Minneapolis Market Trends


Median Sales Price in Minneapolis

 

1 yr 5 yr Max
Minneapolis median sales prices
Number of sold homes in Minneapolis
No. Bedrooms Jun - Sep '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $185,000 +16.7% $180,250 $158,500 $139,300
2 bedrooms $193,950 +7.8% $186,000 $180,000 $178,000
3 bedrooms $235,000 -0.4% $229,000 $236,000 $208,750
4 bedrooms $275,000 -3.5% $257,700 $285,000 $234,950
All properties $222,252 +4.3% $207,750 $213,082 $192,000
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Summary for Minneapolis


The median sales price for homes in Minneapolis MN for Jun 14 to Sep 14 was $222,252. This represents an increase of 7%, or $14,502, compared to the prior quarter and an increase of 4.3% compared to the prior year. Sales prices have appreciated 15.8% over the last 5 years in Minneapolis. The average listing price for Minneapolis homes for sale on Trulia was $355,984 for the week ending Sep 10, which represents a decline of 2%, or $7,092, compared to the prior week and a decline of 1.3%, or $4,653, compared to the week ending Aug 20. Average price per square foot for Minneapolis MN was $143, an increase of 10% compared to the same period last year. Popular neighborhoods in Minneapolis include Linden Hills, Phillips, Kingfield, Warehouse District, Loring Park, and Lowry Hill.

Average Listing Price in Minneapolis

 

Minneapolis average property price
Minneapolis – number of properties
No. Bedrooms Week ending
Sep 10
w-o-w Week ending
Sep 3
Week ending
Aug 27
Week ending
Aug 20
1 bedroom $178,594 +7.7% $165,824 $162,490 $166,471
2 bedrooms $226,756 -6.0% $241,155 $225,374 $245,450
3 bedrooms $286,077 -2.9% $294,625 $279,305 $298,846
4 bedrooms $497,768 -3.0% $513,258 $486,530 $486,642
All properties $355,984 -2.0% $363,076 $344,382 $360,637
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Average Price Per Sqft. for Homes in Minneapolis

 

1 yr 5 yr Max
Minneapolis average price per square foot
No. Bedrooms Jun - Sep '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $203 +11.5% $199 $182 $169
2 bedrooms $149 +12.9% $140 $132 $122
3 bedrooms $130 +8.3% $122 $120 $103
4 bedrooms $125 +4.2% $117 $120 $103
All properties $143 +10.0% $136 $130 $116
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Popular Neighborhoods in Minneapolis


Neighborhoods Week ending
Sep 10
w-o-w Week ending
Sep 3
Week ending
Aug 27
Linden Hills 1 1 1
Phillips 2 +3 5 3
Kingfield 3 +1 4 9
Warehouse District 4 -1 3 6
Loring Park 5 +1 6 5
Lowry Hill 6 +1 7 7
Stats & Trends
Homes for Sale in Minneapolis
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