The city of Eden Prairie is an edge city 12 miles southwest of downtown Minneapolis in Hennepin County. It is the 12th largest city in the state of Minnesota with a population of over 62,600. is on the north bank of the Minnesota River.
From May of 2015 to May of 2016 this is the most up to date information on what is happening in the Eden Prairie Real Estate Market. Statistics offered by the Minneapolis Area Association of Realtors.
|Median Sales Price||$279,000||$292,000||+4.7%|
|Days on the market||105||92||-12.4%|
|Months Supply of Inventory||4.4||3.1||-29.5%|
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 Eden Prairie!
- Eden Prairie is experiencing a strong seller’s market. The amount of new listings are down and closings are up. Inventory is down making it a great time to sell your home.
- Median sales price is up almost 5% from last year.
- Interest rates remain at all time lows and buyers continue to gobble up homes at record pace. We’ll just see more of a healthy tug of war between buyers and sellers and may see a slow down in the increase of home sale prices.
- If you’re thinking about selling your home in the next 6 months to one year, we highly encourage you to get your home on the market now. If you have the opportunity to get in the market now, it would be advantageous for you to do so!
See more Statistics on Eden Prairie Real Estate Here
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