$40,000
719 Russell Ave N
Minneapolis, MN
0 ba
Land5,663 sqft lot
More about this property
Minneapolis, MN Housing Market & Real Estate
Balanced market-7.2% YoY
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Minneapolis, MN is $320,000, down 7.2% year-over-year. Homes sell in an average of 49 days with 802 active listings. The market is currently a balanced market.
$320,000median sale price
Is Minneapolis a buyer's or seller's market?
Balanced market3.8 months of supply49 avg. days on market
Minneapolis, MN is currently a balanced market, based on 3.8 months of supply and homes selling in about 49 days. How we determine this →
Homes sold
211
Last 12 weeks
Days on market
49
Average pace
Active listings
802
3.8 months supply
Sale-to-list
99.6%
Below asking
Minneapolis, MN market data
| Metric | Value |
|---|---|
| Median sale price | $320,000 |
| Median list price | $364,900 |
| Year-over-year price change | -7.2% |
| Average days on market | 49 days |
| Active inventory | 802 listings |
| Months of supply | 3.8 months |
| Sale-to-list price ratio | 99.6% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Minneapolis housing market is currently classified as a balanced market with a median sale price of $320,000. Prices have fallen 7.2% compared to last year, with homes spending an average of 49 days on market, indicating 3.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Minneapolis
There are currently 802 homes listed for sale in Minneapolis, Minnesota. The median listing price is $365K. Featured listings range from $40,000 to $900,000.
$40,000
713 Russell Ave N
Minneapolis, MN
0 ba
Land5,663 sqft lot
More about this property
$199,000
5053 Fremont Ave N
Minneapolis, MN
2 bd1 ba731 sqft
House6,098 sqft lot
More about this property
$239,000
3650 Queen Ave N
Minneapolis, MN
3 bd1 ba1,662 sqft
House5,227 sqft lot
More about this property
$239,900
3247 Humboldt Ave N
Minneapolis, MN
3 bd1 ba1,639 sqft
House8,276 sqft lot
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$285,000
201 Bedford St SE
Minneapolis, MN
2 bd1 ba1,080 sqft
House6,098 sqft lot
More about this property
$325,000
5340 Chicago Ave
Minneapolis, MN
3 bd1 ba1,000 sqft
House4,792 sqft lot
More about this property
$339,000
2115-2117 Aldrich Ave N
Minneapolis, MN
4 bd2 ba2,392 sqft
Multi-family11,326 sqft lot
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$560,000
2215 Saint Anthony Pkwy
Minneapolis, MN
3 bd3 ba2,322 sqft
House5,663 sqft lot
More about this property
$595,000
290 Market St Unit 314
Minneapolis, MN
2 bd2 ba1,997 sqft
Condo
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$729,000
401 S 1st St Unit 1812
Minneapolis, MN
2 bd3 ba1,957 sqft
Condo1.62 acres
More about this property
$900,000
5300 Logan Ave S
Minneapolis, MN
4 bd3 ba2,860 sqft
House6,098 sqft lot
More about this property
Looking to buy in Minneapolis?
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Active listings
802
Homes on market
Median list price
$365K
Avg. days on market
49
Days until sale
New this week
409
Newly listed
Price drops:20.6%of listings
Sale-to-list:99.6%
Top public schools in Minneapolis
50 schools tracked · 28,309 students
The largest public schools serving Minneapolis, 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.
Washburn High
Grades 9-12 · 1,555 students
Southwest High
Grades 9-12 · 1,310 students
South High
Grades 9-12 · 1,261 students
Roosevelt High
Grades 9-12 · 1,121 students
Andersen Middle
Grades 6-8 · 1,045 students
Justice Page Middle
Grades 6-8 · 939 students
YINGHUA ACADEMY
Grades K-8 · 838 students
Edison High
Grades 9-12 · 833 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Explore nearby cities in MN
Frequently asked questions
What is the average home price in Minneapolis?
The median home sale price in Minneapolis is $320,000, down 7.2% from last year.
How long do homes stay on market in Minneapolis?
Homes typically spend 49 days on market before going under contract.
Is Minneapolis a buyer's or seller's market?
With 3.8 months of supply, Minneapolis is currently a balanced market.
How many homes are for sale in Minneapolis?
There are currently 802 homes listed for sale in Minneapolis, MN.
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