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Minneapolis Market Report

$536,098

AVERAGE PRICE OF 1,408 HOMES

$257,493

AVERAGE PRICE OF 16 DISTRESSED HOMES

$1,873,091

AVERAGE PRICE OF 149 MULTI-MILLION DOLLAR HOMES

$1,507,718

AVERAGE PRICE OF 38 NEWLY BUILT HOMES

$588,683

AVERAGE PRICE OF 131 HOMES WITH A POOL

$577,593

AVERAGE PRICE OF 57 REDUCED PRICE HOMES

Average Home

Average Price $536,098
Avg Bedrooms 2.78 beds
Avg Bathrooms 1.97 baths

Average Price by Bedrooms

1 bedroom $249,763
2 bedrooms $415,376
3 bedrooms $480,812
4 bedrooms $688,318
5 bedrooms $906,186
Minneapolis Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 1,363 1,212 1,090 1,016 1,009
Average Price $511,406 $502,837 $502,126 $479,041 $470,192
Avg Price Change +1.70% +0.14% +4.82% +1.88% +1.36%
Median Price $347,143 $335,381 $326,331 $318,757 $308,136
Med Price Change +3.51% +2.77% +2.38% +3.45% +1.11%
Avg Bedrooms 2.73 beds 2.71 beds 2.71 beds 2.69 beds 2.66 beds
Avg Bathrooms 1.93 baths 1.93 baths 1.9 baths 1.85 baths 1.82 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,408 $536,098 56 days
Distressed Homes 16 $257,493 124 days
Multi-Million Dollar Homes 149 $1,873,091 85 days
Newly Built Homes 38 $1,507,718 83 days
Homes with a Pool 131 $588,683 74 days
Reduced Price Homes 57 $577,593 54 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 June 3, 2023
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