RealTrends Market Report

Minnesota, MN

Single-Family Homes

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Minnesota, MN

Thu May 30 2024
This week the median list price for Minnesota, MN is $468,500 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has held steady at or around 8,135. Click here to stay informed with the Minnesota market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Minnesota, MN

Thu May 30 2024
This week the median list price for Minnesota, MN is $468,500 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has held steady at or around 8,135. Click here to stay informed with the Minnesota market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Real-Time Market Profile

Never miss important changes in the Minnesota market.
Median List Price $468,500
Median Price of New Listings $419,000
Per Square Foot $210
Average Days on Market 90
Median Days on Market 35
Price Decreased 29%
Price Increased 2%
Relisted 11%
Inventory 8,135
Median Rent
Market Action 46
Strong Seller's Market

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$925,000 3,731 0.5 - 1 acre 4 3.5 19 224 199 49
$549,900 2,557 0.25 - 0.5 acre 4 3 18 295 294 35
$389,900 1,956 0.25 - 0.5 acre 3 2 32 358 359 28
$229,900 1,440 0.25 - 0.5 acre 3 2 69 370 421 28