What is the housing market like in Commerce today?
In March 2024, Commerce home prices were up 24.0% compared to last year, selling for a median price of $217K. On average, homes in Commerce sell after 28 days on the market compared to 60 days last year. There were 7 homes sold in March this year, up from 1 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$217,000
+24.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Commerce, MN
$217,000
+24.0%
United States
To compare other locations to the Commerce and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Brooklyn Park add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Commerce housing market?
Commerce is very competitive. Homes sell in 21.5 days.
0
100
81
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 9 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 22 days.
Hot homes
can sell for about 3% above list price and go pending in around 14 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 Commerce housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Commerce.
Risk Factor
Flood Factor - Minor
22% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Commerce has a minor risk of flooding. 8 properties in Commerce are likely to be
severely affected
by flooding over the next 30 years. This represents 22% of all properties in Commerce. Flood risk is increasing faster than the national average.