43 cities with year-over-year price decreases
-47.0%
Biggest Drop
-10.7%
Avg Decline
Price drops can signal buying opportunities. These markets may offer better negotiating leverage and more affordable entry points compared to last year.
| # | City | YoY Change | Median Price | Days on Market | Months Supply |
|---|---|---|---|---|---|
| 1 | Albert Lea | -47.0% | $123K | 56 days | 3.9 mo |
| 2 | East Bethel | -23.2% | $388K | 37 days | 3.7 mo |
| 3 | Lake Elmo | -20.5% | $566K | 70 days | 2.9 mo |
| 4 | Northfield | -20.2% | $345K | 38 days | 2.7 mo |
| 5 | Prior Lake | -19.1% | $421K | 75 days | 1.5 mo |
| 6 | Faribault | -18.6% | $242K | 35 days | 2.0 mo |
| 7 | Worthington | -18.3% | $190K | 72 days | 3.3 mo |
| 8 | Hutchinson | -17.6% | $230K | 38 days | 1.3 mo |
| 9 | Ramsey | -16.0% | $356K | 43 days | 1.5 mo |
| 10 | Marshall | -15.3% | $197K | 16 days | 1.8 mo |
| 11 | Watertown | -12.6% | $291K | 30 days | 1.3 mo |
| 12 | Shoreview | -12.4% | $332K | 19 days | 1.5 mo |
| 13 | Eagan | -12.4% | $355K | 39 days | 1.1 mo |
| 14 | Blaine | -12.3% | $346K | 37 days | 1.6 mo |
| 15 | Monticello | -12.3% | $322K | 49 days | 3.0 mo |
| 16 | Minnetrista | -12.3% | $535K | 114 days | 2.0 mo |
| 17 | Rogers | -12.3% | $378K | 74 days | 3.0 mo |
| 18 | Stillwater | -11.7% | $433K | 37 days | 1.3 mo |
| 19 | Coon Rapids | -10.9% | $304K | 28 days | 1.0 mo |
| 20 | Fridley | -10.4% | $300K | 25 days | 1.3 mo |
| 21 | Brainerd | -10.4% | $238K | 48 days | 2.4 mo |
| 22 | Farmington | -10.3% | $413K | 54 days | 3.5 mo |
| 23 | Lonsdale | -9.2% | $386K | 20 days | 1.3 mo |
| 24 | Delano | -8.5% | $430K | 47 days | 3.1 mo |
| 25 | Lakeville | -8.3% | $458K | 44 days | 2.6 mo |
| 26 | Columbia Heights | -8.1% | $285K | 41 days | 1.1 mo |
| 27 | Shorewood | -7.2% | $908K | 61 days | 2.1 mo |
| 28 | Rosemount | -6.8% | $442K | 46 days | 2.5 mo |
| 29 | Edina | -6.6% | $548K | 44 days | 1.8 mo |
| 30 | Golden Valley | -6.2% | $435K | 22 days | 2.3 mo |
| 31 | St. Louis Park | -5.2% | $375K | 46 days | 1.8 mo |
| 32 | Oak Grove | -5.0% | $495K | 60 days | 1.9 mo |
| 33 | Mendota Heights | -4.6% | $650K | 22 days | 1.9 mo |
| 34 | Rochester | -4.5% | $320K | 25 days | 1.8 mo |
| 35 | Hopkins | -4.4% | $344K | 111 days | 1.0 mo |
| 36 | Becker | -4.1% | $302K | 80 days | 2.0 mo |
| 37 | St. Francis | -3.5% | $327K | 61 days | 4.0 mo |
| 38 | Alexandria | -3.1% | $240K | 49 days | 2.0 mo |
| 39 | White Bear Lake | -2.6% | $331K | 46 days | 1.3 mo |
| 40 | Apple Valley | -2.6% | $380K | 38 days | 1.3 mo |
| 41 | Anoka | -1.6% | $334K | 29 days | 1.5 mo |
| 42 | Andover | -0.5% | $436K | 33 days | 1.4 mo |
| 43 | Zimmerman | -0.3% | $321K | 64 days | 3.5 mo |
43 cities in Minnesota are experiencing year-over-year price declines. The largest drop is in Albert Lea at -47.0%.
Price drops can create buying opportunities, but timing the market is difficult. Work with a local agent who understands whether a market is stabilizing or may continue to decline.
Work with a local agent who can help you identify value in changing markets.
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