Herman, MN Foreclosures
Current Market Conditions in in Herman, MN As of February 2026?
In the past month, Herman's real estate market has shown signs of growth with increased inquiries and showings, likely driven by seasonal changes and improved weather conditions. The average time on the market for listings has decreased, suggesting that buyers are motivated and quick to make decisions. Home prices have remained stable, and some listings have even seen slight increases in asking prices, reflecting the rising demand as the area becomes more popular among families seeking a quieter lifestyle.
How much do homes sell for in Herman, MN?
The average home price is currently $247,924.
What’s the average rental cost in Herman, MN?
The average rental price in Herman is $1,108.
What is the most expensive home in Herman?
The most expensive home sold in Herman had a price of $2,314,192.
What is currently the cheapest priced home in Herman, MN?
The cheapest home for sale in Herman is priced at $14,209.
Living in Herman, MN
Herman, Minnesota is a quaint rural community known for its small-town charm and friendly atmosphere. Located amid picturesque landscapes, this town provides a perfect setting for those seeking peaceful living close to nature. Residents enjoy easy access to outdoor activities, essential amenities, and strong community engagement.
Buyer vs Seller Market in Herman, MN
The real estate market in Herman, MN reflects a stable and moderately competitive environment. With a mix of single-family homes and some smaller lots available, potential buyers have various options catering to different preferences and budgets. The community's appeal as a serene rural area adds to a steady interest in home purchases, particularly among families and retirees looking for a slower-paced lifestyle.
Over the past few months, there has been a slight uptick in home sales, attributed to a growing awareness of the benefits of rural living. Prospective buyers are increasingly drawn to the affordability and community spirit Herman offers, contributing to a healthy balance between demand and available properties.
Home Value Estimator For Herman, MN
There are currently 291 real estate properties
in Herman, MN,
with a median automated valuation model (AVM) price
of $175,132.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Herman, 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 Herman, MN,
is $247,924.00, with the most expensive house
in Herman, MN, topping out
at $2,314,192.00 and the cheapest home
in Herman, MN,
clocking in at $14,209.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Herman, MN!
Rent Prices
In Herman, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Herman, MN, is on
a rollercoaster ride. The
average rent price in Herman, MN,
is $1,108.00. Indeed, when looking to rent in
Herman, MN, you can expect to pay as little
as $570.00 or as much
as $2,040.00,
with the average rent median estimated to
be $1,020.00. The good news is that finding
an affordable and desirable property to rent in Herman, 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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