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Minneapolis Market Report

$508,851

AVERAGE PRICE OF 830 HOMES

$204,475

AVERAGE PRICE OF 20 DISTRESSED HOMES

$1,962,342

AVERAGE PRICE OF 74 MULTI-MILLION DOLLAR HOMES

$712,460

AVERAGE PRICE OF 51 NEWLY BUILT HOMES

$720,688

AVERAGE PRICE OF 87 HOMES WITH A POOL

$520,496

AVERAGE PRICE OF 272 REDUCED PRICE HOMES

Average Home

Average Price $508,851
Avg Bedrooms 2.83 beds
Avg Bathrooms 2.19 baths

Average Price by Bedrooms

1 bedroom $221,581
2 bedrooms $390,603
3 bedrooms $450,865
4 bedrooms $660,930
5 bedrooms $1,017,607
Minneapolis Home Price Trends
  6/2018 5/2018 4/2018 3/2018 2/2018
Total Listings 759 701 n/a 514 456
Average Price $547,421 $549,758 n/a $574,292 $571,865
Avg Price Change -0.43% n/a n/a +0.42% +7.08%
Median Price $354,720 $351,512 n/a $376,500 $362,405
Med Price Change +0.91% n/a n/a +3.89% +13.38%
Avg Bedrooms 2.87 beds 2.77 beds n/a 2 beds 2 beds
Avg Bathrooms 2.26 baths 2.25 baths n/a 2.37 baths 2.4 baths
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 830 $508,851 46 days
Distressed Homes 20 $204,475 61 days
Multi-Million Dollar Homes 74 $1,962,342 166 days
Newly Built Homes 51 $712,460 71 days
Homes with a Pool 87 $720,688 60 days
Reduced Price Homes 272 $520,496 77 days