Minneapolis Market Report
$542,527
AVERAGE PRICE OF 1,453 HOMES$257,181
AVERAGE PRICE OF 16 DISTRESSED HOMES$1,901,926
AVERAGE PRICE OF 155 MULTI-MILLION DOLLAR HOMES$1,683,177
AVERAGE PRICE OF 44 NEWLY BUILT HOMES$670,335
AVERAGE PRICE OF 141 HOMES WITH A POOL$500,067
AVERAGE PRICE OF 77 REDUCED PRICE HOMESAverage Home
| Average Price | $542,527 |
| Avg Bedrooms | 2.77 beds |
| Avg Bathrooms | 1.97 baths |
Average Price by Bedrooms
| 1 bedroom | $261,388 |
| 2 bedrooms | $428,734 |
| 3 bedrooms | $489,321 |
| 4 bedrooms | $696,914 |
| 5 bedrooms | $896,384 |
Minneapolis Home Price Trends
| 5/2023 | 4/2023 | 3/2023 | 2/2023 | 1/2023 | |
|---|---|---|---|---|---|
| Total Listings | 1,363 | 1,212 | 1,090 | 1,016 | 1,009 |
| Average Price | $511,406 | $502,837 | $502,126 | $479,041 | $470,192 |
| Avg Price Change | +1.70% | +0.14% | +4.82% | +1.88% | +1.36% |
| Median Price | $347,143 | $335,381 | $326,331 | $318,757 | $308,136 |
| Med Price Change | +3.51% | +2.77% | +2.38% | +3.45% | +1.11% |
| Avg Bedrooms | 2.73 beds | 2.71 beds | 2.71 beds | 2.69 beds | 2.66 beds |
| Avg Bathrooms | 1.93 baths | 1.93 baths | 1.9 baths | 1.85 baths | 1.82 baths |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,453 | $542,527 | 54 days |
| Distressed Homes | 16 | $257,181 | 129 days |
| Multi-Million Dollar Homes | 155 | $1,901,926 | 83 days |
| Newly Built Homes | 44 | $1,683,177 | 75 days |
| Homes with a Pool | 141 | $670,335 | 68 days |
| Reduced Price Homes | 77 | $500,067 | 55 days |
