The Near North housing market is very competitive. The median sale price of a home in Near North was $248K last month, up 2.9% since last year. The median sale price per square foot in Near North is $171, up 15.9% since last year.
What is the housing market like in Near North today?
In May 2025, Near North home prices were up 2.9% compared to last year, selling for a median price of $248K. On average, homes in Near North sell after 24 days on the market compared to 49 days last year. There were 97 homes sold in May this year, down from 112 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$247,500
+2.9% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Near North, MN
$247,500
+2.9%
United States
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How hot is the Near North housing market?
Near North is very competitive. Homes sell in 23 days.
0
100
72
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 23 days.
Hot homes
can sell for about 3% above list price and go pending in around 11 days.
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 Near North housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Near North.
Flood Factor - Major
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Near North has a major risk of flooding. 362 properties in Near North are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in Near North. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Near North has a minor risk of wildfire. There are 1 properties in Near North that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Near North.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Near North has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Near North is most at risk from severe storms. 8,700 properties in Near North have some risk of being in a severe wind event within the next 30 years.