Twin Cities Market Statistics

Average Sale Prices and the annual increases or decreases in prices are a good way to understand the different property values and trends around the cities. The chart below notes 2021, 2022, and 2023 average sale prices in the aggregate and the corresponding rate of increase/decrease.

Of course, homes are like fingerprints (or snowflakes!)—no two are quite alike. So it’s best to have a real estate professional analyze the accurate value of your specific property if that’s your intent. So, this data should not be used to create a value for your home. Rather, the below data is most applicable to track the trend of your neighborhood's property values. The average sale price increases or decreases are comprised of enough data points (sold homes) to reflect a reliable barometer of your neighborhoods’ value path.

Note that the more dense the tracked neighborhood (downtown and inner rings are the most dense and the neighborhoods get generally less dense and more homogenous as one gets further from the center of the city), the more the neighborhoods tend to divide into smaller groups. As an example, GoldenValley is an inner ring suburb. It has naturally divided, over time, between the homes east of Hwy 100 and those to the west. Those to the west increased in value by 3% over the last two years, while homes to the east of Hwy 100 increased by 36%!. These more nuanced breakdowns by geography aren’t tracked by MLS individually, but have been pulled manually based on my knowledge of the market geography and then populated with MLS data. If you have an individual area you would like me to analyze, let me know!

We’ve listed over 200 neighborhoods below over a 3 year period. The most actionable data is the % increase or decrease over a 3 year span since we began to pull out of the pandemic. That number will provide a trend line. Note that all of this data is generated by MLS.