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Minneapolis Market Report

$444,756

AVERAGE PRICE OF 1,549 HOMES

$153,708

AVERAGE PRICE OF 23 DISTRESSED HOMES

$1,746,364

AVERAGE PRICE OF 97 MULTI-MILLION DOLLAR HOMES

$583,209

AVERAGE PRICE OF 197 NEWLY BUILT HOMES

$621,813

AVERAGE PRICE OF 161 HOMES WITH A POOL

$411,064

AVERAGE PRICE OF 79 REDUCED PRICE HOMES

Average Home

Average Price $444,756
Avg Bedrooms 2.75 beds
Avg Bathrooms 2.06 baths

Average Price by Bedrooms

1 bedroom $250,298
2 bedrooms $394,709
3 bedrooms $378,004
4 bedrooms $582,195
5 bedrooms $898,976
Minneapolis Home Price Trends
  6/2019 5/2019 4/2019 3/2019 2/2019
Total Listings 1,616 1,551 1,287 1,126 1,092
Average Price $448,496 $455,445 $468,496 $469,865 $454,867
Avg Price Change -1.55% -2.87% -0.29% +3.30% +0.40%
Median Price $329,364 $337,632 $348,329 $352,583 $342,526
Med Price Change -2.51% -3.17% -1.22% +2.94% +2.10%
Avg Bedrooms 2.78 beds 2.8 beds 2.75 beds 2.74 beds 2.72 beds
Avg Bathrooms 2.07 baths 2.11 baths 2.11 baths 2.11 baths 2.1 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,549 $444,756 54 days
Distressed Homes 23 $153,708 80 days
Multi-Million Dollar Homes 97 $1,746,364 130 days
Newly Built Homes 197 $583,209 118 days
Homes with a Pool 161 $621,813 111 days
Reduced Price Homes 79 $411,064 43 days
RE/MAX Advantage Plus - The Minnesota Real Estate Team
The Minnesota Real Estate Team
8809 Wood Cliff Road
Bloomington, MN 55438
952-649-1456

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 Advantage Real Estate and Property Management are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) 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.” Copyright2019Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated July 19, 2019
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 are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) 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.” Copyright2019Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated July 19, 2019