430K | N/A |
Summary: Hinckley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.4%, 2 bedroom homes decreased by 34%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hinckley | $205K | $250K | +22.0% |
| Hinckley Township | $205K | $250K | +22.0% |
Housing Supply in Hinckley, MN
How many homes are available in Hinckley, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The Hinckley real estate market had 22 homes for sale in November 2024, a 4.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Hinckley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hinckley, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Hinckley in November 2024, down by 85.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Hinckley, MN
How long does it take to sell a home in Hinckley, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 7 Days | -78.7% |
Summary: Homes in Hinckley had an average of 7 days on market in Nov 2024, down by 78.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hinckley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Hinckley; 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.
