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Minneapolis Market Report

$588,050

AVERAGE PRICE OF 1,418 HOMES

$262,581

AVERAGE PRICE OF 31 DISTRESSED HOMES

$1,999,461

AVERAGE PRICE OF 181 MULTI-MILLION DOLLAR HOMES

$1,428,858

AVERAGE PRICE OF 61 NEWLY BUILT HOMES

$817,998

AVERAGE PRICE OF 102 HOMES WITH A POOL

$519,780

AVERAGE PRICE OF 63 REDUCED PRICE HOMES

Average Home

Average Price $588,050
Avg Bedrooms 2.28 beds
Avg Bathrooms 1.77 baths

Average Price by Bedrooms

1 bedroom $233,138
2 bedrooms $451,801
3 bedrooms $478,745
4 bedrooms $769,203
5 bedrooms $1,090,658
Minneapolis Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 1,366 1,196 1,119 1,228 1,394
Average Price $564,765 $561,050 $553,348 $541,044 $534,177
Avg Price Change +0.66% +1.39% +2.27% +1.29% -0.37%
Median Price $363,605 $338,133 $329,833 $334,332 $342,417
Med Price Change +7.53% +2.52% -1.36% -2.42% -1.98%
Avg Bedrooms 2.28 beds 2.25 beds 2.19 beds 2.23 beds 2.3 beds
Avg Bathrooms 1.71 baths 1.64 baths 1.59 baths 1.63 baths 1.68 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,418 $588,050 65 days
Distressed Homes 31 $262,581 108 days
Multi-Million Dollar Homes 181 $1,999,461 104 days
Newly Built Homes 61 $1,428,858 146 days
Homes with a Pool 102 $817,998 72 days
Reduced Price Homes 63 $519,780 64 days
Search Minneapolis Real Estate The Chad Schwendeman Real Estate Group
Chad Schwendeman
1300 Godward Street NE
Minneapolis, MN 55413
612-513-5138

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 Chad Schwendeman Sites 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. Copyright2024Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated April 23, 2024
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