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Minneapolis Market Report

$529,268

AVERAGE PRICE OF 829 HOMES

$195,912

AVERAGE PRICE OF 16 DISTRESSED HOMES

$1,958,949

AVERAGE PRICE OF 79 MULTI-MILLION DOLLAR HOMES

$701,120

AVERAGE PRICE OF 50 NEWLY BUILT HOMES

$698,491

AVERAGE PRICE OF 100 HOMES WITH A POOL

$569,844

AVERAGE PRICE OF 242 REDUCED PRICE HOMES

Average Home

Average Price $529,268
Avg Bedrooms 2.85 beds
Avg Bathrooms 2.23 baths

Average Price by Bedrooms

1 bedroom $215,941
2 bedrooms $421,278
3 bedrooms $454,141
4 bedrooms $735,474
5 bedrooms $956,596
Minneapolis Home Price Trends
  5/2018 4/2018 3/2018 2/2018 1/2018
Total Listings 701 n/a 514 456 448
Average Price $549,758 n/a $574,292 $571,865 $534,044
Avg Price Change n/a n/a +0.42% +7.08% +13.46%
Median Price $351,512 n/a $376,500 $362,405 $319,625
Med Price Change n/a n/a +3.89% +13.38% +5.86%
Avg Bedrooms 2.77 beds n/a 2 beds 2 beds 2 beds
Avg Bathrooms 2.25 baths n/a 2.37 baths 2.4 baths 2.36 baths
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 829 $529,268 42 days
Distressed Homes 16 $195,912 58 days
Multi-Million Dollar Homes 79 $1,958,949 147 days
Newly Built Homes 50 $701,120 61 days
Homes with a Pool 100 $698,491 51 days
Reduced Price Homes 242 $569,844 78 days