The city of Burnsville is 15 miles south of downtown Minneapolis in Dakota County. The city lies on the south bank of the Minnesota River, just upstream from where it meets with the Mississippi River. Population about 61,400.
From May of 2015 to May of 2016 this is the most up to date information on what is happening in the Burnsville Real Estate Market. Statistics offered by the Minneapolis Area Association of Realtors.
|Median Sales Price||$215,500||$225,250||+4.5%|
|Days on the market||75||70||-6.7%|
|Months Supply of Inventory||3.1||2.0||-35.5%|
What this means for you if you’re selling your home:
It’s a very good time to sell your home if you live in Burnsville!
- There are fewer listings on the market now than there where one year ago and there are also 12% more closings-which is GREAT!
- The sales price for homes is up slightly by almost 4%
- The best news has to do with how many homes are on the market. There is a shortage of homes currently listed which means there is more demand, which will hopefully keep driving up the prices of homes. In fact, it has become a stronger seller’s market in Burnsville than it was one year ago.
See more Statistics on Burnsville Real Estate Here
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