Is Hastings, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hastings has remained a Seller's Market.
Key Takeaway
Hastings is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hastings, MN
How much do homes in Hastings, MN cost?
Median Sold Price
$340,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hastings have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Hastings was $340,000 in April 2024, up 9.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | - | N/A |
| 2 Bedrooms | $240K | $279K | +16.3% |
| 3 Bedrooms | $290K | $316.2K | +9.1% |
| 4 Bedrooms | $370K | $420K | +13.5% |
| 5+ Bedrooms | $589.9K | $477.7K | -19.0% |
Summary: Hastings housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 19%.
Median Sold Price Compared To Nearby Cities
| Hastings | $311K | $340K | +9.3% |
| Ravenna Township | $495K | $480K | -3.0% |
Housing Supply in Hastings, MN
How many homes are available in Hastings, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 82 | 91 | +11.0% |
Summary: The Hastings real estate market had 91 homes for sale in April 2024, a 11.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 23 | +15.0% |
| 3 Bedrooms | 35 | 35 | 0.0% |
| 4 Bedrooms | 15 | 20 | +33.3% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Hastings housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +19.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hastings, you may be able to get a good deal. 48% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Hastings in April 2024, up by 19.0% month-over-month. Of the 25 sold homes, 48% were sold under asking, 12% were sold at asking, and 40% were sold over asking.
Days on Market for Hastings, MN
How long does it take to sell a home in Hastings, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 30 Days | -12.5% |
Summary: Homes in Hastings had an average of 30 days on market in Apr 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hastings are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in Hastings; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
