Is Hector, MN 55342 a buyer’s or seller’s market?
Hector is a buyer’s market. With about 7.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Hector housing market right now
In the three months ending August 31, 2026, 0% of homes in Hector, MN 55342 sold above their list price, the typical home went under contract in 59 days and there were 7.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold more slowly (15 days then) and the median sale price rose 31% to $236,148. Overall, Hector is less competitive than a year ago, which gives buyers more room.
Within Renville County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Morton 56270 (50% sold over asking) and Olivia 56277 (33% sold over asking) are even more competitive.
Run the numbers for 55342
Nearby markets
Bird Island 55310Buyer’s market $113 /sq ftBuffalo Lake 55314Seller’s market $243 /sq ftDanube 56230 — /sq ftFairfax 55332Seller’s market $92 /sq ft Browse all markets →Towns like Hector nearby
Find towns like Hector in other states →Where Hector is
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Questions about Hector real estate
Is Hector a buyer’s or seller’s market?
A buyer’s market: there were 7.2 months of supply in Hector, MN 55342 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Hector?
The typical home went under contract in 59 days in the latest three months.
Do homes in Hector sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.2% of the list price.
What are property taxes in Hector?
About 1.04% of a home’s value a year in Renville County, or roughly $4,160 on a $400,000 home.
What is the median home price in Hector?
The median sale price was $236,148 in the three months ending August 31, 2026, about $153 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology