The city of Mendota Heights is a first ring suburb of the Twin Cities. The population is about 11,071, and a total area of 10.12 square miles. Sun Country Airlines, Bellacror.com and Mayflower Distributing are all headquartered in Mendota Heights.
From May of 2015 to May of 2016 this is the most up to date information on what is happening in the Mendota Heights Real Estate Market. Statistics offered by the Minneapolis Area Association of Realtors.
| 2015 | 2016 | +/- | |
| New Listings | 123 | 114 | -7.3% |
| Closed Sales | 57 | 61 | +7.0% |
| Median Sales Price | $307,500 | $360,000 | +17.1% |
| Days on the market | 113 | 115 | +1.8% |
| Months Supply of Inventory | 4.8 | 3.8 | -20.8% |
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 Mendota Heights!
- Mendota Heights is showing that they are holding strong in the seller’s market. Low inventory means sellers have the advantage.
- Median sales price have gone up 17% and the days on market have stayed consistent.
- If you have the opportunity to get in the market now, it would be advantageous for you to do so!
See more Statistics on Mendota Heights Real Estate Here
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