Is Hillman, MN 56338 a buyer’s or seller’s market?
Hillman is a seller’s market. With about 2.7 months of supply and 14% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Hillman housing market right now
In the three months ending August 31, 2026, 14% of homes in Hillman, MN 56338 sold above their list price, the typical home went under contract in 23 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (29 days then) and the median sale price rose 9% to $414,821. Overall, Hillman is more competitive than a year ago, so tougher for buyers.
Within Morrison County, homes here sell faster than in 63% of the county’s ZIP codes, and sell more often over asking than in 50%.
Nearby, buyers who want less competition could look at Swanville 56382 (0% sold over asking) or Pierz 56364 (0% sold over asking), while Upsala 56384 (100% sold over asking) and Royalton 56373 (29% sold over asking) are even more competitive.
Run the numbers for 56338
Nearby markets
Bowlus 56314Seller’s market $175 /sq ftCushing 56443Balanced $201 /sq ftFlensburg 56328 — /sq ftLittle Falls 56345Seller’s market $157 /sq ft Browse all markets →Towns like Hillman nearby
Find towns like Hillman in other states →Where Hillman is
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Questions about Hillman real estate
Is Hillman a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Hillman, MN 56338 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 Hillman?
The typical home went under contract in 23 days in the latest three months.
Do homes in Hillman sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 98.3% of the list price.
What are property taxes in Hillman?
About 0.88% of a home’s value a year in Morrison County, or roughly $3,520 on a $400,000 home.
What is the median home price in Hillman?
The median sale price was $414,821 in the three months ending August 31, 2026, about $295 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