Minnesota Real Estate Market Sees Home Sales Fall

In this week's report, the number of homes sold in the Minnesota market fell to 5,560 over the past 30 days, a decrease of 8.0% from last week's report, but still above the monthly average. Potential buyers should note that prices went up in Minnesota, with the median for this period rising from $221,500 to $222,750. In spite of the decrease in sales, a low three months of inventory signals that Minnesota is a seller's market.

If you're looking for a more established home, then be sure to see these listings in Minnesota that were built before most others in the market:

$152K   $487K   $164K  

Get started right now by checking out Minnesota homes for sale or reviewing Minnesota real estate trends.

Demographic facts for Minnesota:

  • The rating for this area for population growth is 58. (Scale: 1 = Worst, 100 = Best)
  • The area's number of physicians is 286.7 per 100,000 people.
  • The area's health cost index score is 104.7. (100 = national average)
  • 77.8% of the residents commute to work alone in their car, 9.4% via carpool, and 3.3% by way of public transit.

Data reported through 10/19/2016

Comments:

Ask a local expert about this area:
Coldwell Banker Burnet
Snapped 27 homes in this area
Coldwell Banker Burnet
Snapped 39 homes in this area
Edina Realty, Inc.
Snapped 11 homes in this area

Agents that specialize in this area
73 snaps in this area
2 snaps in this area
2 snaps in this area
48 snaps in this area
35 snaps in this area
24 snaps in this area
19 snaps in this area
11 snaps in this area
6 snaps in this area
2 snaps in this area
©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.