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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

$475,750

AVERAGE PRICE OF 987 HOMES

$264,924

AVERAGE PRICE OF 20 DISTRESSED HOMES

$1,944,140

AVERAGE PRICE OF 82 MULTI-MILLION DOLLAR HOMES

$1,010,920

AVERAGE PRICE OF 33 NEWLY BUILT HOMES

$567,147

AVERAGE PRICE OF 75 HOMES WITH A POOL

$372,769

AVERAGE PRICE OF 36 REDUCED PRICE HOMES

Average Home

Average Price $475,750
Avg Bedrooms 2.68 beds
Avg Bathrooms 1.83 baths

Average Price by Bedrooms

1 bedroom $199,139
2 bedrooms $399,241
3 bedrooms $431,094
4 bedrooms $536,634
5 bedrooms $701,225
Minneapolis Home Price Trends
  1/2023 12/2022 11/2022 10/2022 9/2022
Total Listings 1,009 1,236 1,483 1,650 1,728
Average Price $470,192 $463,880 $469,283 $476,652 $483,071
Avg Price Change +1.36% -1.16% -1.57% -1.35% +0.90%
Median Price $308,136 $304,760 $320,591 $330,554 $339,405
Med Price Change +1.11% -5.19% -3.11% -2.68% -1.85%
Avg Bedrooms 2.66 beds 2.68 beds 2.79 beds 2.23 beds 2.21 beds
Avg Bathrooms 1.82 baths 1.83 baths 1.88 baths 1.61 baths 1.59 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 987 $475,750 72 days
Distressed Homes 20 $264,924 84 days
Multi-Million Dollar Homes 82 $1,944,140 98 days
Newly Built Homes 33 $1,010,920 68 days
Homes with a Pool 75 $567,147 93 days
Reduced Price Homes 36 $372,769 64 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
License# MN-MLO-509205

Copyright©2021 Fairway Independent Mortgage Corporation (“Fairway”) NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800. All rights reserved. Fairway is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency. Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. The youngest borrower must be at least 62 years old. Monthly reverse mortgage advances may affect eligibility for some other programs. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Equal Housing Opportunity.

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. Copyright2023Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated February 4, 2023
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