$6,531 Closing Credit¹
#6652922, Listing Office: Edina Realty, Inc.
Downtown East Housing Market Report January 2025•Hennepin County, Minnesota
Housing Prices in Downtown East, MN
How much do homes in Downtown East, MN cost?
Housing Market Conditions
Is Downtown East, MN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Downtown East is a Seller's Market
Difference Since January 2024
Since last year, Downtown East has remained a Seller's Market.
Insight
Downtown East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$623,000$398/SqFt
-$5,000
-0.8%
Based on all homes sold in the last 12 months
Insight
Homes in Downtown East have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Downtown East was $623,000 in January 2025, down 0.8% from last year, and the median price per square foot was $398.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Downtown West | $220K | $282K | +28.2% |
| Central | $326.5K | $365K | +11.8% |
| Downtown East | $628K | $623K | -0.8% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $395K | $395K | 0.0% |
| 22 Bedrooms | $600K | $603.7K | +0.6% |
| 33 Bedrooms | $837.5K | $1.0M | +30.9% |
| 44 Bedrooms | - | - | N/A |
| 55+ Bedrooms | - | - | N/A |
Summary: Downtown East housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +0.6%. The home price for 3 bedroom homes increased by +30.9%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
Housing supply in Downtown East, MN
How many homes are available in Downtown East, MN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 30Last MonthJan 2025 | ||
| 252 months agoDec 2024 | +20.0 % Change MoMDec – Jan |
Summary: The Downtown East real estate market had 30 homes for sale in Jan 2025, a 20.0 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 6Last MonthJan 2025 | ||
| 32 months agoDec 2024 | +100.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 3 | 4 | +33.3% |
| 22 Bedrooms | 20 | 22 | +10.0% |
| 33 Bedrooms | 2 | 4 | +100.0% |
| 44 Bedrooms | 0 | 0 | 0.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Downtown East housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +33.3%. The inventory for 2 bedroom homes increased by +10.0%. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Downtown East, MN cost?
Over Asking Price0 Home
At Asking Price3 Homes
Under Asking Price3 Homes
Insight
If you're buying a home in Downtown East, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Downtown East in January 2025, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and and 0% were sold over asking.
Days on Market for Downtown East, MN
How long does it take to sell a home in Downtown East, MN?
Breakdown of Home Sale Times
Under 30 Days3 Homes
30 – 90 Days1 Home
Over 90 Days2 Homes
Insight
Many homes in Downtown East are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 6 homes were sold in Downtown East; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 58 DaysThis YearJan 2025 | ||
| 105 Days1 year agoJan 2024 | -44.5 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Downtown East had an average listing age of 58 days in Jan 2025, down by 44.5% compared to the previous year.
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Newest Listings in Downtown East, MN
What homes are available in Downtown East, MN?
$3,205 Closing Credit¹
#6651875, Listing Office: VSM Real Estate LLC
$10,000 Closing Credit¹
#6647301, Listing Office: Keller Williams Realty Integrity Lakes
$3,147 Closing Credit¹
#6650049, Listing Office: Compass
$6,828 Closing Credit¹
#6632373, Listing Office: Keller Williams Realty Integrity
$8,134 Closing Credit¹
#6645493, Listing Office: TheMLSonline.com, Inc.
$5,461 Closing Credit¹
#6643479, Listing Office: DRG
$4,453 Closing Credit¹
#6639092, Listing Office: Engel & Volkers Minneapolis Downtown
$2,242 Closing Credit¹
#6634426, Listing Office: Coldwell Banker Realty
$4,156 Closing Credit¹
#6631938, Listing Office: Real Broker, LLC
3D tour
$5,521 Closing Credit¹
#6622045, Listing Office: Keller Williams Integrity Realty
$10,000 Closing Credit¹
#6619164, Listing Office: eXp Realty
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Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., for the period 02/01/2023 - 02/01/2025
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Last updated on: 2/2/2025, 5:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.