The Central Minneapolis housing market is not very competitive. Homes in Central Minneapolis receive 2 offers on average and sell in around 106 days. The median sale price of a home in Central Minneapolis was $294K last month, down 1.3% since last year. The median sale price per square foot in Central Minneapolis is $269, up 3.5% since last year.
What is the housing market like in Central Minneapolis today?
In March 2024, Central Minneapolis home prices were down 1.3% compared to last year, selling for a median price of $294K. On average, homes in Central Minneapolis sell after 106 days on the market compared to 112 days last year. There were 87 homes sold in March this year, down from 115 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$294,000
-1.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Central Minneapolis, MN
$294,000
-1.3%
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 83.5 days.
0
100
19
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 3% below list price and go pending in around 84 days.
Hot homes
can sell for around list price and go pending in around 32 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
2/10
Emerson Elementary School
Public • PreK-5 • Choice school
489
Students
3 reviews
NR
Marcy Open Elementary School
Public • K-8 • Choice school
739
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.
Risk Factor
Flood Factor - Severe
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Central Minneapolis has a severe risk of flooding. 113 properties in Central Minneapolis are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in Central Minneapolis. Flood risk is increasing faster than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Central Minneapolis has a minor risk of wildfire. There are 5 properties in Central Minneapolis that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Central Minneapolis.
Central Minneapolis has minimal risk of severe winds over the next 30 years
Wind Factor
Central 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.
84% 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 84% 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