Sun Dec 10 2023
This week the median list price for Minnesota, MN is $399,900 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has held steady at or around 8,090.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$399,900|
|Median Price of New Listings||$310,000|
|Per Square Foot||$192|
|Average Days on Market||105|
|Median Days on Market||70|
|Slight Seller's Advantage|
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$772,348||3,448||0.5 - 1 acre||4||3||15||70||230||105|
|$476,532||2,349||0.25 - 0.5 acre||4||2.5||18||93||309||77|
|$339,900||1,866||0.25 - 0.5 acre||3||2||45||169||359||49|
|$197,500||1,440||8,000 - 10,000 sqft||3||1.8||76||219||331||49|