The Southwest Minneapolis housing market is very competitive. The median sale price of a home in Southwest Minneapolis was $458K last month, up 0.6% since last year. The median sale price per square foot in Southwest Minneapolis is $267, down 6.0% since last year.
What is the housing market like in Southwest Minneapolis today?
In March 2024, Southwest Minneapolis home prices were up 0.6% compared to last year, selling for a median price of $458K. On average, homes in Southwest Minneapolis sell after 29 days on the market compared to 36 days last year. There were 126 homes sold in March this year, up from 121 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$457,500
+0.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Southwest Minneapolis, MN
$457,500
+0.6%
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 14 days.
0
100
80
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 about 1% above list price and go pending in around 14 days.
Hot homes
can sell for about 4% above list price and go pending in around 6 days.
Learn about schools in the Southwest Minneapolis area
Elementary
Middle
High
GreatSchools Rating
9/10
Burroughs Elementary School
Public • K-5
740
Students
12 reviews
8/10
Kenny Elementary School
Public • K-5
478
Students
5 reviews
5/10
Windom School
Public • PreK-5
581
Students
4 reviews
5/10
Armatage Elementary School
Public • PreK-5
615
Students
11 reviews
NR
Mps Metro C
Public • K-12
18
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.
Risk Factor
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Southwest Minneapolis has a moderate risk of flooding. 1,240 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 minor risk of wildfire. There are 82 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.
Southwest Minneapolis has minimal risk of severe winds over the next 30 years
Wind Factor
Southwest Minneapolis has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
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