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Featured local agent — Hopkins, MN
Sarah Mitchell
Compass Real Estate · Hopkins, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hopkins, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$412,250median sale price
How is the Hopkins, MN housing market right now?
The median home sale price in Hopkins, MN is $412,250, up 9.2% year-over-year. Homes sell in an average of 16 days with 43 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 Hopkins a buyer's or seller's market?
Hopkins, MN is currently a seller's market, based on 2.7 months of supply and homes selling in about 16 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
16
Fast-moving
Active listings
43
2.7 months supply
Sale-to-list
100.5%
Above asking
What does the Hopkins housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $412,250 |
| Median list price | $350,000 |
| Year-over-year price change | +9.2% |
| Average days on market | 16 days |
| Active inventory | 43 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 100.5% |
| Median price per sq ft | $246/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 25 |
| Listings with a price cut | 32.6% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Hopkins by property type?
How the Hopkins, 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 | $440,000 | $263/sq ft | 11 | 13 days |
| Condo / Co-op | $142,000 | $154/sq ft | 2 | 71 days |
| Townhouse | $310,000 | $193/sq ft | 2 | 25 days |
Source: Redfin · Updated monthly
The Hopkins housing market is currently classified as a seller's market with a median sale price of $412,250. Prices have risen 9.2% compared to last year, with homes spending an average of 16 days on market, indicating 2.7 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 4.8x provides context for how home values compare to local earning capacity.
Homes for sale in Hopkins
There are currently 43 homes listed for sale in Hopkins, Minnesota. The median listing price is $350K.
Active listings
43
Homes on market
Median list price
$350K
Avg. days on market
16
Days until sale
New this week
25
Newly listed
Who lives in Hopkins?
Population
18,696
Median income
$71,170/yr
Median age
38.1 years
Owner-occupied
37.3%
College grads
47.0%
Avg commute
18.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Hopkins?
Zillow home value
$339,780
Zillow rent index
$1,539/mo
Price-to-rent ratio
18.4x
Price-to-income
4.8x
Source: Zillow Research
What is it like to live in Hopkins?
Hopkins is a community of approximately 19K residents with a median age of 38.1 years.The median household income is $71,170, which represents a working-class community with solid middle-income opportunities. 47.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 37.3%, showing a blend of owner and renter-occupied properties. The average commute time is 18.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Hopkins offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Hopkins?
7 schools tracked · 1,618 students
The largest public schools serving Hopkins, 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.
ALICE SMITH ELEMENTARY
Grades PK-5 · 448 students
EISENHOWER ELEMENTARY
Grades PK-5 · 430 students
Ubah Academy
Grades 9-12 · 289 students
Xinxing Academy
Grades K-5 · 258 students
HARLEY HOPKINS FAMILY CENTER
Grades PK · 155 students
School #527
Grades 7-12 · 38 students
SENOPS
Grades K-12
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 Hopkins, MN?
Want a head-to-head view? Compare Hopkins side-by-side with any other U.S. city using our market-comparison tool.
Is Hopkins a good real estate investment market?
For investors evaluating Hopkins, the price-to-rent ratio of 18.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 9.2% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Hopkins's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Hopkins's median home price.
Frequently asked questions
What is the average home price in Hopkins?
The median home sale price in Hopkins is $412,250, up 9.2% from last year.
How long do homes stay on market in Hopkins?
Homes typically spend 16 days on market before going under contract.
What is the median income in Hopkins?
The median household income is $71,170 per year.
Is Hopkins a buyer's or seller's market?
With 2.7 months of supply, Hopkins is currently a seller's market.
What is the Zillow home value estimate for Hopkins?
The Zillow Home Value Index (ZHVI) for Hopkins is $339,780, representing the typical home value in the area.
What is the median condo price in Hopkins?
The median condo/co-op sale price in Hopkins, MN is $142,000, compared to $440,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Hopkins?
The median single-family home price in Hopkins, MN is $440,000 (about $263 per square foot).
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