Property prices for sale in Minneapolis (Minnesota)

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

$412,836.67
Average price last 6 months
$220.33
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Minneapolis has increased during the last 6 months. In November, the average price per sq.feet was $207. In the following month the price per sq.feet decreased to $192. In the following two months the price per sq.feet has barely changed, going from $199.5 to $200.5 per sq.feet. The price per sq.feet has had a considerable increase of 131 % 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 $200 to $261 during March, and April.

Average price

Based upon to the price in Minneapolis (cities), this has gone up considerably in the last 6 months. The average price for November is $332,761. During December the price had a slight fall till $284,211. During the following two months (January, February) the price has had an average incrementation from $308,486 to $352,294.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 175 % during the last two months.

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 $585,859 they are 62 % more affordable than the average price for Minneapolis. The properties with the lowest average price have 4 bedrooms, Their price is 22 % cheaper than the average. After that we have properties with 3 bedrooms priced at $366,214.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $195 / sq.feet, with an average $259 / sq.feet price in Minneapolis. The properties with the highest average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at $253 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $585,859 it is 52 % cheaper than the average price in Minneapolis. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $449,022 it is 2 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $182 / sq.feet followed by "Townhouse" priced at $187 / sq.feet. "Condo" is the most costly type of property with a $4,174 / sq.feet cost followed by "Land" with an average price of $528 / sq.feet.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in Minneapolis
Number of properties used in region Minnesota
$585,859
$259
8,288
101,314
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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