Hendrum Housing Market Report May 2025•Norman County, Minnesota

hero building illustration for mobile

Housing Prices in Hendrum, MN

How much do homes in Hendrum, MN cost?

Housing Market Conditions

Is Hendrum, MN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Hendrum is a Seller's Market

Difference Since April 2025

Last month, Hendrum has remained a Seller's Market.

Insight

Hendrum is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$100,000$67/SqFt
-$95,000
-48.7%

Based on all homes sold in May 2025

Insight

Homes in Hendrum have sold for 48.7% less than they did a month ago.

Summary: The median home sold price in Hendrum was $100,000 in May 2025, down 48.7% from last month, and the median price per square foot was $67.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Hendrum Township
-48.7%
Hendrum
-48.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2025May 2025Change MoM
1--
N/A
2--
N/A
3$195K$100K
-48.7%
4--
N/A
5--
N/A

Summary: Hendrum housing price by bedroom type for May 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -48.7%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Hendrum, MN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Hendrum, MN

Housing supply in Hendrum, MN

How many homes are available in Hendrum, MN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
1Last MonthMay 2025
22 months agoApr 2025
-50.0 %
Change MoMApr – May

Summary: The Hendrum real estate market had 1 homes for sale in May 2025, a 50.0 % decrease compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthMay 2025
12 months agoApr 2025
0.0 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
200
0.0%
321
-50.0%
400
0.0%
500
0.0%

Summary: Hendrum housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -50.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Hendrum, MN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Hendrum, 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 Hendrum in May 2025, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Hendrum, MN

How long does it take to sell a home in Hendrum, MN?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Most homes in Hendrum are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2025, 1 homes were sold in Hendrum; 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.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
124 DaysLast MonthMay 2025
20 Days1 month agoApr 2025
+520.0 %
Change MoMApr – May

Summary: Homes in Hendrum had an average listing age of 124 days in May 2025, up by 520.0% compared to the previous month.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Hendrum, MN

What homes are available in Hendrum, MN?

New listings aren’t available for Hendrum, MN

Nearby markets

Nearby markets aren't available for Hendrum, MN

Popular Cities with Homes for Sale in Minnesota

MLS Disclaimers and Copyright