#6673646, Listing Office: Molina Realtors
Minneapolis Housing Market Report January 2025•Hennepin County, Minnesota
Housing Prices in Minneapolis, MN
How much do homes in Minneapolis, MN cost?
Housing Market Conditions
Is Minneapolis, MN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Minneapolis is a Seller's Market
Difference Since January 2024
Since last year, Minneapolis has remained a Seller's Market.
Minneapolis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Minneapolis have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Minneapolis was $350,000 in January 2025, up 2.9% from last year, and the median price per square foot was $202.
Median Sold Price By Cities
City | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
Minneapolis | $339.9K | $350K | +2.9% |
Saint Louis Park | $374.5K | $380K | +1.5% |
Golden Valley | $431K | $425K | -1.4% |
Saint Anthony | $382.2K | $325K | -15.0% |
Median Sold Price By Bedrooms
Beds | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $165K | $167.2K | +1.4% |
22 Bedrooms | $265K | $269.9K | +1.9% |
33 Bedrooms | $340K | $345.1K | +1.5% |
44 Bedrooms | $411.1K | $410.1K | -0.2% |
55+ Bedrooms | $611.3K | $614.6K | 0.5% |
Summary: Minneapolis housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +1.4%. The home price for 2 bedroom homes increased by +1.9%. The home price for 3 bedroom homes increased by +1.5%. The home price for 4 bedroom homes decreased by -0.2%. The home price for 5 bedroom homes increased by 0.5%.
Housing supply in Minneapolis, MN
How many homes are available in Minneapolis, MN?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
2,816Last MonthJan 2025 | ||
2,8202 months agoDec 2024 | -0.1 % Change MoMDec – Jan |
Summary: The Minneapolis real estate market had 2,816 homes for sale in Jan 2025, a 0.1 % decrease compared to Dec 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
626Last MonthJan 2025 | ||
9292 months agoDec 2024 | -32.6 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
Beds | Dec 2024 | Jan 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 221 | 261 | +18.1% |
22 Bedrooms | 672 | 715 | +6.4% |
33 Bedrooms | 959 | 885 | -7.7% |
44 Bedrooms | 656 | 625 | -4.7% |
55+ Bedrooms | 312 | 330 | +5.8% |
Summary: Minneapolis housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +18.1%. The inventory for 2 bedroom homes increased by +6.4%. The inventory for 3 bedroom homes decreased by -7.7%. The inventory for 4 bedroom homes decreased by -4.7%. The inventory for 5 bedroom homes increased by +5.8%.
Asking Price vs. Sold Price
How much do homes in Minneapolis, MN cost?
Over Asking Price161 Homes
At Asking Price152 Homes
Under Asking Price309 Homes
If you're buying a home in Minneapolis, you may be able to get a good deal. 49.7% of homes here sold below asking price last month.
Summary: A total of 626 homes were sold or pending in Minneapolis in January 2025, down by 32.6% month-over-month. Of the 622 sold homes, 50% were sold under asking, 24% were sold at asking, and and 26% were sold over asking.
Days on Market for Minneapolis, MN
How long does it take to sell a home in Minneapolis, MN?
Breakdown of Home Sale Times
Under 30 Days288 Homes
30 – 90 Days235 Homes
Over 90 Days90 Homes
Many homes in Minneapolis are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 626 homes were sold in Minneapolis; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
47 DaysThis YearJan 2025 | ||
43 Days1 year agoJan 2024 | +9.6 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Minneapolis had an average listing age of 47 days in Jan 2025, up by 9.6% compared to the previous year.
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Newest Listings in Minneapolis, MN
What homes are available in Minneapolis, MN?
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MLS Disclaimers and Copyright
Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., for the period 02/01/2023 - 02/01/2025
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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Last updated on: 2/20/2025, 9:22:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.