Property prices for sale in Minneapolis (Minnesota)

The prices in real estate in Minneapolis, in the Minnesota region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city

$426,104.33
Average price last 6 months
$245
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Minneapolis has fallen in the last 6 months. In September, the average price per sq.feet was $257. In October this price pretty much remained the same at a value of $250 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $253.5 to $247 per sq.feet. The price per sq.feet has decreased 94 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $250.25 to $234.5 during January, and February.

Average price

Based upon to the price in Minneapolis (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $425,380. In October This price remains at $407,416. During the following two months (November, December) the price has had an average incrementation from $416,398 to $443,173.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $429,785.75 and $418,741.5 between January and February.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $466,879 they are 53 % more affordable than the average price for Minneapolis. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 3 bedrooms priced at $431,596.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $224 / sq.feet, with an average $243 / sq.feet price in Minneapolis. The properties with the highest average prices have 2 bedrooms. They are 20 % more expensive than the average followed by properties with 1 bedroom with a price at $256 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $466,879 it is 14 % cheaper than the average price in Minneapolis. "Land" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Condo". At a price of $466,300 it is 40 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $226 / sq.feet followed by "Townhouse" priced at $273 / sq.feet. "Land" is the most costly type of property with a $482 / sq.feet cost followed by "Condo" with an average price of $326 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Minneapolis
Number of properties used in region Minnesota
$466,879
$243
30,778
372,984
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
2 Bedroom, Minneapolis Mn 55408 Id: 1us74656626
 17
2 Bedroom, Minneapolis Mn 55408 Id: 1us74656626
$209,900
Minneapolis, Minnesota - For Sale - Condo - 735 sq.feet - 2 bedrooms - 1 bathroom
Trv74656626 - prim uptown location! This beautiful condo boasts exquisite hardwood floors, granite countertops, stainless steel appliances, in-unit washer and...
4 Bedroom, Minneapolis Mn 55406 Id: 1us74672364
 30
4 Bedroom, Minneapolis Mn 55406 Id: 1us74672364
$739,900
Minneapolis, Minnesota - For Sale - House - 3,079 sq.feet - 4 bedrooms - 4 bathrooms
Trv74672364 - new construction in great walkable minneapolis location with easy access to parks, restaurants and transit. Main level features open floor plan perfect...
2 Bedroom, Minneapolis Mn 55407 Id: 1us74668294
 28
2 Bedroom, Minneapolis Mn 55407 Id: 1us74668294
$264,900
Minneapolis, Minnesota - For Sale - Condo - 1,185 sq.feet - 2 bedrooms - 1 bathroom
Trv74668294 - coveted 'center hall' plan unit with sunny west views showcased by floor to ceiling windows. Granite counter tops, center island, stainless...
1 Bedroom, Minneapolis Mn 55419 Id: 1us74677198
 7
1 Bedroom, Minneapolis Mn 55419 Id: 1us74677198
$245,000
Minneapolis, Minnesota - For Sale - House - 780 sq.feet - 1 bedroom - 1 bathroom
Trv74677198 - excellent kingfield neighborhood! Cute 1 level 1 bedroom, clean but needing your finishing touches. Great neighbors, close to the lakes, dog...
1 Bedroom, Minneapolis Mn 55404 Id: 1us74653709
 10
1 Bedroom, Minneapolis Mn 55404 Id: 1us74653709
$90,000
Minneapolis, Minnesota - For Sale - Condo - 736 sq.feet - 1 bedroom - 1 bathroom
Trv74653709 - lower level 1-bedroom, 1-bath condominium offers modern living in a vibrant community. The spacious layout offers quiet, private living. Guests...