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HAMEL, MN 55340

Real Estate Market Report  ·  Hennepin County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
75
⇩ 17.6% vs 91 last year
Pending
34
45% pending ratio
Median Price
$1,000,380
⇧ 53.9% vs $649,945 last year
Average Price
$1,193,895
⇧ 33.8% vs $892,292 last year
Days on Market
72
⇧ 71.4% vs 42 days last year

Market Context

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

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

Market Analysis

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

The HAMEL, MN real estate market (55340) currently shows 75 active listings, with 34 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 72 days on market compared to 42 days last year.

The median listing price has risen 53.9% year-over-year, from $649,945 to $1,000,380.

Whether you are buying or selling in HAMEL, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 75 this year vs 91 last year
  • Days on market: 72 now vs 42 last year

Median & Average Pricing

Year over Year
  • Median: $1,000,380 (+53.9% YoY)
  • Average: $1,193,895 (+33.8% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.9 miles — 800 listings ($690,683,631 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55340Hamel, MN 553400.0 mi75$89,542,125$1,000,380$1,193,895
55357Loretto, MN 553574.4 mi7$7,757,806$899,900$1,108,258
55356Long Lake, MN 553565.7 mi27$47,930,724$649,900$1,775,212
55374Rogers, MN 553746.9 mi116$62,411,596$494,568$538,031
55369Osseo, MN 553697.1 mi120$69,355,680$569,900$577,964
55442Minneapolis, MN 554427.5 mi31$14,890,230$439,800$480,330
55391Wayzata, MN 553918.3 mi88$238,939,008$2,222,500$2,715,216
55428Minneapolis, MN 554289.5 mi53$15,292,567$305,000$288,539
55445Minneapolis, MN 5544510.0 mi28$7,634,200$239,900$272,650
55376Saint Michael, MN 5537610.7 mi107$54,000,439$499,910$504,677
55427Minneapolis, MN 5542710.7 mi48$19,920,144$324,999$415,003
55316Champlin, MN 5531611.0 mi32$12,719,712$378,950$397,491
55328Delano, MN 5532811.9 mi68$50,289,400$500,000$739,550

Frequently Asked Questions

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

As of January 2026, there are 75 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 $1,000,380 as of January 2026, a 53.9% increase from $649,945 the prior year.

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

Homes in HAMEL, MN 55340 spend an average of 72 days on the market before going under contract, compared to 42 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 January 2026, HAMEL, MN 55340 is currently a Balanced Market. Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 72 days on market compared to 42 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 $20,008 compared to a typical 5% commission on the median listing price of $1,000,380. 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.