Hillman Housing Market Report February 2025•Morrison County, Minnesota

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Housing Prices in Hillman, MN

How much do homes in Hillman, MN cost?

Housing Market Conditions

Is Hillman, 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

Hillman is a Seller's Market

Difference Since January 2025

Last month, Hillman was a Neutral Market.

Insight

Hillman 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.
$327,500$365/SqFt
+$42,500
+14.9%

Based on all homes sold in February 2025

Insight

Homes in Hillman have sold for 14.9% more than they did a month ago.

Summary: The median home sold price in Hillman was $327,500 in February 2025, up 14.9% from last month, and the median price per square foot was $365.

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.
BedsJan 2025Feb 2025Change MoM
1$285K-
N/A
2-$400K
N/A
3-$255K
N/A
4--
N/A
5--
N/A

Summary: Hillman housing price by bedroom type for February 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 did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Hillman, MN

How many homes are available in Hillman, 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
6Last MonthFeb 2025
72 months agoJan 2025
-14.3 %
Change MoMJan – Feb

Summary: The Hillman real estate market had 6 homes for sale in Feb 2025, a 14.3 % decrease compared to Jan 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
2Last MonthFeb 2025
12 months agoJan 2025
+100.0 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
110
-100.0%
233
0.0%
322
0.0%
411
0.0%
500
0.0%

Summary: Hillman housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. 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 Hillman, 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 Price2 Homes

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Hillman, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Hillman in February 2025, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Hillman, MN

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days2 Homes

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Hillman has remained consistent over time.

Summary: During February 2025, 2 homes were sold in Hillman; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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
51 DaysLast MonthFeb 2025
198 Days1 month agoJan 2025
-74.2 %
Change MoMJan – Feb

Summary: Homes in Hillman had an average listing age of 51 days in Feb 2025, down by 74.2% compared to the previous month.

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Newest Listings in Hillman, MN

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Last updated on: 3/2/2025, 11:52:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.