• Minneapolis Market Report

    $557,930

    AVERAGE PRICE OF 1,054 HOMES

    $311,617

    AVERAGE PRICE OF 17 DISTRESSED HOMES

    $2,168,619

    AVERAGE PRICE OF 113 MULTI-MILLION DOLLAR HOMES

    $1,629,437

    AVERAGE PRICE OF 36 NEWLY BUILT HOMES

    $775,740

    AVERAGE PRICE OF 84 HOMES WITH A POOL

    $541,220

    AVERAGE PRICE OF 39 REDUCED PRICE HOMES

    Average Home

    Average Price $557,930
    Avg Bedrooms 2.08 beds
    Avg Bathrooms 1.57 baths

    Average Price by Bedrooms

    1 bedroom $247,901
    2 bedrooms $476,518
    3 bedrooms $485,185
    4 bedrooms $629,302
    5 bedrooms $1,060,010
    Minneapolis Home Price Trends
      1/2025 12/2024 11/2024 10/2024 9/2024
    Total Listings 1,040 1,240 1,476 1,621 1,567
    Average Price $548,941 $539,218 $530,692 $535,743 $536,294
    Avg Price Change +1.80% +1.61% -0.95% -0.10% -5.40%
    Median Price $348,833 $347,079 $344,661 $349,970 $350,000
    Med Price Change +0.51% +0.70% -1.54% -0.01% -3.09%
    Avg Bedrooms 2.07 beds 2.09 beds 2.17 beds 2.19 beds 2.14 beds
    Avg Bathrooms 1.58 baths 1.58 baths 1.62 baths 1.65 baths 1.61 baths
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 1,054 $557,930 86 days
    Distressed Homes 17 $311,617 156 days
    Multi-Million Dollar Homes 113 $2,168,619 146 days
    Newly Built Homes 36 $1,629,437 117 days
    Homes with a Pool 84 $775,740 104 days
    Reduced Price Homes 39 $541,220 95 days