Is Hill City, MN 55748 a buyer’s or seller’s market?
Hill City is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Hill City housing market right now
In the three months ending August 31, 2026, 25% of homes in Hill City, MN 55748 sold above their list price, the typical home went under contract in 38 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 7%, homes sold faster (92 days then) and the median sale price rose 52% to $288,126. Overall, Hill City is more competitive than a year ago, so tougher for buyers.
Within Aitkin County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell more often over asking than in 50%.
Nearby, buyers who want less competition could look at Jacobson 55752 (0% sold over asking) or Palisade 56469 (11% sold over asking), while Swatara 55785 (100% sold over asking) and Mc Grath 56350 (67% sold over asking) are even more competitive.
Run the numbers for 55748
Nearby markets
Aitkin 56431Seller’s market $213 /sq ftIsle 56342Seller’s market $269 /sq ftJacobson 55752Buyer’s market $320 /sq ftMc Grath 56350 $230 /sq ft Browse all markets →Towns like Hill City nearby
Find towns like Hill City in other states →Where Hill City is
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Questions about Hill City real estate
Is Hill City a buyer’s or seller’s market?
A balanced market: there were 4 months of supply in Hill City, MN 55748 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 Hill City?
The typical home went under contract in 38 days in the latest three months.
Do homes in Hill City sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Hill City?
About 0.55% of a home’s value a year in Aitkin County, or roughly $2,200 on a $400,000 home.
What is the median home price in Hill City?
The median sale price was $288,126 in the three months ending August 31, 2026, about $156 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