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HAMEL, MN 55340

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The HAMEL, MN real estate market (55340) currently shows 102 active listings, with 39 pending sales. Homes are averaging 60 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 60 days on market compared to 55 days last year.

The median listing price has risen 1.9% year-over-year, from $895,481 to $912,450.

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Market Context

Market Context

Population: 9,414  ·  Density: 102.0/mi²  ·  Median household income: $169,762

Typical home value: $591,297  ·  Homeownership: 92.0%

Market Overview

Active Listings
102
⇧ 12.1% vs 91 last year
Pending
39
38% pending ratio
Median Price
$912,450
⇧ 1.9% vs $895,481 last year
Average Price
$1,042,827
⇩ 3.1% vs $1,076,145 last year
Days on Market
60
⇧ 9.1% vs 55 days last year

Price Per Square Foot

Median $/sqft
$254
⇩ 6.6% vs $272/sqft last year
Median Home Size
3,428 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 102 this year vs 91 last year
  • Days on market: 60 now vs 55 last year

Median & Average Pricing

Year over Year
  • Median: $912,450 (+1.9% YoY)
  • Average: $1,042,827 (-3.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.9 miles — 891 listings ($830,870,649 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55340Hamel, MN 553400.0 mi81$87,108,210$917,536$1,075,410
55357Loretto, MN 553574.4 mi9$9,603,009$887,250$1,067,001
55356Long Lake, MN 553565.7 mi26$47,349,822$1,024,175$1,821,147
55374Rogers, MN 553746.9 mi123$64,592,712$488,160$525,144
55369Osseo, MN 553697.1 mi137$77,661,327$546,500$566,871
55442Minneapolis, MN 554427.5 mi30$12,816,240$425,000$427,208
55391Wayzata, MN 553918.3 mi109$352,358,305$2,417,000$3,232,645
55428Minneapolis, MN 554289.5 mi59$18,838,523$337,425$319,297
55445Minneapolis, MN 5544510.0 mi35$9,050,475$204,750$258,585
55376Saint Michael, MN 5537610.7 mi118$63,130,236$518,968$535,002
55427Minneapolis, MN 5542710.7 mi58$23,394,764$314,900$403,358
55316Champlin, MN 5531611.0 mi33$15,022,689$444,725$455,233
55328Delano, MN 5532811.9 mi73$49,944,337$482,248$684,169

Frequently Asked Questions

How many homes are for sale in HAMEL, MN 55340?

As of September 2026, there are 102 active listings in HAMEL, MN (zip code 55340), compared to 91 the prior year.

What is the median home price in HAMEL, MN 55340?

The median listing price in HAMEL, MN 55340 is $912,450 as of September 2026, a 1.9% increase from $895,481 the prior year.

How long do homes stay on the market in HAMEL, MN?

Homes in HAMEL, MN 55340 spend an average of 60 days on the market before going under contract, compared to 55 days the prior year.

Is it a seller's or buyer's market in HAMEL, MN 55340?

Based on current inventory and days-on-market data as of September 2026, HAMEL, MN 55340 is currently a Buyer's Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 60 days on market compared to 55 days last year.

How much can I save on real estate commission in HAMEL, MN?

With SELL123.com's maximum 3% commission, sellers in HAMEL, MN 55340 save an estimated $18,249 compared to a typical 5% commission on the median listing price of $912,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.