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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 HOMES

Average 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
RE/MAX Results
Kerby Skurat
1143 South Shore Dr.
Plymouth, MN 55441
612-444-1110

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 Kerby Skurat - searchhousesinminneapolis.com 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. Copyright2023Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated December 4, 2023
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