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How long will it take my house to sell?

Posted Oct 28 2008 9:48pm

2222479_thumb If you're developing a move plan, you'll want to know how long it will take for your house to sell.  It's usually one of the first questions I get asked. Especially now, as it's taking longer to sell a home than it did one year ago.

You should be able to use the following tables as a general guide if your house is in Minneapolis or St. Paul if the following are true:

  • The house is priced correctly for the location and condition,
  • The marketing plan is targeted at the likely buyer for the house,
  • It's easy for buyers to find you on the internet,
  • You're flexible on the terms of the sale of your home,
  • Your home is close to the average price for your neighborhood

This data is taken from the Regional Multiple Listing Service (MLS) and reflects the average days a property was on the market over the last 90 days and includes single family homes, condominiums, and townhomes.

Minneapolis
Avg. Days on Market       Avg. Sale Price
Calhoun80.7351,566
Camden98.5142,062
Central91.8296,092
Longfellow70.3233,911
Nokomis71.8236,598
North101.934,185
NorthEast71.5176,986
Phillips77155,240
Powderhorn76.1178,997
Southwest75.8148
University129.1260,281

St. Paul

Avg. Days on Market        Avg. Sale Price
Riverview/Cherokee81156,361
Homecroft70.3160,940
Crocus Hill90.2243,891
Downtown187.1226,181
Central80.3131,824
Como64205,602
St. Anthony/Midway58.5200,471
Meriam Park67.4353,000
Mac/Groveland82.5288,285
Highland70.3256,265
Phalen97.4169,635
Dayton's Bluff90.1158,003
Southeast114.3222,022
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