New Listing
33
$199,000
695 E Burnsville Pkwy Unit 19
Burnsville, MN 55337
3 bd2 ba1,224 sqft$163/ft²
Townhouse
Douglas Bredeson · Lakes Area Realty
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Burnsville, MN Housing Market
Strong seller's market+0.8% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Burnsville, MN is worth $368,875, rose 0.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $420,000, +8.4% year over year (through May 2026). With 1.5 months of supply and homes going under contract in about 19 days, Burnsville is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $368,875 home is about $1,969/mo in principal and interest.
Key numbers for Burnsville, MN
Typical home value
$368,875
+0.8% in 12 months
Zillow, August 2026
Typical asking rent
$1,486/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$420,000
+8.4% year over year
Redfin, through May 2026
Days on market
19
Fast-moving
Redfin, through May 2026
Active listings
116
1.5 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$83,953
Home costs 4.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
101.8%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Burnsville a buyer's or seller's market?
Strong seller's market1.5 months of supply19 days on market101.8% of asking
Burnsville, MN is a strong seller's market, based on 1.5 months of supply and homes selling in about 19 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Burnsville housing market data show?
Every row below is Redfin's final published month for Burnsville, MN. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $420,000 |
| Median list price | $389,000 |
| Year-over-year price change | +8.4% |
| Median price per sq ft | $182/sq ft |
| Median days on market | 19 days |
| Active inventory | 116 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 101.8% |
| Homes sold (that month) | 75 |
| New listings (that month) | 95 |
| Listings with a price cut | 37.1% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Burnsville is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Burnsville is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Burnsville home prices moved?
Over the last three years the median sale price in Burnsville, MN rose 12.0%, from $375,000 to $420,000. The live Zillow value series has rose 0.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 37.1% of Burnsville listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 1.5 months while the sale-to-list ratio slips below its current 101.8%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Burnsville?
Priced off the typical home value of $368,875 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $73,775 | $295,100 | $1,969/mo |
| 5% | $18,444 | $350,431 | $2,338/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,969, that implies roughly $84,397 a year before you add taxes and insurance. The median household in Burnsville earns $83,953, about $444 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 4.4x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Burnsville in the next 12 months?
Tell us your timeline. We send the Burnsville market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Burnsville?
Typical asking rent in Burnsville, MN is $1,486/mo, against a typical home value of $368,875. That is a price-to-rent ratio of 20.7x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $1,969 a month — $483 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Burnsville?
Active listings in Burnsville, MN went from 94 in May 2025 to 116 in May 2026, a +23.4% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 112 | 87 |
| July 2025 | 126 | 78 |
| August 2025 | 142 | 80 |
| September 2025 | 125 | 53 |
| October 2025 | 137 | 67 |
| November 2025 | 115 | 26 |
| December 2025 | 85 | 27 |
| January 2026 | 77 | 41 |
| February 2026 | 106 | 69 |
| March 2026 | 119 | 97 |
| April 2026 | 130 | 91 |
| May 2026 | 116 | 95 |
Redfin, through May 2026
How does Burnsville compare to Minnesota and the U.S.?
Burnsville homes sell for $420,000 — 13% above the Minnesota median of $372,300. Against the national median of $410,700, Burnsville runs 2% higher. Year-over-year, Burnsville moved +8.4% against Minnesota's +1.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Burnsville, MN | $420,000 | +8.4% | 19 days |
| Minnesota statewide | $372,300 | +1.3% | 25 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Burnsville
What buyers should watch
- Months of supply, currently 1.5. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 37.1%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $369 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $368,875 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Burnsville listing goes under contract in 19 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 101.8% of asking. Price at the number you want and let competition do the rest.
- In the last published month Burnsville added 95 new listings against 75 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +0.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Burnsville varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Burnsville
There are currently 116 homes listed for sale in Burnsville, Minnesota. The median listing price is $389K. Featured listings range from $199,000 to $795,000.
New Listing
17
$215,000
12975 Harriet Ave S
Burnsville, MN 55337
2 bd2 ba1,292 sqft$166/ft²
Townhouse1,437 sqft lot
View photos & details
New Listing
28
$225,000
13613 Heather Hills Dr
Burnsville, MN 55337
2 bd2 ba1,500 sqft$150/ft²
Townhouse1,002 sqft lot
View photos & details
New Listing
$240,000
1705 Riverwood Dr
Burnsville, MN 55337
2 bd2 ba1,175 sqft$204/ft²
Townhouse
View photos & details
New Listing
21
$249,900
1811 Knox Dr
Burnsville, MN 55337
2 bd1 ba1,008 sqft$248/ft²
Townhouse4,269 sqft lot
View photos & details
New Listing
26
$255,000
902 Evergreen Dr
Burnsville, MN 55337
2 bd2 ba1,644 sqft$155/ft²
Townhouse10,498 sqft lot
View photos & details
New Listing
18
$269,900
12501 Nicollet Ave Unit 417
Burnsville, MN 55337
2 bd1 ba1,191 sqft$227/ft²
Condo
View photos & details
New Listing
37
$299,000
14618 Hampshire Pl
Burnsville, MN 55306
3 bd2 ba1,722 sqft$174/ft²
Townhouse1,742 sqft lot
View photos & details
New Listing
22
$325,000
13303 Morgan Ave S
Burnsville, MN 55337
3 bd3 ba2,019 sqft$161/ft²
Townhouse
View photos & details
New Listing
25
$424,900
2506 Terrace Dr
Burnsville, MN 55337
5 bd3 ba2,238 sqft$190/ft²
House13,373 sqft lot
View photos & details
New Listing
42
$425,000
12102 Red Oak Ct S
Burnsville, MN 55337
5 bd2 ba2,149 sqft$198/ft²
House13,416 sqft lot
View photos & details
New Listing
67
$795,000
14704 White Oak Dr
Burnsville, MN 55337
4 bd4 ba4,432 sqft$179/ft²
House26,175 sqft lot
View photos & details
Looking to buy in Burnsville?
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Active listings
116
Homes on market
Median list price
$389K
Avg. days on market
19
Days until sale
New this week
95
Newly listed
Price drops:37.1%of listings
Sale-to-list:101.8%
How much do homes cost in Burnsville by property type?
How the Burnsville, MN market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $471,250 | $185/sq ft | 44 | 12 days |
| Townhouse | $271,500 | $182/sq ft | 28 | 30 days |
Who lives in Burnsville?
American Community Survey estimates for Burnsville. U.S. Census ACS, 2023
Population
64,295
Households
25,853
Median income
$83,953/yr
Median age
36.9 years
Owner-occupied
66.5%
Median home value
$335,100
Median gross rent
$1,501/mo
Mean commute
23.1 min
66.5% of occupied homes in Burnsville are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $335,100 against Zillow's $368,875 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,501/mo, below Zillow's $1,486/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Burnsville?
17 schools tracked · 6,543 students
The largest public schools serving Burnsville, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Burnsville High School
Grades 9-12 · 2,100 students
ECHO PARK LEADERSHIP ENGINEER/TECH
Grades PK-5 · 765 students
Joseph Nicollet Middle School
Grades 6-8 · 748 students
WILLIAM BYRNE ELEMENTARY
Grades PK-5 · 569 students
SKY OAKS ELEMENTARY
Grades PK-5 · 459 students
EDWARD NEILL ELEMENTARY
Grades PK-5 · 357 students
GIDEON POND ELEMENTARY
Grades PK-5 · 352 students
VISTA VIEW ELEMENTARY
Grades PK-5 · 330 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Burnsville, MN?
Ordered by distance from Burnsville, not by size. Compare Burnsville side by side with any of them.
Which ZIP codes are in Burnsville?
These are the ZIP codes we see on active Burnsville listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Burnsville housing market FAQ
Is Burnsville a buyer's or seller's market?
Burnsville, MN is currently a strong seller's market. That read comes from 1.5 months of supply, homes going under contract in about 19 days, and sellers getting 101.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Burnsville?
The typical home in Burnsville, MN is worth $368,875 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $420,000, about $182 per square foot.
Is Burnsville cheaper than the rest of Minnesota?
Burnsville's median sale price of $420,000 is 13% higher than the Minnesota statewide median of $372,300, and 2% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Burnsville?
Homes in Burnsville, MN spent a median of 19 days on market before going under contract, versus 25 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Burnsville?
At the current 30-year fixed rate of 7.03%, 20% down on a $368,875 home is about $1,969 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $84,397 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $83,953.
Are home prices rising in Burnsville?
The typical home value in Burnsville, MN rose 0.8% over the last 12 months, from $365,887 to $368,875 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Burnsville?
Burnsville ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Burnsville?
That depends on your timeline, not on a headline. What the data says today: Burnsville, MN is a strong seller's market with 1.5 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 20.7x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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