Southwest Minneapolis Real Estate

Southwest Minneapolis, Minnesota Average Home Sizes and Asking Prices

Updated On: May 19, 2012

Zipcode	Single Family Home					Townhome or Condo
	4 BR		3 BR		#Lst	3 BR		2 BR		#Lst
55419	2,400 sf	$467,000	1,800 sf	$298,000	131			1,200 sf	$180,000	6

Change and Trend of Asking Price in 55419

Sold Price History in 55419

Homes for Sale in Southwest Minneapolis

Southwest Minneapolis Real Estate & Homes for Sale in Minnesota

The community of Southwest Minneapolis is made up of 22 neighborhoods loosely bordered to the north by interstate 394 and to the east by 35W. Included in this municipality are the communities of Armatage, Bryn Mawr, Carag, Cedar-Isles-Dean, East Calhoun, East Harriet, East Isles, Echo, Fulton, Kenny, Kenwood Isles, Kingfield, Linden Hills, Lowry Hill, Lowry Hill East, Lyndale, Lynnhurst, Stevens, Tangletown, West Calhoun, Whittier and Windom. At the heart of this residential area are four of Minneapolis' 22 lakes: Lake Calhoun, Cedar Lake, Lake of the Isles, and Lake Harriet. In addition, the community is home to several of the metro area's 150 parks including Kenwood Park, Lyndale Park, and William Berry Park.

Many Southwest Minneapolis neighborhoods have their own management associations. With nearly 390,000 residents, Minneapolis and its surrounding cities make up the 14th largest metropolitan area in the country. The community and its various neighborhoods are rich in arts and culture, history, diversity, and natural beauty. The housing market in Minneapolis consists of single-family detached homes for sale, estate properties, condominiums and townhouses.

| Southwest Minneapolis City Guide |

Real Estate for Sale in Southwest Minneapolis

The real estate market in Southwest Minneapolis is diverse and affordable. The neighborhoods that make up the southwest area are typically located in beautifully wooded areas with large lots. Popular neighborhoods in Southwest Minneapolis are Linden Hills, East Harriet, Kingfield, Fulton, Lynnhurst, and Windom. The average home for sale in the area is 65 to 80 years old. Small bungalow homes range in price from $160,000 - $280,000. Most have updated utilities, a porch or deck, and basement. Larger Minneapolis SW homes for sale of the same era on bigger lots are available from the mid-$200,000s - $900,000+. Many are within walking distance of a lake or creek.

Houses in Minneapolis SW with waterfront locations or lake views are available from $1 million - $3.5 million+, including a few estate homes built in the 1990s. Condominium and townhouses for sale in Minneapolis SW built in the 1970s and '80s are available from $100,000+. Some of these units include a basement and separate dining room. Larger units built from the 1920s to '40s can be found up to $350,000.

Southwest Minneapolis Real Estate Stats and Trends for the week of May 14th, 2012: homes priced around $441,255 compared to $251,075 the previous week, showing a increase of more than +43%.  For Friday, May 18th, the current national mortgage rate for a 30 year fixed mortgage is 3.75%; the 15 year fixed rate is at 3.03%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.38%, while the 15 year jumbo rate currently is at 3.60%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in Southwest Minneapolis MN. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Southwest Minneapolis to help you find the best home!