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Minneapolis Market Report

$450,010

AVERAGE PRICE OF 1,649 HOMES

$153,200

AVERAGE PRICE OF 21 DISTRESSED HOMES

$1,785,117

AVERAGE PRICE OF 101 MULTI-MILLION DOLLAR HOMES

$570,401

AVERAGE PRICE OF 196 NEWLY BUILT HOMES

$604,512

AVERAGE PRICE OF 180 HOMES WITH A POOL

$404,641

AVERAGE PRICE OF 76 REDUCED PRICE HOMES

Average Home

Average Price $450,010
Avg Bedrooms 2.79 beds
Avg Bathrooms 2.07 baths

Average Price by Bedrooms

1 bedroom $248,814
2 bedrooms $399,467
3 bedrooms $381,690
4 bedrooms $576,664
5 bedrooms $881,266
Minneapolis Home Price Trends
  5/2019 4/2019 3/2019 2/2019 1/2019
Total Listings 1,551 1,287 1,126 1,092 1,052
Average Price $455,445 $468,496 $469,865 $454,867 $453,040
Avg Price Change -2.87% -0.29% +3.30% +0.40% +3.96%
Median Price $337,632 $348,329 $352,583 $342,526 $335,489
Med Price Change -3.17% -1.22% +2.94% +2.10% +5.28%
Avg Bedrooms 2.8 beds 2.75 beds 2.74 beds 2.72 beds 2.76 beds
Avg Bathrooms 2.11 baths 2.11 baths 2.11 baths 2.1 baths 2.11 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,649 $450,010 53 days
Distressed Homes 21 $153,200 77 days
Multi-Million Dollar Homes 101 $1,785,117 141 days
Newly Built Homes 196 $570,401 108 days
Homes with a Pool 180 $604,512 107 days
Reduced Price Homes 76 $404,641 35 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 June 25, 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 June 25, 2019