Q2 2025 Downtown Minneapolis Real Estate Market Report
By Lynn Burn Real Estate
As we close out the second quarter of 2025, the downtown Minneapolis real estate market continues to demonstrate dynamic shifts shaped by seasonal patterns and buyer behavior. Whether you're a buyer, seller, or investor, understanding these evolving trends is essential to making informed decisions. Here’s a snapshot of the Q2 market performance.
Market Trends & Performance
Sales Activity
New listings in Q2 totaled 298, slightly down about 3% from last year, while total homes for sale rose 16% to 270, indicating modestly increased inventory and more options for buyers. Homes moved quickly, with a median days on market of just 49, though this is up 14% year-over-year.
Median Sale Prices
The median sales price downtown dipped approximately 16% to $350,000 this quarter. This decline contrasts with the more modest 8.7% drop in median price per square foot, underscoring a shift toward smaller or more varied property types changing the overall median.
Notable Developments & Trends
While luxury listings continue to come on the market, their availability has decreased. Our team has found success navigating this environment by connecting buyers with off-market and pre-market opportunities, a critical advantage in a competitive landscape.
Looking Ahead
With inventory slightly higher and buyer activity remaining strong, the downtown market is poised for continued momentum heading into the summer months. For sellers, preparing your property to stand out remains key, while buyers benefit from a strategic approach to uncovering hidden gems. Our team specifically has experienced a great headwind from the late spring market, with a book of closings to occur in the summer months.
Work With a Downtown Minneapolis Expert
Navigating the downtown market takes local knowledge and a proactive strategy. Whether you’re buying, selling, or investing, Lynn Burn Real Estate offers tailored guidance to help you reach your goals with confidence.
Looking to make a move? Let’s connect and strategize your next steps.
REACH OUT TO DISCUSS HOW THESE NUMBERS AFFECT YOUR MARKET TIMING AT [email protected]
Data retrieved from the NorthStarMLS via map of Downtown Minneapolis Neighborhoods including: Loring Park, Elliot Park, Downtown West, Central Minneapolis, North Loop, East Town, Mill District, Nicollet Island, St. Anthony West, and Marcy-Holmes.
HAVE QUESTIONS ABOUT DOWNTOWN MINNEAPOLIS OR SURROUNDING REAL ESTATE MARKETS?
Contact our team by call, email, or submitting a form at: lynnburnrealestate.com
