Updated May 2026Redfin3-month window
55340 Real Estate Market Update: Hamel, MN, May 2026
The latest housing-market numbers for ZIP code 55340 in Hamel, Minnesota, for May 2026: a $711K median sale price, straight from Redfin Data Center. ZIP-level figures are a rolling three-month window (last public Redfin release).
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $711K | ▲ +5.6% | ▲ +11.6% |
| Days on market | 55 | ▼ -36.4% | • 0.0% |
| Homes for sale | 83 | ▼ -17.0% | • 0.0% |
| Sale-to-list | 98.0% | ▲ +0.1% | ▼ -0.2% |
| Homes sold | 71 | ▲ +22.4% | ▼ -30.4% |
Figures from Redfin Data Center (a rolling three-month window (last public Redfin release)). Verify against your MLS before posting. Not a valuation for a specific home.
What the 55340 numbers say
Prices in Hamel's 55340 ZIP are still climbing. The median sale price reached $711,105, up 11.6% year over year. The market has loosened: a typical listing now takes around 55 days to go under contract, with sellers getting 98.0% of list price.
With 83 homes for sale, 55340 is currently an active market.
What this means if you sell in 55340
Use these figures to set expectations early with each client. Lead a listing appointment with the $711K median price and the 55-day pace, show the year-over-year direction, and frame 55340 as an active market. A buyer or seller client trusts an agent who knows their exact ZIP, not just the metro average.
How we track the 55340 market
We built LOKAL to pull 55340's numbers straight from Redfin Data Center, so an agent and a client read from the same source. For May 2026 we recorded a $711K median sale price, +11.6% year over year, a 98.0% sale-to-list ratio and a +5.6% month-over-month move across 71 recorded sales. That compares with roughly $637K a year earlier, in 2025. This ZIP is served from the last public Redfin release (frozen since June 2026) and only appears because it cleared at least 20 recorded sales for the period, so the median stays reliable instead of noisy. Both sources have published ZIP-level series for years, which is what lets us show month-over-month and year-over-year change here in 2026. LOKAL is independent and not affiliated with Redfin; always verify against your MLS before you publish.
ZIP-code areas follow U.S. Postal Service boundaries; for complementary demographics on 55340 (population, median household income, owner-occupancy), see the U.S. Census Bureau profile for this ZIP Code Tabulation Area. LOKAL covers price and pace; the Census covers who lives there.
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Build the 55340 post →Frequently asked: the 55340 housing market
- What is the median home price in ZIP 55340 (Hamel, MN)?
- As of May 2026, the median sale price in ZIP 55340 is $711,105 (+11.6% year over year), per Redfin Data Center. Figures are a rolling three-month window (last public Redfin release) for this ZIP code.
- Is ZIP 55340 a buyer's or seller's market right now?
- ZIP 55340 is currently an active market, based on a 98.0% sale-to-list ratio, about 55 days on market for May 2026.
- How long do homes take to sell in ZIP 55340?
- A typical listing in 55340 goes under contract in about 55 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 55340 market data come from?
- All figures for 55340 come from Redfin Data Center: a rolling three-month window (last public Redfin release). LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data from Redfin Data Center (ZIP-level market data, a rolling three-month window (last public Redfin release)), not a valuation for a specific home.