Lynn Burn Real Estate
2023 Downtown Minneapolis Real Estate in Review

2023 Downtown Minneapolis Real Estate in Review

  • January 4, 2024

2023 downtown Minneapolis real estate market review infographic with annual listing, sale price, and market statistics.

Rolling 12-month charts below of the Downtown Minneapolis real estate market. Data retrieved from the NorthStarMLS 1/4/2024 with some variation anticipated between sources and interpretation.

 

Downtown average sales price chart, rising to $470,113 in December 2023, up 2.4%.

Downtown average price per square foot, ending at $321 in December 2023, up 0.9%.

Line chart of Downtown new listings, declining to 921 in December 2023, down 17.4%.

Chart of downtown closed sales, declining from about 940 in 2020 to 577 in December 2023.

Chart showing Downtown days on market rising to 109 in December 2023, up 6.9%.

 

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.⁠

 

Do you have questions about Downtown Minneapolis or surrounding real estate markets?

Contact our team by call, email, or submitting a form at: https://lynnburnrealestate.com/

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