The Southwest Minneapolis housing market is very competitive. Homes in Southwest Minneapolis receive 2 offers on average and sell in around 20 days. The median sale price of a home in Southwest Minneapolis was $497K last month, up 1.4% since last year. The median sale price per square foot in Southwest Minneapolis is $278, up 3.3% since last year.
What is the housing market like in Southwest Minneapolis today?
In October 2024, Southwest Minneapolis home prices were up 1.4% compared to last year, selling for a median price of $497K. On average, homes in Southwest Minneapolis sell after 20 days on the market compared to 20 days last year. There were 190 homes sold in October this year, down from 221 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$497,059
+1.4% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Southwest Minneapolis, MN
$497,059
+1.4%
United States
To compare other locations to the Southwest Minneapolis and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Minneapolis add value to a home.
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How hot is the Southwest Minneapolis housing market?
Southwest Minneapolis is very competitive. Homes sell in 19 days.
0
100
75
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 19 days.
Hot homes
can sell for about 2% above list price and go pending in around 8 days.
Learn about schools in the Southwest Minneapolis area
Elementary
Middle
High
GreatSchools Rating
9/10
Burroughs Elementary School
Public • K-5
670
Students
12 reviews
9/10
Kenny Elementary School
Public • K-5
412
Students
6 reviews
8/10
Armatage Elementary School
Public • PreK-5
527
Students
12 reviews
5/10
Windom School
Public • PreK-5
509
Students
4 reviews
NR
Mps Metro C
Public • K-12
1
Students
N/A
Only showing 5 of
8 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Southwest Minneapolis housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Southwest Minneapolis.
Flood Factor - Minor
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Southwest Minneapolis has a minor risk of flooding. 1,229 properties in Southwest Minneapolis are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Southwest Minneapolis. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Southwest Minneapolis has a moderate risk of wildfire. There are 8 properties in Southwest Minneapolis that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Southwest Minneapolis.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Southwest Minneapolis has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Southwest Minneapolis is most at risk from severe storms. 17,331 properties in Southwest Minneapolis have some risk of being in a severe wind event within the next 30 years.
100% of properties are at minor
risk of heat over the next 30 years
Heat Factor
Southwest Minneapolis has a minor risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Southwest Minneapolis have a Minor Heat Factor®.
Southwest Minneapolis is expected to see a 114% increase in the number of days over 98ºF over the next 30 years. Southwest Minneapolis is expected to experience 8