Why Live in Phillips
The Phillips neighborhood in Minneapolis is a vibrant area known for its international marketplace and diverse architectural styles. Lake Street serves as a bustling commercial hub, offering a variety of global cuisines and independent shops. The community is characterized by its early 1900s residential streets, featuring Craftsman, Foursquare, and Victorian homes, including grand Queen Anne-style houses with intricate detailing. The Midtown Global Market, located in the former Sears building, is a local highlight with over 40 stalls offering international goods and cuisine, alongside regular musical performances. Outdoor enthusiasts can enjoy the Midtown Greenway, a biking and walking trail connecting to the Mississippi River and the Minneapolis Chain of Lakes Regional Park. Phillips also boasts several parks, such as Stewart Park and East Phillips Park, which provide playgrounds and wading pools. Education in the area includes South Senior High School, known for its strong academic programs and supportive environment. The neighborhood is home to Allina Health Abbott Northwestern Hospital and Children’s Minnesota Hospital, both accessible via Metro Transit. With its lively and welcoming atmosphere, Phillips offers urban convenience and community charm for residents.
Home Trends in Phillips, MN
On average, homes in Phillips, Minneapolis sell after 55 days on the market compared to the national average of 52 days. The median sale price for homes in Phillips, Minneapolis over the last 12 months is $242,500, down 9% from the median home sale price over the previous 12 months.
Median Sale Price
$242,500
Median Single Family Sale Price
$261,500
Median Townhouse Sale Price
$199,925
Average Price Per Sq Ft
$173
Number of Homes for Sale
18
Last 12 months Home Sales
42
Median List Price
$240,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-9%