The city of Excelsior is located in Hennepin County on the shores of Lake Minnetonka. Just 12 miles west of Minneapolis it’s a beautiful city with great shopping and even greater beaches. Very proud of it’s historical identity, the city is known for it’s Victorian housing stock.
From May of 2015 to May of 2016 this is the most up to date information on what is happening in the Excelsior Real Estate Market. Statistics offered by the Minneapolis Area Association of Realtors.
|Median Sales Price||$470,000||$573,850||+22.1%|
|Days on the market||80||48||-40.0%|
|Months Supply of Inventory||4.6||5.9||+28.3%|
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 Excelsior!
Due to the small sample size as little as one sale will make the percentages look more significant than they are. The trend in Excelsior is similar to the rest of the Twin Cities metropolitan area in that there is a shortage of homes on the market. It’s a very good time to be a seller. The average sale price is much higher in Excelsior than the rest of the metro area.
See more Statistics on Excelsior Real Estate Here
Back to the rest of the Twin Cities Real Estate Market Update Menu