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Minneapolis Market Report

$561,549

AVERAGE PRICE OF 1,250 HOMES

$220,449

AVERAGE PRICE OF 27 DISTRESSED HOMES

$2,095,397

AVERAGE PRICE OF 142 MULTI-MILLION DOLLAR HOMES

$1,351,452

AVERAGE PRICE OF 62 NEWLY BUILT HOMES

$789,606

AVERAGE PRICE OF 100 HOMES WITH A POOL

$398,808

AVERAGE PRICE OF 45 REDUCED PRICE HOMES

Average Home

Average Price $561,549
Avg Bedrooms 2.27 beds
Avg Bathrooms 1.66 baths

Average Price by Bedrooms

1 bedroom $252,848
2 bedrooms $390,740
3 bedrooms $479,944
4 bedrooms $612,981
5 bedrooms $833,883
Minneapolis Home Price Trends
  2/2024 1/2024 12/2023 11/2023 10/2023
Total Listings 1,196 1,119 1,228 1,394 1,488
Average Price $561,050 $553,348 $541,044 $534,177 $536,159
Avg Price Change +1.39% +2.27% +1.29% -0.37% -2.27%
Median Price $338,133 $329,833 $334,332 $342,417 $349,193
Med Price Change +2.52% -1.36% -2.42% -1.98% -0.28%
Avg Bedrooms 2.25 beds 2.19 beds 2.23 beds 2.3 beds 2.53 beds
Avg Bathrooms 1.64 baths 1.59 baths 1.63 baths 1.68 baths 1.8 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,250 $561,549 71 days
Distressed Homes 27 $220,449 107 days
Multi-Million Dollar Homes 142 $2,095,397 123 days
Newly Built Homes 62 $1,351,452 143 days
Homes with a Pool 100 $789,606 76 days
Reduced Price Homes 45 $398,808 60 days
eXp Realty
Jilayna Arcoren
202 Water Street, Suite 200
Excelsior, MN 55331
612-756-2283

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Jilayna Arcoren - eXp Realty are marked with the Broker ReciprocitySM logo or the Broker Reciprocity and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Copyright2024Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated March 2, 2024
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