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Featured local agent — Excelsior, MN
Sarah Mitchell
Compass Real Estate · Excelsior, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Excelsior, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.27Mmedian sale price
How is the Excelsior, MN housing market right now?
The median home sale price in Excelsior, MN is $1.27M, down 48.3% year-over-year. Homes sell in an average of 34 days with 8 active listings. The market is currently a 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 Excelsior a buyer's or seller's market?
Excelsior, MN is currently a seller's market, based on 1.6 months of supply and homes selling in about 34 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
34
Average pace
Active listings
8
1.6 months supply
Sale-to-list
98.0%
Below asking
What does the Excelsior housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.27M |
| Median list price | $795,000 |
| Year-over-year price change | -48.3% |
| Average days on market | 34 days |
| Active inventory | 8 listings |
| Months of supply | 1.6 months |
| Sale-to-list price ratio | 98.0% |
| Median price per sq ft | $547/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 3 |
| Listings with a price cut | 25.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Excelsior by property type?
How the Excelsior, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.10M | $433/sq ft | 4 | 45 days |
| Condo / Co-op | $1.27M | $626/sq ft | 1 | 6 days |
| Townhouse | $841,000 | $405/sq ft | 1 | 42 days |
Source: Redfin · Updated monthly
The Excelsior housing market is currently classified as a seller's market with a median sale price of $1.27M. Prices have fallen 48.3% compared to last year, with homes spending an average of 34 days on market, indicating 1.6 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 7.5x provides context for how home values compare to local earning capacity.
Homes for sale in Excelsior
There are currently 8 homes listed for sale in Excelsior, Minnesota. The median listing price is $795K.
Active listings
8
Homes on market
Median list price
$795K
Avg. days on market
34
Days until sale
New this week
3
Newly listed
Who lives in Excelsior?
Population
2,359
Median income
$108,611/yr
Median age
43.3 years
Owner-occupied
48.8%
College grads
52.4%
Avg commute
26.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Excelsior?
Zillow home value
$817,539
Price-to-income
7.5x
Source: Zillow Research
What is it like to live in Excelsior?
Excelsior is a community of approximately 2K residents with a median age of 43.3 years.The median household income is $108,611, which reflects a relatively affluent area with strong earning potential. 52.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 48.8%, showing a blend of owner and renter-occupied properties. The average commute time is 26.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Excelsior offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Excelsior?
4 schools tracked · 3,036 students
The largest public schools serving Excelsior, 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.
MINNETONKA WEST MIDDLE
Grades 6-8 · 1,287 students
MINNEWASHTA ELEMENTARY
Grades K-5 · 916 students
EXCELSIOR ELEMENTARY
Grades K-5 · 734 students
DEEPHAVEN EDUCATION CENTER
Grades PK · 99 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 Excelsior, MN?
Want a head-to-head view? Compare Excelsior side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Excelsior?
The median home sale price in Excelsior is $1.27M, down 48.3% from last year.
How long do homes stay on market in Excelsior?
Homes typically spend 34 days on market before going under contract.
What is the median income in Excelsior?
The median household income is $108,611 per year.
Is Excelsior a buyer's or seller's market?
With 1.6 months of supply, Excelsior is currently a seller's market.
What is the Zillow home value estimate for Excelsior?
The Zillow Home Value Index (ZHVI) for Excelsior is $817,539, representing the typical home value in the area.
What is the median condo price in Excelsior?
The median condo/co-op sale price in Excelsior, MN is $1.27M, compared to $1.10M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Excelsior?
The median single-family home price in Excelsior, MN is $1.10M (about $433 per square foot).
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