Minneapolis Market Report
$534,025
AVERAGE PRICE OF 1,304 HOMES$249,132
AVERAGE PRICE OF 36 DISTRESSED HOMES$1,997,537
AVERAGE PRICE OF 141 MULTI-MILLION DOLLAR HOMES$1,339,316
AVERAGE PRICE OF 62 NEWLY BUILT HOMES$931,503
AVERAGE PRICE OF 82 HOMES WITH A POOL$399,138
AVERAGE PRICE OF 83 REDUCED PRICE HOMESAverage Home
| Average Price | $534,025 |
| Avg Bedrooms | 2.27 beds |
| Avg Bathrooms | 1.65 baths |
Average Price by Bedrooms
| 1 bedroom | $259,563 |
| 2 bedrooms | $352,618 |
| 3 bedrooms | $497,384 |
| 4 bedrooms | $629,319 |
| 5 bedrooms | $839,381 |
Minneapolis Home Price Trends
| 11/2023 | 10/2023 | 9/2023 | 8/2023 | 7/2023 | |
|---|---|---|---|---|---|
| Total Listings | 1,394 | 1,488 | 1,513 | 1,462 | 1,450 |
| Average Price | $534,177 | $536,159 | $548,316 | $560,548 | $571,829 |
| Avg Price Change | -0.37% | -2.27% | -2.23% | -2.01% | +3.97% |
| Median Price | $342,417 | $349,193 | $350,155 | $361,812 | $373,973 |
| Med Price Change | -1.98% | -0.28% | -3.33% | -3.36% | +4.77% |
| Avg Bedrooms | 2.3 beds | 2.53 beds | 2.89 beds | 2.96 beds | 2.91 beds |
| Avg Bathrooms | 1.68 baths | 1.8 baths | 2.02 baths | 2.07 baths | 2.04 baths |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,304 | $534,025 | 76 days |
| Distressed Homes | 36 | $249,132 | 94 days |
| Multi-Million Dollar Homes | 141 | $1,997,537 | 129 days |
| Newly Built Homes | 62 | $1,339,316 | 117 days |
| Homes with a Pool | 82 | $931,503 | 86 days |
| Reduced Price Homes | 83 | $399,138 | 64 days |
