Hammond, MN Foreclosures
Current Market Conditions in in Hammond, MN As of February 2026?
In the past month, the Hammond real estate market has shown slight fluctuations, characteristic of seasonal trends. Increased showings and inquiries suggest a probable uptick in transactions as we approach the peak home-buying season. Coupled with the ongoing low interest rates, buyers are motivated to make offers, but they are also cautious due to limited inventory. Sellers are encouraged to price competitively to attract serious buyers in this changing landscape, highlighting the importance of staying informed about local market trends.
How much do homes sell for in Hammond, MN?
The average home price is currently $206,800.
In Hammond, MN, how many homes are available?
There are currently 1 active home listings available in Hammond.
What’s the average rental cost in Hammond, MN?
The average rental price in Hammond is $1,365.
What is the most expensive home in Hammond?
The most expensive home sold in Hammond had a price of $455,211.
What is currently the cheapest priced home in Hammond, MN?
The cheapest home for sale in Hammond is priced at $88,408.
Living in Hammond, MN
Hammond, MN, is a small, welcoming town best known for its riverside location and strong community values. With beautiful parks and scenic views, residents enjoy a peaceful lifestyle complemented by local amenities. The area's commitment to education and outdoor activities makes it a prime destination for families and nature lovers alike.
Buyer vs Seller Market in Hammond, MN
Hammond's real estate market has been steadily improving, with a noticeable increase in property values over the past year. The demand for homes in this peaceful environment is on the rise, fueled by buyers looking for affordable housing options outside of larger cities. Inventory levels have remained relatively balanced, allowing for competitive buying opportunities.
Interest rates have played a significant role in shaping the market. Many buyers have been motivated by historically low mortgage rates, allowing them to afford larger homes or invest in properties that were previously out of reach. As urban dwellers increasingly seek quieter retreats, Hammond has emerged as a popular choice.
Home Value Estimator For Hammond, MN
There are currently 64 real estate properties
in Hammond, MN,
with a median automated valuation model (AVM) price
of $171,759.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Hammond, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Hammond, MN,
is $206,800.00, with the most expensive house
in Hammond, MN, topping out
at $455,211.00 and the cheapest home
in Hammond, MN,
clocking in at $88,408.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hammond, MN!
Rent Prices
In Hammond, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hammond, MN, is on
a rollercoaster ride. The
average rent price in Hammond, MN,
is $1,365.00. Indeed, when looking to rent in
Hammond, MN, you can expect to pay as little
as $760.00 or as much
as $2,010.00,
with the average rent median estimated to
be $1,340.00. The good news is that finding
an affordable and desirable property to rent in Hammond, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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