Find out where your city and neighborhood ranks in the hottest real estate markets in the Twin Cities region
The Twin Cities real estate market remained competitive last year, despite mortgage interest rate hikes that began mid-year. To find out which cities were the most popular last year, the Star Tribune compiled its annual Hot Housing Index, which ranks communities based on where homes sold faster than the previous year; prices posted the largest gains; sellers got closest to the asking price and market times fell the most.
The Hot Housing Index combines key housing metrics from year-end data provided by Minneapolis-area realtors: change in median price per square foot; median days on market; percentage of the current price received by the seller; and the change in closed sales compared to the previous year. We ranked each community on these metrics, then summed the rankings to get an index score. The Star Tribune only includes housing markets with 80 or more sales of previously owned homes. Newly built houses are excluded because not all are reflected in the data.
Use the search tool below to see rankings for the nearly 100 cities included in the Hot Housing Index, as well as historical housing sales data and ownership metrics from US Census Bureau surveys. Some of this data is also available for neighborhoods in Minneapolis and St. Paul and other cities in the 13-county metropolitan area that did not see enough sales last year to be included in the index.
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