Minneapolis Market Report
$533,090
AVERAGE PRICE OF 1,416 HOMES$256,968
AVERAGE PRICE OF 16 DISTRESSED HOMES$1,852,150
AVERAGE PRICE OF 149 MULTI-MILLION DOLLAR HOMES$1,328,575
AVERAGE PRICE OF 40 NEWLY BUILT HOMES$540,123
AVERAGE PRICE OF 133 HOMES WITH A POOL$511,794
AVERAGE PRICE OF 41 REDUCED PRICE HOMESAverage Home
| Average Price | $533,090 |
| Avg Bedrooms | 2.76 beds |
| Avg Bathrooms | 1.96 baths |
Average Price by Bedrooms
| 1 bedroom | $250,224 |
| 2 bedrooms | $414,708 |
| 3 bedrooms | $468,032 |
| 4 bedrooms | $698,898 |
| 5 bedrooms | $882,787 |
Minneapolis Home Price Trends
| 4/2023 | 3/2023 | 2/2023 | 1/2023 | 12/2022 | |
|---|---|---|---|---|---|
| Total Listings | 1,212 | 1,090 | 1,016 | 1,009 | 1,236 |
| Average Price | $502,837 | $502,126 | $479,041 | $470,192 | $463,880 |
| Avg Price Change | +0.14% | +4.82% | +1.88% | +1.36% | -1.16% |
| Median Price | $335,381 | $326,331 | $318,757 | $308,136 | $304,760 |
| Med Price Change | +2.77% | +2.38% | +3.45% | +1.11% | -5.19% |
| Avg Bedrooms | 2.71 beds | 2.71 beds | 2.69 beds | 2.66 beds | 2.68 beds |
| Avg Bathrooms | 1.93 baths | 1.9 baths | 1.85 baths | 1.82 baths | 1.83 baths |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,416 | $533,090 | 58 days |
| Distressed Homes | 16 | $256,968 | 130 days |
| Multi-Million Dollar Homes | 149 | $1,852,150 | 89 days |
| Newly Built Homes | 40 | $1,328,575 | 85 days |
| Homes with a Pool | 133 | $540,123 | 74 days |
| Reduced Price Homes | 41 | $511,794 | 57 days |
