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Minneapolis

Why you'd want to live in Minneapolis

Minneapolis is now a commercial, transportation, distribution, health care, financial, and industrial centre. Highly diversified manufactures include metal products, electronics, precision instruments, medical devices, plastics, machinery, computers and computer equipment, chemicals, automotive parts, and agricultural products. Publishing, milling, food processing, graphic arts, insurance, and high-technology industries are also important. The Twin Cities region is a rail and trucking centre and includes a major international airport in the southeastern corner of Minneapolis. The Skyway, a system of enclosed, climate-controlled pedestrian walkways located on the second-floor level, connects various points in the downtown area. A 12-mile (19-km) light-rail transit line, connecting downtown Minneapolis with the airport and the Mall of America in suburban Bloomington, opened in 2004. via britannica

Minneapolis Market Report

$476,796

AVERAGE PRICE OF 1,671 HOMES

$303,735

AVERAGE PRICE OF 25 DISTRESSED HOMES

$1,830,022

AVERAGE PRICE OF 128 MULTI-MILLION DOLLAR HOMES

$1,004,980

AVERAGE PRICE OF 53 NEWLY BUILT HOMES

$525,179

AVERAGE PRICE OF 115 HOMES WITH A POOL

$439,950

AVERAGE PRICE OF 120 REDUCED PRICE HOMES

Average Home

Average Price $476,796
Avg Bedrooms 2.23 beds
Avg Bathrooms 1.6 baths

Average Price by Bedrooms

1 bedroom $216,380
2 bedrooms $402,740
3 bedrooms $459,381
4 bedrooms $545,678
5 bedrooms $754,798
Minneapolis Home Price Trends
  9/2022 8/2022 7/2022 6/2022 5/2022
Total Listings 1,728 1,813 1,827 n/a n/a
Average Price $483,071 $478,770 $483,076 n/a n/a
Avg Price Change +0.90% -0.90% n/a n/a n/a
Median Price $339,405 $345,692 $350,000 n/a n/a
Med Price Change -1.85% -1.25% n/a n/a n/a
Avg Bedrooms 2.21 beds 2.26 beds 2.27 beds n/a n/a
Avg Bathrooms 1.59 baths 1.64 baths 1.66 baths n/a n/a
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,671 $476,796 45 days
Distressed Homes 25 $303,735 61 days
Multi-Million Dollar Homes 128 $1,830,022 54 days
Newly Built Homes 53 $1,004,980 54 days
Homes with a Pool 115 $525,179 53 days
Reduced Price Homes 120 $439,950 40 days
RE/MAX Results - The Change Agents Group
Lisa Dunn
7700 France Avenue Suite #230
Edina, MN 55435
612-599-3484
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Kelly Kelly
401 E. 8th St, Suite 203
Sioux Falls, SD 57103
605-376-3482

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 Lisa Dunn - RE/MAX Results are marked with the Broker ReciprocitySM logo or the Broker Reciprocity 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. Copyright2022Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated October 5, 2022
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