Mill District Homes For Sale

Map of Mill District Homes For Sale

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MINNEAPOLIS HOUSING MARKET TRENDS

The Mill District in Minneapolis, MN is characterized by a thriving real estate market dominated by contemporary lofts and condos with stunning skyline views. As of 2024, the average condo price in the Mill District is $1.3 million, with prices ranging from $250,000 to $5 million. The area features a variety of property types, including converted warehouses and industrial mills that have been transformed into stylish urban residences. The Mill District offers some of Minneapolis's most desirable properties, with open floor plans, interior brick walls, and oversized windows that provide priceless views of the city. This neighborhood continues to evolve with high-density residential and commercial development, making it one of the most popular areas in Minneapolis for urban living.

$339,450

Median Sale Price

$245

Median Sale Price per Sq. Ft.

449

Total Homes Sold

48

Median Days on Market

Mill District, MN Real Estate FAQs

For detailed, up-to-date information on buying a house in Mill District, including legal considerations and market trends, you can talk to us.

The Mill District has several factors contributing to its high median sale price:

  1. Desirable location in downtown Minneapolis with stunning skyline views
  2. Conversion of historic industrial buildings into stylish urban residences
  3. High-end features like open floor plans, interior brick walls, and oversized windows
  4. Continued development of high-density residential and commercial properties.
  5. Limited supply of properties in this popular neighborhood

The average price per square foot in the Mill District is $534. This is significantly higher than the overall Minneapolis average of $229 per square foot, indicating the premium placed on Mill District properties.

The average days on market for Mill District properties is 77 days. This is longer than the overall Minneapolis average of 26 days, suggesting that the higher-priced Mill District properties may take longer to sell.

While specific trends for the Mill District are not provided, the overall Minneapolis market shows:

  1. A competitive market with homes receiving an average of 2 offers.
  2. Increasing median sale prices, up 2.6% year-over-year.
  3. A recent positive shift in buyer interest due to lessened interest rates.

It's important to note that the Mill District, being a luxury market, may experience different demand trends compared to the broader Minneapolis market.

Interested in Mill District living? Contact us today!

If you have any questions about the Mill District or are looking to explore available properties, we're here to help. Whether you're searching for your dream home or a new investment, our team has the local expertise and insights you need. Reach out today for personalized guidance and to start your journey toward owning a piece of Mill District.

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Mill District Guide

Discover everything the Mill District has to offer with our in-depth neighborhood guide! Whether you're considering a move or just curious about the area, our guide provides insights into the community, local hotspots, and lifestyle. Explore what makes Mill District a sought-after destination and find the perfect place to call home. Start browsing now and get to know this vibrant neighborhood!

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