Is Hassan Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hassan Township was a Seller's Market.
Key Takeaway
Hassan Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hassan Township, MN
How much do homes in Hassan Township, MN cost?
Median Sold Price
$482,445
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hassan Township have sold for 10.5% less than they did a year ago.
Summary: The median home sold price in Hassan Township was $482,445 in May 2024, down 10.5% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $562.2K | $415K | -26.2% |
| 3 Bedrooms | $409.9K | $433.7K | +5.8% |
| 4 Bedrooms | $557.2K | $555K | -0.4% |
| 5+ Bedrooms | $809.6K | $692K | -14.5% |
Summary: Hassan Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26.2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Cities
| Otsego | $415.7K | $424.9K | +2.2% |
| Saint Michael | $430K | $434.6K | +1.1% |
| Dayton | $481.4K | $483K | 0.3% |
| Rogers | $449.9K | $437.9K | -2.7% |
| Hassan Township | $539K | $482.4K | -10.5% |
Housing Supply in Hassan Township, MN
How many homes are available in Hassan Township, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 42 | +75.0% |
Summary: The Hassan Township real estate market had 42 homes for sale in May 2024, a 75.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 11 | 16 | +45.5% |
| 4 Bedrooms | 8 | 16 | +100.0% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Hassan Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hassan Township, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Hassan Township in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Hassan Township, MN
How long does it take to sell a home in Hassan Township, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 45 Days | +33.8% |
Summary: Homes in Hassan Township had an average of 45 days on market in May 2024, up by 33.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hassan Township has remained consistent over time.
Summary: During May 2024, 7 homes were sold in Hassan Township; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
