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Featured local agent — Inver Grove Heights, MN
Sarah Mitchell
Compass Real Estate · Inver Grove Heights, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Inver Grove Heights, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$372,500median sale price
How is the Inver Grove Heights, MN housing market right now?
The median home sale price in Inver Grove Heights, MN is $372,500, up 0.7% year-over-year. Homes sell in an average of 30 days with 78 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 Inver Grove Heights a buyer's or seller's market?
Inver Grove Heights, MN is currently a seller's market, based on 1.9 months of supply and homes selling in about 30 days. How we determine this →
Homes sold
42
Last 12 weeks
Days on market
30
Average pace
Active listings
78
1.9 months supply
Sale-to-list
99.7%
Below asking
What does the Inver Grove Heights housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $372,500 |
| Median list price | $399,950 |
| Year-over-year price change | +0.7% |
| Average days on market | 30 days |
| Active inventory | 78 listings |
| Months of supply | 1.9 months |
| Sale-to-list price ratio | 99.7% |
| Median price per sq ft | $194/sq ft |
| Homes sold (latest month) | 42 |
| New listings (latest month) | 51 |
| Listings with a price cut | 37.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Inver Grove Heights by property type?
How the Inver Grove 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 | $580,000 | $197/sq ft | 22 | 22 days |
| Condo / Co-op | $172,500 | $156/sq ft | 2 | 52 days |
| Townhouse | $292,424 | $190/sq ft | 18 | 35 days |
Source: Redfin · Updated monthly
The Inver Grove Heights housing market is currently classified as a seller's market with a median sale price of $372,500. Prices have risen 0.7% compared to last year, with homes spending an average of 30 days on market, indicating 1.9 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 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Inver Grove Heights
There are currently 78 homes listed for sale in Inver Grove Heights, Minnesota. The median listing price is $400K.
Active listings
78
Homes on market
Median list price
$400K
Avg. days on market
30
Days until sale
New this week
51
Newly listed
Who lives in Inver Grove Heights?
Population
35,772
Median income
$104,055/yr
Median age
41.1 years
Owner-occupied
75.5%
College grads
43.1%
Avg commute
23.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Inver Grove Heights?
Zillow home value
$381,411
Zillow rent index
$1,861/mo
Price-to-rent ratio
17.1x
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Inver Grove Heights?
Inver Grove Heights is a community of approximately 36K residents with a median age of 41.1 years.The median household income is $104,055, which reflects a relatively affluent area with strong earning potential. 43.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 75.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Inver Grove Heights offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Inver Grove Heights?
11 schools tracked · 3,740 students
The largest public schools serving Inver Grove 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.
SIMLEY SENIOR HIGH
Grades 9-12 · 1,058 students
INVER GROVE HEIGHTS MIDDLE
Grades 6-8 · 792 students
HILLTOP ELEMENTARY
Grades PK-5 · 613 students
PINE BEND ELEMENTARY
Grades PK-5 · 527 students
SALEM HILLS ELEMENTARY
Grades PK-5 · 310 students
Discovery Charter Elementary School
Grades K-8 · 175 students
ATHENEUM ELEMENTARY
Grades 2-5 · 80 students
IGH EARLY CHILDHOOD PROGRAM
Grades PK · 70 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 Inver Grove Heights, MN?
Want a head-to-head view? Compare Inver Grove Heights side-by-side with any other U.S. city using our market-comparison tool.
Is Inver Grove Heights a good real estate investment market?
For investors evaluating Inver Grove Heights, the price-to-rent ratio of 17.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 0.7% 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 Inver Grove Heights's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Inver Grove Heights's median home price.
Frequently asked questions
What is the average home price in Inver Grove Heights?
The median home sale price in Inver Grove Heights is $372,500, up 0.7% from last year.
How long do homes stay on market in Inver Grove Heights?
Homes typically spend 30 days on market before going under contract.
What is the median income in Inver Grove Heights?
The median household income is $104,055 per year.
Is Inver Grove Heights a buyer's or seller's market?
With 1.9 months of supply, Inver Grove Heights is currently a seller's market.
What is the Zillow home value estimate for Inver Grove Heights?
The Zillow Home Value Index (ZHVI) for Inver Grove Heights is $381,411, representing the typical home value in the area.
What is the median condo price in Inver Grove Heights?
The median condo/co-op sale price in Inver Grove Heights, MN is $172,500, compared to $580,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Inver Grove Heights?
The median single-family home price in Inver Grove Heights, MN is $580,000 (about $197 per square foot).
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