The Minneapolis housing market remains highly competitive, with Minneapolis homes for sale typically receiving an average of two offers and selling within about 26 days. Last month, the median sale price for a home in the city was $350K, reflecting a 2.6% increase compared to the previous year. Similarly, the price per square foot for homes for sale in Minneapolis rose to $229, marking a modest 0.4% growth. This data suggests steady demand in the market, as buyers continue to seek out properties despite the rising prices.
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Here are some of the hottest questions our clients are asking us.
As of June 2023, the housing market in St. Paul has experienced a 1.9% increase in home prices compared to last year, with the median price standing at $301,000. On average, homes are selling within 13 days, slightly faster than 12 days last year. However, there was a decrease in the number of homes sold in June this year, with 392 homes sold, down from 483 homes sold last year.
The St. Paul housing market is extremely hot and competitive. Homes sell in 13 days, with many receiving multiple offers and selling above the list price. "Hot homes" can sell for about 8% above the list price and go pending in around 6 days.
Yes, Saint Paul is considered one of the best places to live in Minnesota. It offers residents a blend of urban and suburban environments, providing a diverse and vibrant atmosphere. Many residents own their homes, contributing to a sense of stability and community. Overall, St. Paul is a popular choice for those seeking a well-rounded and pleasant living experience.
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