Real Estate Market Update for Eden Prairie, MN
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Welcome to May's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 6% from one year earlier, and up 2% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 500-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 15%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 290-thousand dollars. The number of units sold decreased 1% year-over-year, and increased 26% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Eden Prairie, MN
Area Information for Eden Prairie, MN
  • Population: 61,924
  • Median Age: 36.75 yr
  • Median Commute Time: 19.42 mins
  • Educational Climate*: 5
  • Sales Tax: 7.275%
  • Population Density: 1,908/sq mi
  • Population Change Since 2000: 12.79%
  • Closest Airport: Minneapolis-st Paul International/wold-chamberlain
  • Closest College: Cardinal Stritch University
  • Closest Jr. College: Normandale Community College
  • Median Household Income: $95,715
  • Annual Residential Turnover: 18.65%
  • Median Years in Residence: 3.92 yr
  • Median Home Sales Price: $252,177
  • Closest Major Sports Team: Twins
  • Change Avg. Household Income Since 2000: 21%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Eden Prairie, MN
Median Age: 36.75 Married: 39% Number of Households: 24,064 Households with Children: 8,955
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Eden Prairie, MN

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Forest Hills Elementary School 0.6 mi Public K-6 4 4
      The International School Of Minnesota 1.2 mi Private PRESCHOOL-12 0 4
      Eden Prairie Montessori Learning Center 1.2 mi Private PRESCHOOL-K 0 0
      Early Childhood Special Ed 1.2 mi Public PRESCHOOL-PRESCHOOL 0 0
      Early Childhood Family Center 1.2 mi Public PRESCHOOL-PRESCHOOL 0 0
      Eagle Ridge Academy Charter School 1.7 mi Public K-12 5 4
      Central Middle School 1.8 mi Public 7-8 4-5 4
      272 Central Middle School Alternative 1.8 mi Public 7-8 0 0
      Central Kindergarten Center 1.8 mi Public K-K 0 4
      Eagle Heights Spanish Immersion 1.8 mi Public PRESCHOOL-5 4 4
      Oak Point Elementary School 1.9 mi Public K-6 4 4
      City West Academy 1.9 mi Public 7-12 0 0
      Phase 2.0 mi Public 9-12 0 0
      Intersect 2.0 mi Public 7-12 0 0
      Vector Low Incidence 2.0 mi Public 10-12 0 0
      Prairie Center Alc 2.0 mi Public 9-12 1 1
      Transition Plus 2.0 mi Public 12-12 0 0
      International Spanish Language Academy 2.2 mi Public K-6 4 5
      Eden Lake Elementary School 2.2 mi Public K-6 3-5 4
      Eden Prairie Senior High School 2.4 mi Public 9-12 4-5 4
      Alc - Eden Prairie High School - Intermediate School 2.4 mi Public 7-12 0 0
      Alc Eden Prairie Hs-intermediate School 2.4 mi Public 9-12 0 4
      Prairie View Elementary School 2.4 mi Public K-6 3-5 5
      Options 2.4 mi Public 9-12 0 0
      West Education Center 2.4 mi Public 9-12 0 0
      West Education Center 2.4 mi Public 9-12 0 0
      Strive Transition South 2.4 mi Public 9-12 0 0
      Sunrise Montessori 2.5 mi Private PRESCHOOL-K 0 0
      Hennepin Technical Pathways 2.6 mi Public 7-12 0 0
      Cedar Ridge Elementary School 3.1 mi Public K-6 4 5
      Ubah Medical Academy Charter School 3.9 mi Public 9-12 2 4
      Main Street School Performing Arts 3.9 mi Public 9-12 3 5
      Harley Hopkins Family Center 4.3 mi Public PRESCHOOL-PRESCHOOL 0 0
      Alice Smith Elementary School 4.5 mi Public PRESCHOOL-6 2 4
      The Blake School 4.7 mi Private PRESCHOOL-12 0 4
      St. John's Catholic School 4.9 mi Catholic PRESCHOOL-6 0 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Eden Prairie, MN
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.