Is Minneapolis, MN 55448 a buyer’s or seller’s market?
Minneapolis is a seller’s market. With about 1.2 months of supply and 41% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply1.2Under 4 months = seller’s market
Sold above original list41%Share of sales, last 3 months
Median sale-to-list100.8%Sold price ÷ list price
Median days on market20Listing to accepted offer
Median price per sq ft$188▼ −1.3% vs. last year
Run the numbers for 55448
Nearby markets
Andover 55304Seller’s market $202 /sq ftAnoka 55303Seller’s market $188 /sq ftBethel 55005Seller’s market $178 /sq ftCedar 55011Seller’s market $208 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology