Search condos for sale in Minneapolis with real estate experts Roost Real Estate.
The housing market in Minneapolis demonstrates a moderate level of competitiveness. On average, homes in the area receive one offer and typically sell within approximately 41 days. Last month, the median sale price of a home in Minneapolis stood at $310,000, reflecting a 3.3% increase compared to the previous year. Additionally, the median sale price per square foot in Minneapolis is $194, marking a 1.6% rise from last year's figures.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
The condo real estate market in Minneapolis is reflecting trends seen across the broader housing landscape, with indications of a more stable and slightly more predictable market looking forward into 2024. The overall Minneapolis housing market, including condos, has seen a notable reduction in the days properties stay on the market and a decrease in inventory, suggesting a competitive environment for buyers.
Prices per square foot have risen, indicating an increase in property values. The Twin Cities area, including Minneapolis, has experienced modest growth in median and average sales prices, with a slight increase in the months supply of inventory, hinting at a gradual shift towards a more balanced market.
Opting for a condo in Minneapolis offers a blend of urban convenience and a comfortable, maintenance-free lifestyle that appeals to a wide range of buyers, from young professionals to retirees. The city's rich cultural scene, robust job market, and plethora of dining, shopping, and entertainment options make it an attractive place to live.
Condos, in particular, provide a sense of community and security, often come with amenities such as fitness centers and communal spaces, and eliminate the need for direct homeowner maintenance tasks.
Choosing a condo from Roost Real Estate means investing in a property that promises personalized service, quality homes, and a focus on client satisfaction. Roost Real Estate stands out for its commitment to matching clients with the perfect condo to fit their lifestyle, budget, and preferences.
Whether you're searching for a cozy corner in the heart of the city or a serene spot with breathtaking views, your dream home awaits in Minneapolis. Our team is here, ready to guide you through every step of the journey towards owning your ideal property.
Take the first step today. Our team will take the stress out of buying or selling your home.
