The Central Minneapolis housing market is not very competitive. The median sale price of a home in Central Minneapolis was $328K last month, down 9.45% since last year. The median sale price per square foot in Central Minneapolis is $292, down 12.4% since last year.
What is the housing market like in Central Minneapolis today?
In February 2025, Central Minneapolis home prices were down 9.45% compared to last year, selling for a median price of $328K. On average, homes in Central Minneapolis sell after 110 days on the market compared to 81 days last year. There were 97 homes sold in February this year, up from 62 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$328,000
-9.45% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Central Minneapolis, MN
$328,000
-9.45%
United States
To compare other locations to the Central 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 Central Minneapolis housing market?
Central Minneapolis is not very competitive. Homes sell in 92 days.
0
100
22
Not 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
Multiple offers are rare.
The average homes sell for about 4% below list price and go pending in around 92 days.
Hot homes
can sell for around list price and go pending in around 40 days.
Learn about schools in the Central Minneapolis area
Elementary
Middle
High
GreatSchools Rating
2/10
Emerson Elementary School
Public • PreK-5
450
Students
3 reviews
NR
Marcy Open Elementary School
Public • K-8
669
Students
12 reviews
NR
Nonpublic School Counselor Program
Public • N/A
-
Students
N/A
NR
Fair Elementary
Public • K-3
23
Students
N/A
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 Central Minneapolis housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Central Minneapolis.
Flood Factor - Major
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Central Minneapolis has a major risk of flooding. 97 properties in Central Minneapolis are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in Central Minneapolis. Flood risk is increasing faster than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Central Minneapolis has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Central Minneapolis is most at risk from severe storms. 1,892 properties in Central Minneapolis have some risk of being in a severe wind event within the next 30 years.
85% of properties are at minor
risk of heat over the next 30 years
Heat Factor
Central Minneapolis has a minor risk from heat. This is due to
"feels like" temperatures
increasing, and because 85% of homes in Central Minneapolis have a Minor Heat Factor®.
Central Minneapolis is expected to see a 100% increase in the number of days over 99ºF over the next 30 years. Central Minneapolis is expected to experience 7