Recently Sold Homes in Phillips, Minneapolis

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Phillips Real Estate Insights

Phillips is a neighborhood located in Minneapolis, Minnesota.

Phillips is a true melting pot of our world when it comes to food; with choices such as Latin American, African and Mexican, after a night of quick bites you will feel like you have just hit several corners of the globe. This neighborhood is served by a great transit system and many people use it to get to work each day. With a nature-loving attitude and cyclist-friendly roadways, many citizens of Phillips commute by bike to work and the local shops.

Many of the people residing in Phillips do not own the homes they live in. Most of the residents in this vicinity are relatively young, so it's a good place to be if you want to mingle with a youthful crowd. Those who live in Phillips seem to have income that is lower that what the average person earns, according to current data.

Home prices are on the slide in Phillips, and average listing price decreased 7.5 percent last year. Nonetheless, home values stood at $193,577 this year. Meanwhile, inventory rose noticeably by 16.7 percent to 7 homes for sale, creating a less competitive market for buyers looking to relocate here. If you are after a sharp-looking kitchen with some amazing woodwork to go with it, then you need to look for a home right in this vicinity where woodwork features heavily.