Is Hennepin County, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hennepin County is a seller's market

Buyer's
Market

Difference Since April 2021

Since last year, Hennepin County has remained a Seller's Market.

Key Takeaway

Hennepin County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Hennepin County, MN cost?

Median Sold Price

$355,045

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$24,552(+7.4%)

Key Takeaway

Homes in Hennepin County have sold for 7.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $165K$169.8K
+3.0%
2 $245.2K$260K
+6.0%
3 $316.7K$342.2K
+8.0%
4 $402.8K$439.6K
+9.1%
5+ $590.3K$670.1K
+13.5%

Median Sold Price Compared To Nearby Counties

Carver County
+15.9%
Wright County
+14.7%
Anoka County
+13.8%
Ramsey County
+11.7%
Hennepin County
+7.4%

How many homes are available in Hennepin County, MN?

Number of Homes For Sale

Mar 2022Apr 2022%
4,9165,675+15.4%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 334380
+13.8%
2 1,0881,220
+12.1%
3 1,5521,746
+12.5%
4 1,2591,490
+18.3%
5+ 683839
+22.8%

Number of Homes Sold

Mar 2022Apr 2022%
1,3481,548+14.8%

Asking Price vs. Sold Price

256 Homes Were Sold
Under Asking

305 Homes Were Sold
At Asking

987 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hennepin County, you could pay more than the asking price. 63.8% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
22 Days18 Days-15.1%

Breakdown of Home Sale Times

1,317 Homes Were Sold
Under 30 Days

152 Homes Were Sold
In 30 - 90 Days

77 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hennepin County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

New

5835 Oakview Ln N, Plymouth, MN 55442

5835 Oakview Ln N, Plymouth, MN 55442

$599,900
4,350 SqFt
4 Bedrooms
~$2,700/mo.*2 Full Baths
#6203455Listing Office:
eXp RealtyMLS logo

New

425 Queen Ave N, Minneapolis, MN 55405

425 Queen Ave N, Minneapolis, MN 55405

$315,000
2,240 SqFt 
~$1,400/mo.*0 Baths
#6201634Listing Office:
Coldwell Banker RealtyMLS logo

New

8900 Northwood Pkwy, New Hope, MN 55427

8900 Northwood Pkwy, New Hope, MN 55427

$300,000
1,899 SqFt
3 Bedrooms
~$1,350/mo.*1 Full Bath, 1 Partial
#6203784Listing Office:
eXp RealtyMLS logo

New

11947 101st Ave N, Maple Grove, MN 55369

11947 101st Ave N, Maple Grove, MN 55369

$435,000
2,236 SqFt
4 Bedrooms
~$1,950/mo.*2 Full Baths
#6203770Listing Office:
Counselor Realty, Inc.MLS logo

New

2800 Dean Pkwy, Minneapolis, MN 55416

2800 Dean Pkwy, Minneapolis, MN 55416

$750,000
2,691 SqFt
4 Bedrooms
~$3,350/mo.*1 Full Bath
#6194193Listing Office:
Lakes Sotheby's InternationalMLS logo

New

10843 Shore Dr, Plymouth, MN 55441

10843 Shore Dr, Plymouth, MN 55441

$449,900
2,207 SqFt
3 Bedrooms
~$2,000/mo.*2 Full Baths, 1 Partial
#6203790Listing Office:
Redfin CorporationMLS logo

New

4601 Portland Ave, Minneapolis, MN 55407

4601 Portland Ave, Minneapolis, MN 55407

$459,900
2,464 SqFt
4 Bedrooms
~$2,050/mo.*2 Full Baths
#6203620Listing Office:
Coldwell Banker RealtyMLS logo

New

3442 20th Ave S, Minneapolis, MN 55407

3442 20th Ave S, Minneapolis, MN 55407

$349,000
1,940 SqFt 
~$1,550/mo.*0 Baths
#6191707Listing Office:
RE/MAX ResultsMLS logo

New

2031 Pine Island Rd, Minnetonka, MN 55305

2031 Pine Island Rd, Minnetonka, MN 55305

$850,000
4,576 SqFt
5 Bedrooms
~$3,800/mo.*2 Full Baths, 1 Partial
#6187165Listing Office:
Edina Realty, Inc.MLS logo

New

8161 33rd Ave S Unit 1402, Bloomington, MN 55425

8161 33rd Ave S Unit 1402, Bloomington, MN 55425

$239,900
700 SqFt
1 Bedroom
~$1,100/mo.*1 Full Bath
#6203695Listing Office:
RES RealtyMLS logo

New

224 Chicago Ave N, Wayzata, MN 55391

224 Chicago Ave N, Wayzata, MN 55391

$1,900,000
3,780 SqFt
4 Bedrooms
~$8,500/mo.*2 Full Baths, 1 Partial
#6202824Listing Office:
CompassMLS logo

New

1920 1st St Unit 1202, Minneapolis, MN 55454

1920 1st St Unit 1202, Minneapolis, MN 55454

$210,000
1,110 SqFt
2 Bedrooms
~$950/mo.*2 Full Baths
#6202525Listing Office:
RE/MAX ResultsMLS logo

About Hennepin County, MN

Hennepin County, MN has 5,675 homes for sale to choose from. Between March 2022 and April 2022, Hennepin County, MN real estate market has seen increase in the number of listings by 15.4%. In April 2022 median list price was $355,045 and the average listing age was 18 days. Listing prices have changed in this real estate market between March 2022 and April 2022: prices of 1 bedroom properties increased by 3%, the cost of 2 bedrooms properties went up by 6%, the cost of 3 bedrooms properties went up by 8%, prices of 4 bedrooms properties went up by 9.1%, the cost of 5 bedrooms properties went up by 13.5%. This housing market inventory have changed: the quantity of 1 bedroom homes went up by 13.8%, the quantity of 2 bedrooms homes went up by 12.1%, number of 3 bedrooms homes increased by 12.5%, volume of 4 bedrooms homes went up by 18.3%, 5 bedrooms homes became 22.8% more available. In April 2022 more than 987 listings in Hennepin County, MN were sold above the asking price. During the same period more than 305 listings were sold at asking price, while more than 256 were sold below.

MLS Disclaimers and Copyright

Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., and Wisconsin Real Estate Exchange for the period 05/01/2020 - 05/01/2022

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2022, 12:45:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2022, 8:20:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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