$47,000
Land
Listing Office: RE/MAX Results
Is Hinckley 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, Hinckley Township has remained a Seller's Market.
Key Takeaway
Hinckley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hinckley Township, MN
How much do homes in Hinckley Township, MN cost?
Median Sold Price
$247,750
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,750(+20.9%)
Key Takeaway
Homes in Hinckley Township have sold for 20.9% more than they did a year ago.
Summary: The median home sold price in Hinckley Township was $247,750 in October 2024, up 20.9% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54.2K | $41K | -24.4% |
| 2 Bedrooms | $231K | $120K | -48.1% |
| 3 Bedrooms | $265K | $263K | -0.8% |
| 4 Bedrooms | $232K | $265K | +14.2% |
| 5+ Bedrooms | - | $430K | N/A |
Summary: Hinckley Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.4%, 2 bedroom homes decreased by 48.1%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hinckley Township | $205K | $247.7K | +20.9% |
| Hinckley | $205K | $247.7K | +20.9% |
| Brook Park Township | $264K | $294K | +11.4% |
Housing Supply in Hinckley Township, MN
How many homes are available in Hinckley Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 25 | +13.6% |
Summary: The Hinckley Township real estate market had 25 homes for sale in October 2024, a 13.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hinckley Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 7 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hinckley Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Hinckley Township in October 2024, up by 100.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Hinckley Township, MN
How long does it take to sell a home in Hinckley Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 79 Days | +46.5% |
Summary: Homes in Hinckley Township had an average of 79 days on market in Oct 2024, up by 46.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hinckley Township has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Hinckley Township; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
