Minneapolis Market Report
$532,244
AVERAGE PRICE OF 1,355 HOMES$238,687
AVERAGE PRICE OF 24 DISTRESSED HOMES$2,134,359
AVERAGE PRICE OF 130 MULTI-MILLION DOLLAR HOMES$1,535,618
AVERAGE PRICE OF 50 NEWLY BUILT HOMES$748,668
AVERAGE PRICE OF 92 HOMES WITH A POOL$351,700
AVERAGE PRICE OF 28 REDUCED PRICE HOMESAverage Home
| Average Price | $532,244 |
| Avg Bedrooms | 2.15 beds |
| Avg Bathrooms | 1.61 baths |
Average Price by Bedrooms
| 1 bedroom | $240,118 |
| 2 bedrooms | $418,565 |
| 3 bedrooms | $438,653 |
| 4 bedrooms | $661,101 |
| 5 bedrooms | $1,177,313 |
Minneapolis Home Price Trends
| 11/2024 | 10/2024 | 9/2024 | 8/2024 | 7/2024 | |
|---|---|---|---|---|---|
| Total Listings | 1,476 | 1,621 | 1,567 | 1,508 | 1,522 |
| Average Price | $530,692 | $535,743 | $536,294 | $565,272 | $570,229 |
| Avg Price Change | -0.95% | -0.10% | -5.40% | -0.88% | -0.73% |
| Median Price | $344,661 | $349,970 | $350,000 | $360,800 | $370,471 |
| Med Price Change | -1.54% | -0.01% | -3.09% | -2.68% | -1.44% |
| Avg Bedrooms | 2.17 beds | 2.19 beds | 2.14 beds | 2.16 beds | 2.19 beds |
| Avg Bathrooms | 1.62 baths | 1.65 baths | 1.61 baths | 1.66 baths | 1.68 baths |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,355 | $532,244 | 80 days |
| Distressed Homes | 24 | $238,687 | 116 days |
| Multi-Million Dollar Homes | 130 | $2,134,359 | 150 days |
| Newly Built Homes | 50 | $1,535,618 | 128 days |
| Homes with a Pool | 92 | $748,668 | 105 days |
| Reduced Price Homes | 28 | $351,700 | 64 days |
