Inver Grove Heights, MN Home Values & Market Trends

Real estate market trends reflect that there have been 426 transactions over the past year in Inver Grove Heights. The median value for residential home transactions that occurred over the previous year is $357,075.58. The number of current listings in Inver Grove Heights is 43, and the percentage of properties for sale in the city is 43.00%. Inver Grove Heights, MN currently has 14 properties in foreclosure, 11 bank owned properties, 3 properties headed for auction, and 43 properties for sale.

Inver Grove Heights, MN Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
55076

$ 322,963

$ 181/sqft

55077

$ 539,500

$ 194/sqft

Housing Market Summary for Inver Grove Heights, MN

Mar 2023February 2024Change
Median Listing Price$350K$337.3K-3.61%
Median Sold Price$335K$337.3K0.70%
Homes For Sale3428-17.65%
Homes Sold2522613.57%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Inver Grove Heights, MN

Inver Grove Heights home values range from $25,992 to $7,754,545. The median estimated value of a home in Inver Grove Heights is $357,075.58. The median list price of a home is 391,000, and the total count of properties in the city is 11,681.

Foreclosure
There are 2 zips within Inver Grove Heights, MN; within these zips, the median estimated home value for homes in foreclosure ranges from $742,750 in 55076 to the lowest value of $88,553 in 55076. Foreclosure homes account for 0.00% of properties in Inver Grove Heights, MN with 55076 containing 9 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Inver Grove Heights, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Inver Grove Heights, MN; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Inver Grove Heights, MN ranges from the highest value of $358,148 in 55077 to the lowest value of $88,553 in 55076. Bank owned homes and properties account for 0.09% of properties in Inver Grove Heights, MN. There are 2 zips within Inver Grove Heights, MN; 55076 containing 6 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    55076 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Inver Grove Heights, MN. Auction homes and other auction properties account for 0.03% of all properties in Inver Grove Heights, MN. There are 2 zips within Inver Grove Heights, MN; of those zips, the median estimated home value for homes going to auction ranges from $353,660 in 55076 to the lowest value of $235,500 in 55076.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.37% of residential properties in Inver Grove Heights, MN with 55076 containing 26 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Inver Grove Heights, MN; homes for sale in those zips, have a range of median values from $850,000 in 55077 to the lowest value of $196,397 in 55076.
    Sold Homes
    The median value for recently sold homes ranges from $2,257,433 in 55077 to the lowest price of $142,356 in 55077. There are 2 zips within Inver Grove Heights, MN. 55076 has 163 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.04% of properties in Inver Grove Heights, MN.

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      Guide for Inver Grove Heights, MN

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