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Minneapolis Market Report

$450,698

AVERAGE PRICE OF 1,619 HOMES

$150,252

AVERAGE PRICE OF 23 DISTRESSED HOMES

$1,824,579

AVERAGE PRICE OF 91 MULTI-MILLION DOLLAR HOMES

$597,621

AVERAGE PRICE OF 195 NEWLY BUILT HOMES

$591,766

AVERAGE PRICE OF 192 HOMES WITH A POOL

$412,207

AVERAGE PRICE OF 59 REDUCED PRICE HOMES

Average Home

Average Price $450,698
Avg Bedrooms 2.78 beds
Avg Bathrooms 2.09 baths

Average Price by Bedrooms

1 bedroom $259,358
2 bedrooms $400,807
3 bedrooms $386,227
4 bedrooms $560,500
5 bedrooms $916,392
Minneapolis Home Price Trends
  4/2019 3/2019 2/2019 1/2019 12/2018
Total Listings 1,287 1,126 1,092 1,052 1,216
Average Price $468,496 $469,865 $454,867 $453,040 $435,791
Avg Price Change -0.29% +3.30% +0.40% +3.96% +0.85%
Median Price $348,329 $352,583 $342,526 $335,489 $318,678
Med Price Change -1.22% +2.94% +2.10% +5.28% +1.16%
Avg Bedrooms 2.75 beds 2.74 beds 2.72 beds 2.76 beds 2.78 beds
Avg Bathrooms 2.11 baths 2.11 baths 2.1 baths 2.11 baths 2.08 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,619 $450,698 54 days
Distressed Homes 23 $150,252 71 days
Multi-Million Dollar Homes 91 $1,824,579 145 days
Newly Built Homes 195 $597,621 118 days
Homes with a Pool 192 $591,766 120 days
Reduced Price Homes 59 $412,207 36 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 May 26, 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 May 26, 2019