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
Housing Market Summary for Inver Grove Heights, MN
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $350K | $337.3K | -3.61% |
Median Sold Price | $335K | $337.3K | 0.70% |
Homes For Sale | 34 | 28 | -17.65% |
Homes Sold | 252 | 261 | 3.57% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Inver Grove Heights, MN
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.
- Pre-ForeclosurePre-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 OwnedThe 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.
- Auctions55076 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.
Compare Nearby Cities
More Real Estate Resources for Inver Grove Heights, MN
Guide for Inver Grove Heights, MN
The article provides a comprehensive analysis of real estate market trends in Minneapolis and its surrounding cities, highlighting various shifts in property values and sales. The observations reflect a diverse and dynamic market catering to varying buyer preferences and budgets.
Learn about the 28% rule, expert tips, and budgeting strategies to ensure you spend wisely on your dream home.
Learn what a Zombie property is and how to avoid your home becoming one.
This analysis highlights the significant growth in Boston’s real estate market with increasing property values, and the diversity of pricing in its neighborhoods. It presents a dynamic market catering to a wide range of buyers and investors, from high-end to more economic entry points.