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Minneapolis Market Report

$557,930

AVERAGE PRICE OF 1,054 HOMES

$311,617

AVERAGE PRICE OF 17 DISTRESSED HOMES

$2,168,619

AVERAGE PRICE OF 113 MULTI-MILLION DOLLAR HOMES

$1,629,437

AVERAGE PRICE OF 36 NEWLY BUILT HOMES

$775,740

AVERAGE PRICE OF 84 HOMES WITH A POOL

$541,220

AVERAGE PRICE OF 39 REDUCED PRICE HOMES

Average Home

Average Price $557,930
Avg Bedrooms 2.08 beds
Avg Bathrooms 1.57 baths

Average Price by Bedrooms

1 bedroom $247,901
2 bedrooms $476,518
3 bedrooms $485,185
4 bedrooms $629,302
5 bedrooms $1,060,010
Minneapolis Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 1,040 1,240 1,476 1,621 1,567
Average Price $548,941 $539,218 $530,692 $535,743 $536,294
Avg Price Change +1.80% +1.61% -0.95% -0.10% -5.40%
Median Price $348,833 $347,079 $344,661 $349,970 $350,000
Med Price Change +0.51% +0.70% -1.54% -0.01% -3.09%
Avg Bedrooms 2.07 beds 2.09 beds 2.17 beds 2.19 beds 2.14 beds
Avg Bathrooms 1.58 baths 1.58 baths 1.62 baths 1.65 baths 1.61 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,054 $557,930 86 days
Distressed Homes 17 $311,617 156 days
Multi-Million Dollar Homes 113 $2,168,619 146 days
Newly Built Homes 36 $1,629,437 117 days
Homes with a Pool 84 $775,740 104 days
Reduced Price Homes 39 $541,220 95 days
Kerby and Cristina Real Estate Experts
Kerby Skurat
1143 South Shore Dr.
Plymouth, MN 55441
612-444-1110

Based on information submitted to the MLS GRID as of February 11, 2025 12 PM. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.
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