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Sarah Mitchell

CNESRESABR

Compass Real Estate · Centerville, MN

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Centerville, MN(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Centerville, MN Housing Market & Real Estate

Strong seller's market-6.9% YoY

Housing market overview · Updated monthly ·

$407,500median sale price

How is the Centerville, MN housing market right now?

The median home sale price in Centerville, MN is $407,500, down 6.9% year-over-year. Homes sell in an average of 12 days with 4 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)

Is Centerville a buyer's or seller's market?

Strong seller's market0.4 months of supply12 avg. days on market

Centerville, MN is currently a strong seller's market, based on 0.4 months of supply and homes selling in about 12 days. How we determine this →

Homes sold

10

Last 12 weeks

Days on market

12

Fast-moving

Active listings

4

0.4 months supply

Sale-to-list

101.8%

Above asking

What does the Centerville housing market data show?

Current housing market statistics for Centerville, MN
MetricValue
Median sale price$407,500
Median list price$417,450
Year-over-year price change-6.9%
Average days on market12 days
Active inventory4 listings
Months of supply0.4 months
Sale-to-list price ratio101.8%
Median price per sq ft$222/sq ft
Homes sold (latest month)10
New listings (latest month)6
Market conditionStrong seller's market

Source: Redfin · Updated monthly

How much do homes cost in Centerville by property type?

How the Centerville, MN market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Centerville, MN
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$410,000$221/sq ft911 days
Townhouse$405,000$284/sq ft122 days

Source: Redfin · Updated monthly

The Centerville housing market is currently classified as a strong seller's market with a median sale price of $407,500. Prices have fallen 6.9% compared to last year, with homes spending an average of 12 days on market, indicating 0.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.5x provides context for how home values compare to local earning capacity.

Homes for sale in Centerville

There are currently 4 homes listed for sale in Centerville, Minnesota. The median listing price is $417K. Featured listings range from $299,500 to $850,000.

3 bedroom mobile home for sale at 1970 Robin Ln S Centerville - $299,500
$299,500

1970 Robin Ln S

Centerville, MN

3 bd2 ba1,440 sqft$208/ft²
Mobile home8,712 sqft lot
View photos & details
3 bedroom house for sale at 1858 Center St Centerville - $348,999
$348,999

1858 Center St

Centerville, MN

3 bd2 ba1,555 sqft$224/ft²
House15,246 sqft lot
View photos & details
4 bedroom house for sale at 7178 Peterson Trl Centerville - $378,900
$378,900

7178 Peterson Trl

Centerville, MN

4 bd2 ba1,861 sqft$204/ft²
House11,326 sqft lot
View photos & details
land for sale at 7333 Peltier Cir Centerville - $379,900
$379,900

7333 Peltier Cir

Centerville, MN

0 ba
Land1.33 acres
View photos & details
2 bedroom townhouse for sale at 1843 Pioneer Ln Centerville - $409,900
$409,900

1843 Pioneer Ln

Centerville, MN

2 bd2 ba1,428 sqft$287/ft²
Townhouse5,227 sqft lot
View photos & details
5 bedroom house for sale at 1856 Partridge Pl Centerville - $449,900
$449,900

1856 Partridge Pl

Centerville, MN

5 bd3 ba2,276 sqft$198/ft²
House15,246 sqft lot
View photos & details
5 bedroom house for sale at 1610 Widgeon Cir Centerville - $725,000
$725,000

1610 Widgeon Cir

Centerville, MN

5 bd4 ba4,330 sqft$167/ft²
House14,375 sqft lot
View photos & details
5 bedroom house for sale at 1858 Laramee Ln Centerville - $850,000
$850,000

1858 Laramee Ln

Centerville, MN

5 bd5 ba4,801 sqft$177/ft²
House11,892 sqft lot
View photos & details

Looking to buy in Centerville?

Get connected with a local real estate expert — free, no obligation.

Active listings

4

Homes on market

Median list price

$417K

Avg. days on market

12

Days until sale

New this week

6

Newly listed

Sale-to-list:101.8%

Who lives in Centerville?

Population

3,915

Median income

$119,361/yr

Median age

40.4 years

Owner-occupied

90.8%

College grads

48.2%

Avg commute

26.4 min

Source: U.S. Census Bureau ACS

What are homes worth in Centerville?

Zillow home value

$412,807

Price-to-income

3.5x

Source: Zillow Research

What is it like to live in Centerville?

Centerville is a community of approximately 4K residents with a median age of 40.4 years.The median household income is $119,361, which reflects a relatively affluent area with strong earning potential. 48.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.

Homeownership rates are at 90.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Centerville offers a balanced lifestyle with accessible home values relative to local income levels.

Which public schools serve Centerville?

1 schools tracked · 569 students

The largest public schools serving Centerville, 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.

CENTERVILLE ELEMENTARY

Grades K-5 · 569 students

Public

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 Centerville, MN?

Want a head-to-head view? Compare Centerville side-by-side with any other U.S. city using our market-comparison tool.

Frequently asked questions

What is the average home price in Centerville?

The median home sale price in Centerville is $407,500, down 6.9% from last year.

How long do homes stay on market in Centerville?

Homes typically spend 12 days on market before going under contract.

What is the median income in Centerville?

The median household income is $119,361 per year.

Is Centerville a buyer's or seller's market?

With 0.4 months of supply, Centerville is currently a strong seller's market.

How many homes are for sale in Centerville?

There are currently 4 homes listed for sale in Centerville, MN.

What is the Zillow home value estimate for Centerville?

The Zillow Home Value Index (ZHVI) for Centerville is $412,807, representing the typical home value in the area.

How much does a single-family home cost in Centerville?

The median single-family home price in Centerville, MN is $410,000 (about $221 per square foot).

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