Hastings, MN

Hastings is a small town located in southern Minnesota. The population of Hastings was 2,814 as of the 2010 census. The town is located in Olmsted County and has a total area of only 1.5 square miles. Hastings is home to a number of small businesses and farms, but it is best known for its real estate market.

The real estate market in Hastings is very active and there are many homes for sale as well as rental properties available. The median price for homes sold in Hastings was $129,000 in 2016 according to the Minnesota Association of Realtors (MARA). This represents an increase from the median price of $118,000 reported for 2015. In addition, the number of properties sold has increased by almost 20% since 2013 when the median price was $103,000.

One reason that the real estate market in Hastings has been so strong over the past few years is that there are many new homes being built in the town. According to MARA data, there were 97 new home sales recorded in 2016 which represented an increase from 84 sales reported for 2015 and 63 sales recorded for 2013. This trend indicates that there are plenty of new homes available for purchase or rent in Hastings and that people are interested in moving to this community.

Another factor contributing to the strong real estate market in Hastings is that many people are looking to buy their first home or invest their money into property here. According to MARA data, 43% of all homes sold were purchased by first-time buyers which was significantly higher than the 28% rate reported for all Minnesota counties combined during 2016. This indicates that people who are looking to buy their first home or invest money into property here have found success doing so over recent years thanks to the active real estate market in Hastings.