Market Analysis Eden Prairie
A July 2023 market analysis of Eden Prairie, MN, from Rocket Homes.com, reports a seller’s market. This means demand exceeds the number of available listings, which tends to drive prices up. RocketHomes reports this increase to be 5.5% year-over-year in June 2023, causing an increase in the number of listings by 5.2%. Despite the increase in listings, it’s still below demand, which is why it’s still a seller’s market. Niche.com calls Eden Prairie one of the “Best Places to Live in Hennepin County.”
Eden Prairie offers urban amenities to a suburban community of families and young professionals. From hip cafes and parks with lots of cultural diversity and nightlife to excellent public schools rated “college prep,” it’s popular with people of all ages, incomes, and lifestyles. Residents here also enjoy short commutes to good jobs. This area is popular with people of all ages, incomes, and lifestyles. Realtor.com reported 160 listings of new and existing single-family homes, townhomes, and condos for sale in July. They ranged in price from as low as $185K to $3.5M.
The starting price is for a 2-bed/2-bath, 1050 sq ft condo built in 1982 in the prestigious community, “The Preserve.” HOA is $461 per month and covers all amenities, including a guard gate and a sandy beach! The top-priced listing was a 6-bed/4.5-bath, 7293 sq ft single-family home built in 1997 on a 2/3rds acre lot in the Bearpath Golf Community. The grand estate is fully renovated and located on the 16th fairway. The owner enjoys the full grandeur of the residence, plus access to the clubhouse and tennis courts. Call today to see a list of properties in your price range that meet all of your needs.
- Get a professional market analysis in Eden Prairie from a local real estate seller’s agent.