Inventory in Calhoun Isles has been rising recently, with 108 homes on the market in February and a 12.5% increase from the prior month. New listings reached 90, yet pending sales were only 59 and are down sharply, falling 52.8% year over year. Homes are taking longer to move than a month ago, with median days on market up 19.64% to 67 days.
Pricing is adjusting to these conditions, though values remain relatively strong. The typical home value is about $492,000, up 5.24% over the past year, and notably higher than the broader Minneapolis typical value of $320,000, even as citywide values slipped 4.48%. Sellers are still in a favorable position overall, reflected in a seller's market gauge reading of 18.
List prices show signs of upward pressure, with the median list price at $567,000 and projected to reach about $616,750 next month, even as the projected typical home value edges down to $490,500. Only about 19% of recent sales closed above list price, and the average sale-to-list ratio sits just under full price at 0.98, indicating buyers have some room to negotiate. With projected inventory expected to tick up to 114 homes, both buyers and sellers can benefit from working with an Agent Pronto–recommended real estate agent who understands how to navigate this evolving market.
