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Featured local agent — Falcon Heights, MN
Sarah Mitchell
Compass Real Estate · Falcon Heights, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Falcon Heights, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$400,000median sale price
How is the Falcon Heights, MN housing market right now?
The median home sale price in Falcon Heights, MN is $400,000, down 3.6% year-over-year. Homes sell in an average of 7 days with 5 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 Falcon Heights a buyer's or seller's market?
Falcon Heights, MN is currently a strong seller's market, based on 0.6 months of supply and homes selling in about 7 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
7
Fast-moving
Active listings
5
0.6 months supply
Sale-to-list
105.1%
Above asking
What does the Falcon Heights housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $400,000 |
| Median list price | $382,000 |
| Year-over-year price change | -3.6% |
| Average days on market | 7 days |
| Active inventory | 5 listings |
| Months of supply | 0.6 months |
| Sale-to-list price ratio | 105.1% |
| Median price per sq ft | $246/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 9 |
| Listings with a price cut | 20.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Falcon Heights by property type?
How the Falcon Heights, 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 | $412,504 | $253/sq ft | 8 | 7 days |
| Condo / Co-op | $250,000 | $206/sq ft | 1 | 195 days |
| Townhouse | $335,000 | $219/sq ft | 1 | 132 days |
Source: Redfin · Updated monthly
The Falcon Heights housing market is currently classified as a strong seller's market with a median sale price of $400,000. Prices have fallen 3.6% compared to last year, with homes spending an average of 7 days on market, indicating 0.6 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 4.6x provides context for how home values compare to local earning capacity.
Homes for sale in Falcon Heights
There are currently 5 homes listed for sale in Falcon Heights, Minnesota. The median listing price is $382K.
Active listings
5
Homes on market
Median list price
$382K
Avg. days on market
7
Days until sale
New this week
9
Newly listed
Who lives in Falcon Heights?
Population
5,145
Median income
$93,233/yr
Median age
35.8 years
Owner-occupied
59.0%
College grads
74.0%
Avg commute
22.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Falcon Heights?
Zillow home value
$424,763
Zillow rent index
$1,275/mo
Price-to-rent ratio
27.8x
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Falcon Heights?
Falcon Heights is a community of approximately 5K residents with a median age of 35.8 years.The median household income is $93,233, which reflects a relatively affluent area with strong earning potential. 74.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 59.0%, showing a blend of owner and renter-occupied properties. The average commute time is 22.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Falcon Heights offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Falcon Heights?
1 schools tracked · 461 students
The largest public schools serving Falcon Heights, 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.
FALCON HEIGHTS ELEMENTARY
Grades K-6 · 461 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 Falcon Heights, MN?
Want a head-to-head view? Compare Falcon Heights side-by-side with any other U.S. city using our market-comparison tool.
Is Falcon Heights a good real estate investment market?
For investors evaluating Falcon Heights, the price-to-rent ratio of 27.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 3.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Falcon Heights's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Falcon Heights's median home price.
Frequently asked questions
What is the average home price in Falcon Heights?
The median home sale price in Falcon Heights is $400,000, down 3.6% from last year.
How long do homes stay on market in Falcon Heights?
Homes typically spend 7 days on market before going under contract.
What is the median income in Falcon Heights?
The median household income is $93,233 per year.
Is Falcon Heights a buyer's or seller's market?
With 0.6 months of supply, Falcon Heights is currently a strong seller's market.
What is the Zillow home value estimate for Falcon Heights?
The Zillow Home Value Index (ZHVI) for Falcon Heights is $424,763, representing the typical home value in the area.
What is the median condo price in Falcon Heights?
The median condo/co-op sale price in Falcon Heights, MN is $250,000, compared to $412,504 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Falcon Heights?
The median single-family home price in Falcon Heights, MN is $412,504 (about $253 per square foot).
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