Property prices for sale in Minneapolis (Minnesota)

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

$501,520.5
Average price last 6 months
$438.83
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Minneapolis has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $779. In the following month the price per sq.feet decreased considerably to $636. The price for the following two months in (April, May) had a considerable decrease of 54 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 42 % 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 $543.75 to $229 during June, and July.

Average price

Based upon to the price in Minneapolis (cities), this has fallen considerably in the last 6 months. The average price for February is $645,435. During March the price had a slight fall till $582,463. During the following two months (April, May) the average price had a considerable reduction of 79 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $550,664.25 to $403,233, which means a 73 % fall.

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 $418,517 they are 45 % more affordable than the average price for Minneapolis. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 2 bedrooms priced at $357,478.

With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $222 / sq.feet, with an average $227 / sq.feet price in Minneapolis. The properties with the highest average prices have 1 bedroom. They are 33 % more expensive than the average followed by properties with 2 bedrooms with a price at $279 / 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 $418,517 it is 27 % cheaper than the average price in Minneapolis. "Duplex" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Land". At a price of $453,088 it is 9 % 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 $191 / sq.feet followed by "Land" priced at $537 / sq.feet. "House" is the most costly type of property with a $1,045 / sq.feet cost followed by "Condo" with an average price of $542 / sq.feet.

Charts data
Average price July
Average price per sq.feet July
Number of properties used in Minneapolis
Number of properties used in region Minnesota
$418,517
$227
4,352
81,194
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
3 Bed, 2 Bath New Home Plan In Dayton, Mn
 8
3 Bed, 2 Bath New Home Plan In Dayton, Mn
$479,990
Dayton, Minnesota - For Sale - House - 3,041 sq.feet - 3 bedrooms - 3 bathrooms
Homesite for your new home. Special offer!: fall parade of homes in minneapolis; salute to hometown heroes in minneapolis/st. Paul. This plan home is priced from $479,990 and has...
3 Bed, 2 Bath New Home Plan In Dayton, Mn
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3 Bed, 2 Bath New Home Plan In Dayton, Mn
$464,990
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In the community of the brayburn trails. Special offer!: fall parade of homes in minneapolis; salute to hometown heroes in minneapolis/st. Paul. This plan home is priced from $464,990...
3 Bed, 2 Bath New Home Plan In Dayton, Mn
 8
3 Bed, 2 Bath New Home Plan In Dayton, Mn
$434,990
Dayton, Minnesota - For Sale - House - 2,525 sq.feet - 3 bedrooms - 3 bathrooms
In the community of the brayburn trails. Special offer!: fall parade of homes in minneapolis; salute to hometown heroes in minneapolis/st. Paul. This plan home is priced from $434,990...
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 57
Brand New Home In Medina, Mn. 4 Bed, 3 Bath
$679,990$689,990
Minnesota - For Sale - House - 3,555 sq.feet - 4 bedrooms - 4 bathrooms
Move-in. Special offer!: fall parade of homes in minneapolis; salute to hometown heroes in minneapolis/st. Paul. This single family inventory home is priced at $679,990...
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 6
Brand New Home In Dayton, Mn. 5 Bed, 3 Bath
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Offer!: fall parade of homes in minneapolis; salute to hometown heroes in minneapolis...