The Minneapolis St. Paul Real Estate Market Over the Last Year
Wonder how our current market compares to last year?
Avg LP = Average List Price
Avg SP= Average Sale Price
Avg DOM = Average Days on Market
Avg LP of Properties that did not sell =Properties that Expired
% of Listings Sold=Percent of all listings that sold
Absorption Rate = Number of months it would take to sell all current lisitngs
6 Month Change in Absorption Rate = change in the number of months of inventory on the market
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| MINNEAPOLIS | | | | | | | |
| Area | Avg LP | Avg SP | Avg DOM | Avg LP of Properties that did not sell | % of Listings Sold | Absorption Rate | 6 Month Change in Absorption Rate |
| Calhoun-Isles | $589,761 | $568,462 | 65.1 | $ 742,593 | 48% | 5.4 | -26.1% |
| Camden | $161,268 | $159,633 | 69.6 | $ 169,147 | 33% | 10.5 | -15.5% |
| Dentral | $271,139 | $265,852 | 75.8 | $ 371,522 | 35% | 12.0 | 20.0% |
| Longfellow | $229,962 | $227,659 | 45.6 | $ 241,327 | 59% | 3.2 | -33.3% |
| Nokomis | $247,920 | $244,970 | 51.7 | $ 264,460 | 53% | 3.9 | -33.2% |
| North | $142,858 | $144,482 | 86.8 | $ 160,644 | 25% | 14.4 | -25.9% |
| Northeast | $216,561 | $212,935 | 58.2 | $ 227,476 | 47% | 5.6 | -16.9% |
| Phillips | $176,377 | $181,305 | 58.5 | $ 201,835 | 41% | 8.2 | 1.0% |
| Powderhorn | $197,693 | $195,326 | 58.8 | $ 215,435 | 42% | 6.9 | -6.7% |
| Southwest | $380,036 | $373,153 | 54.4 | $ 404,532 | 52% | 3.7 | -43.3% |
| University | $285,264 | $276,833 | 56.8 | $ 291,167 | 46% | 6.3 | -34.9% |
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| ST. PAUL | | | | | | | |
| Area | Avg LP | Avg SP | Avg DOM | Avg LP of Properties that did not sell | % of Listings Sold | Absorption Rate | 6 Month Change in Absorption Rate |
| Riverview - Cherokee | $194,915 | $191,928 | 69.5 | $ 194,862 | 46% | 7.2 | -6.5% |
| Home Croft - W 7th | $175,887 | $173,017 | 58.0 | $ 185,978 | 43% | 6.5 | -25.9% |
| Crocus Hill | $468,987 | $468,064 | 64.2 | $ 572,640 | 39% | 8.2 | -13.0% |
| Downtown - Captial Heights | $148,700 | $149,850 | 54.0 | $ 176,255 | 17% | 24.0 | -11.1% |
| Central | $152,433 | $151,620 | 75.7 | $ 164,521 | 33% | 10.4 | -15.3% |
| Como | $229,993 | $226,847 | 55.4 | $ 245,232 | 56% | 4.3 | -43.2% |
| St. Anthony - Midway | $225,906 | $222,228 | 54.3 | $ 236,251 | 52% | 5.4 | -0.1% |
| Merriam Park | $336,501 | $327,294 | 59.0 | $ 339,790 | 47% | 5.4 | -16.8% |
| Mac/Groveland | $335,340 | $327,308 | 49.5 | $ 359,749 | 64% | 3.1 | -41.8% |
| Highland | $340,334 | $331,613 | 51.2 | $ 371,363 | 61% | 3.2 | -22.6% |
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| MINNEAPOLIS ST. PAUL SUBURBS | | | | | | | |
| Area | Avg LP | Avg SP | Avg DOM | Avg LP of Properties that did not sell | % of Listings Sold | Absorption Rate | 6 Month Change in Absorption Rate |
| Buffalo | $267,441 | $262,277 | 78.9 | $ 307,877 | 40% | 8.6 | -23.1% |
| Wright County | $262,406 | $261,581 | 82.1 | $ 325,859 | 39% | 9.9 | -17.9% |
| Robbinsdale | $205,047 | $203,961 | 55.2 | $ 238,998 | 50% | 5.3 | -20.8% |
| Crystal | $202,112 | $201,044 | 59.6 | $ 222,929 | 48% | 6.1 | -4.2% |
| New Hope | $239,731 | $236,770 | 48.1 | $ 248,301 | 51% | 4.9 | -22.6% |
| Brooklyn Center | $195,109 | $195,630 | 64.4 | $ 210,479 | 39% | 7.1 | -19.9% |
| Brooklyn Park | $281,260 | $280,629 | 61.8 | $ 306,167 | 43% | 6.3 | -22.2% |
| Maple Grove-Osseo | $393,510 | $391,961 | 58.5 | $ 457,961 | 52% | 5.2 | -13.7% |
| Champlin | $279,960 | $277,354 | 55.8 | $ 323,756 | 55% | 4.1 | -29.7% |
| Golden Valley | $367,650 | $359,596 | 66.4 | $ 454,475 | 52% | 4.4 | -47.5% |
| Plymouth | $408,536 | $398,756 | 63.2 | $ 492,791 | 47% | 5.4 | -29.2% |
| Richfield | $230,767 | $229,344 | 54.1 | $ 240,668 | 52% | 4.4 | -21.8% |
| Bloomington East | $225,252 | $222,827 | 53.6 | $ 247,534 | 52% | 4.3 | -33.0% |
| Bloomington West | $317,851 | $310,029 | 55.6 | $ 406,114 | 51% | 4.5 | -19.8% |
| Lake Minnetonka | $853,233 | $799,840 | 81.1 | $ 798,208 | 32% | 12.0 | -13.8% |
| Edina | $662,409 | $637,955 | 60.2 | $ 773,468 | 48% | 5.6 | -25.8% |
| Hopkins | $305,020 | $309,944 | 54.1 | $ 336,069 | 53% | 4.4 | -43.0% |
| Minnetonka | $440,275 | $430,284 | 65.9 | $ 556,328 | 43% | 6.4 | -32.7% |
| St. Louis Park | $283,348 | $280,380 | 53.4 | $ 296,892 | 56% | 3.9 | -28.4% |
| Eden Prairie | $505,645 | $499,062 | 62.3 | $ 628,113 | 50% | 5.3 | -21.2% |
| Carver County | $311,335 | $310,361 | 70.9 | $ 352,203 | 39% | 8.3 | -20.3% |
| Chanhassen | $503,438 | $503,469 | 62.5 | $ 633,445 | 53% | 5.2 | -28.8% |
| Chaska | $332,639 | $326,886 | 76.2 | $ 376,186 | 51% | 5.6 | -17.2% |
| Victoria | $572,749 | $552,392 | 88.4 | $ 614,172 | 44% | 8.5 | -2.8% |
| West St. Paul | $224,187 | $220,660 | 61.4 | $ 250,523 | 52% | 4.7 | -38.6% |
| South St. Paul | $194,633 | $193,611 | 66.2 | $ 227,100 | 48% | 6.1 | -28.8% |
| Mednota Heights | $479,730 | $455,539 | 55.6 | $ 525,194 | 40% | 8.2 | -19.5% |
| Sunfish Lake | $631,300 | $520,149 | 211.3 | $ 1,043,591 | 36% | 12.0 | -55.6% |
| Inver Grove Heights | $376,764 | $379,211 | 66.3 | $ 463,127 | 45% | 5.9 | -34.3% |
| Eagan | $342,435 | $339,197 | 60.3 | $ 392,158 | 55% | 4.5 | -20.3% |
| Burnsville | $311,013 | $308,807 | 63.3 | $ 341,006 | 47% | 4.8 | -38.0% |
| Apple Valley | $323,746 | $320,512 | 62.8 | $ 379,228 | 53% | 4.6 | -31.9% |
| Rosemount | $329,626 | $324,659 | 63.3 | $ 345,153 | 44% | 6.4 | -20.3% |
| Hastings | $253,955 | $246,732 | 76.0 | $ 340,175 | 46% | 7.8 | -11.5% |
| Eastern Dakota County | $303,667 | $291,643 | 89.1 | $ 374,888 | 47% | 7.6 | -13.9% |
| Farmington | $279,876 | $280,695 | 65.0 | $ 327,550 | 39% | 8.4 | 2.8% |
| Lakeville | $363,593 | $361,535 | 68.1 | $ 417,143 | 42% | 6.9 | -18.2% |
| Shakopee | $326,597 | $332,724 | 68.5 | $ 407,904 | 42% | 8.1 | -2.5% |
| Prior Lake | $442,935 | $455,940 | 67.2 | $ 571,032 | 31% | 11.3 | -4.6% |
| Savage | $324,132 | $324,471 | 58.8 | $ 384,586 | 42% | 6.6 | -24.9% |
| Jordan | $282,462 | $288,388 | 68.0 | $ 405,966 | 31% | 12.1 | 1.1% |
| New Prague | $313,530 | $323,753 | 87.9 | $ 401,077 | 34% | 10.9 | -14.8% |
| Belle Plaine | $220,400 | $218,455 | 84.7 | $ 291,806 | 45% | 7.9 | -14.2% |
| Falcon Heights Roseville | $292,052 | $287,446 | 54.0 | $ 342,827 | 60% | 3.1 | -50.3% |
| Lino Lakes Centerville | $358,052 | $352,798 | 74.6 | $ 389,335 | 42% | 7.8 | -17.6% |
| Phalen | $175,393 | $172,983 | 72.8 | $ 181,735 | 36% | 9.4 | -9.0% |
| Hillcrest - Daytons Bluff | $173,056 | $171,227 | 68.6 | $ 181,869 | 38% | 7.8 | -26.8% |
| Southeast St. Paul | $228,372 | $224,216 | 81.8 | $ 233,268 | 39% | 9.6 | 11.7% |
| Lakeland -Afton | $406,642 | $393,649 | 85.2 | $ 599,782 | 35% | 11.4 | -30.9% |
| New port Cottage Grove | $266,859 | $268,485 | 64.1 | $ 298,486 | 51% | 6.3 | -11.7% |
| Woodbury | $404,788 | $401,581 | 67.5 | $ 454,647 | 46% | 6.9 | -8.4% |
| Stillwater/Bayport | $397,533 | $394,670 | 86.2 | $ 539,619 | 38% | 9.9 | -33.6% |