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HILL CITY, MN 55748

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The HILL CITY, MN real estate market (55748) currently shows 9 active listings, with 1 pending sales. Homes are averaging 99 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 99 days on market compared to 20 days last year.

The median listing price has risen 64.6% year-over-year, from $204,950 to $337,400.

Whether you are buying or selling in HILL CITY, 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 Context

Market Context

Population: 1,374  ·  Density: 3.5/mi²  ·  Median household income: $55,167

Typical home value: $182,704  ·  Homeownership: 77.8%

Market Overview

Active Listings
9
⇩ 35.7% vs 14 last year
Pending
1
11% pending ratio
Median Price
$337,400
⇧ 64.6% vs $204,950 last year
Average Price
$922,788
⇧ 218.5% vs $289,740 last year
Days on Market
99
⇧ 395% vs 20 days last year

Price Per Square Foot

Median $/sqft
$277
⇧ 18.9% vs $233/sqft last year
Median Home Size
1,112 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 14 last year
  • Days on market: 99 now vs 20 last year

Median & Average Pricing

Year over Year
  • Median: $337,400 (+64.6% YoY)
  • Average: $922,788 (+218.5% 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 34.8 miles — 121 listings ($66,200,925 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55748Hill City, MN 557480.0 mi5$5,064,440$512,200$1,012,888
56469Palisade, MN 5646915.2 mi2$1,132,416$499,725$566,208
55752Jacobson, MN 5575216.4 mi2$899,902$449,951$449,951
55744Grand Rapids, MN 5574417.0 mi49$22,011,143$418,425$449,207
56672Remer, MN 5667220.8 mi7$2,910,649$462,500$415,807
56447Emily, MN 5644722.7 mi5$2,183,000$349,900$436,600
56448Fifty Lakes, MN 5644827.4 mi2$1,450,000$725,000$725,000
55787Tamarack, MN 5578728.8 mi4$1,608,052$419,025$402,013
55760Mcgregor, MN 5576029.8 mi16$9,960,528$612,400$622,533
55709Bovey, MN 5570930.1 mi14$12,797,722$393,749$914,123
55736Floodwood, MN 5573631.9 mi2$682,500$341,250$341,250
56441Crosby, MN 5644133.7 mi11$4,721,673$431,725$429,243
55798Wright, MN 5579834.8 mi2$778,900$389,450$389,450

Frequently Asked Questions

How many homes are for sale in HILL CITY, MN 55748?

As of March 2026, there are 9 active listings in HILL CITY, MN (zip code 55748), compared to 14 the prior year.

What is the median home price in HILL CITY, MN 55748?

The median listing price in HILL CITY, MN 55748 is $337,400 as of March 2026, a 64.6% increase from $204,950 the prior year.

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

Homes in HILL CITY, MN 55748 spend an average of 99 days on the market before going under contract, compared to 20 days the prior year.

Is it a seller's or buyer's market in HILL CITY, MN 55748?

Based on current inventory and days-on-market data as of March 2026, HILL CITY, MN 55748 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 99 days on market compared to 20 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HILL CITY, MN 55748 save an estimated $6,748 compared to a typical 5% commission on the median listing price of $337,400. 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.