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Minneapolis Market Report

$466,360

AVERAGE PRICE OF 2,000 HOMES

$237,520

AVERAGE PRICE OF 8 DISTRESSED HOMES

$1,699,119

AVERAGE PRICE OF 142 MULTI-MILLION DOLLAR HOMES

$837,065

AVERAGE PRICE OF 38 NEWLY BUILT HOMES

$527,908

AVERAGE PRICE OF 169 HOMES WITH A POOL

$446,589

AVERAGE PRICE OF 74 REDUCED PRICE HOMES

Average Home

Average Price $466,360
Avg Bedrooms 2.77 beds
Avg Bathrooms 1.95 baths

Average Price by Bedrooms

1 bedroom $225,778
2 bedrooms $413,199
3 bedrooms $428,775
4 bedrooms $539,679
5 bedrooms $833,083
Minneapolis Home Price Trends
  5/2021 4/2021 3/2021 2/2021 1/2021
Total Listings 1,654 1,498 1,317 n/a 1,158
Average Price $449,168 $449,566 $457,733 n/a $436,197
Avg Price Change -0.09% -1.82% n/a n/a +1.89%
Median Price $325,000 $325,000 $326,205 n/a $300,639
Med Price Change 0.00% -0.37% n/a n/a +0.25%
Avg Bedrooms 2.7 beds 2.68 beds 2.66 beds n/a 2.69 beds
Avg Bathrooms 1.99 baths 2 baths 2.02 baths n/a 2.01 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 2,000 $466,360 47 days
Distressed Homes 8 $237,520 153 days
Multi-Million Dollar Homes 142 $1,699,119 106 days
Newly Built Homes 38 $837,065 100 days
Homes with a Pool 169 $527,908 79 days
Reduced Price Homes 74 $446,589 29 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 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.” Copyright2021Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated June 14, 2021
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