Why Live in Downtown West
Downtown West in Minneapolis is a bustling urban neighborhood known for its historic roots and vibrant entertainment scene. The area is predominantly made up of condos, with many residents working in the nearby headquarters of Fortune 500 companies like Target. Nicollet Mall serves as the main shopping and dining hub, featuring an upscale Target and a variety of local restaurants such as The Local and The News Room. The Minneapolis Skyway System, spanning over 10 miles, makes the neighborhood highly walkable, even during the cold winters. Residents can also use bike shares, rentable scooters, buses, and light rail services for transportation. Mill Ruins Park along the Mississippi River offers scenic views and historical insights, while The Commons provides a lively urban park experience with food trucks and pop-up events. Sports fans can catch games at U.S. Bank Stadium, Target Field, and Target Center, while music lovers have venues like First Avenue and the Dakota Jazz Club. The neighborhood also boasts a thriving theater scene with historic venues like the Orpheum Theatre. Despite a recent decline in home values, the condo market is showing signs of recovery. Downtown West is safer than the national average. The neighborhood is served by Webster Elementary, Northeast Middle, and Edison High School, with additional options for magnet high schools like FAIR School for Arts.
Home Trends in Downtown West, MN
On average, homes in Downtown West, Minneapolis sell after 84 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown West, Minneapolis over the last 12 months is $275,000, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$275,000
Median Single Family Sale Price
$501,000
Median Townhouse Sale Price
$244,750
Average Price Per Sq Ft
$319
Number of Homes for Sale
80
Last 12 months Home Sales
97
Median List Price
$274,950
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%