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Our analysts provide market trends to help you be the expert in your own home.
Find expert opinion on homes recently sold to help make decisions on your purchase.
Compare your home to the average home and get the average days on market with our experts.
Houses can sell quickly or take a long time. Some factors that can affect the sale of a house are the price, condition, location and whether it’s been used as a rental property.
The Twin Cities housing market remains strong, with the median price reaching $353,000 in March. The Twin Cities metro area set a new record median sales price of $353,000, according to new data from the Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, a 7.5 percent increase from March 2021.
Homes values in Minneapolis increased by 5.7% over the last year. Over the past five years home values in Minneapolis have increased by more than 46%. Median listing price of a single-family home in Minneapolis is $294,400 based on the most recent research from Realtor.com (November 2021).
Having short sales and especially foreclosures on your street decreases the value of your home. Even if they are not direct comparables, as in same square footage and the number of bedrooms and baths, they are in your immediate neighborhood, so can make the entire area depreciate in value.
For most major markets, the Zestimate for on-market homes is within 10% of the final sale price more than 95% of the time. The nationwide median error rate for the Zestimate for on-market homes is 1.9%, while the Zestimate for off-market homes has a median error rate of 6.9%.
COST OF LIVING | Minnesota | United States |
---|---|---|
Overall | 97.2 | 100 |
Grocery | 97.2 | 100 |
Health | 79.7 | 100 |
Housing | 101.9 | 100 |
Neighborhoods
|
Listing
$/SqFt |
For Rent
|
||
---|---|---|---|---|
$829.9K
|
$305
|
|||
$732.5K
|
$282
|
|||
$334.9K
|
$160
|
|||
$262.5K
|
$295
|
|||
$239.9K
|
$110
|
|||
$425K
|
$210
|
|||
$189.9K
|
$202
|
|||
$200K
|
$111
|
|||
$322.5K
|
$176
|
|||
$375K
|
$195
|
|||
$375K
|
$312
|
|||
$330K
|
$188
|
|||
$262.5K
|
$228
|
|||
$360K
|
$203
|
|||
$319.9K
|
$170
|
|||
$625K
|
$411
|
|||
$262.5K
|
$133
|
|||
$429.9K
|
$339
|
|||
$225K
|
$142
|
|||
$255K
|
$115
|
There are 1,890 homes for sale in Minneapolis, MN, 251 of which were newly listed within the last week. Additionally, there are 1,313 rentals, with a range of $432 to $14K per month. Discover more Minneapolis listings for open houses, price reduced, foreclosures, recently sold, new home communities, and new home construction.
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