Why Live in Terra Linda
Terra Linda, located in New Hope, Minnesota, features predominantly ranch-style and split-level homes on spacious lots with mature trees. These homes are generally smaller and more affordable compared to the Minneapolis metro area average. The city’s scattered site housing program helps improve the housing stock and elevate property values by replacing neglected homes with new builds. Although property taxes are higher than in some neighboring communities, they fund continuous street improvements without additional assessments for residents. Terra Linda is within a mile of several parks, including the local Terra Linda Park with a playground and basketball court, and the larger Valley Place Park in Crystal, which offers hockey rinks and a sledding hill. The neighborhood also has access to Sunnyview Park and Winnetka Hills Park. Midland Center on the west end of Terra Linda includes a Family Dollar, CVS, thrift store, and movie theater, while dining options feature Domino’s Pizza and Bali Market, a grocery store with diverse international cuisines. Additional grocery stores like Hy-Vee and Lunds & Byerlys are within 2 miles. Terra Linda is car-dependent but well-connected, with Metro Transit buses providing a 40-minute route to downtown Minneapolis. The nearest medical center, Regency Hospital, is 4 miles away, and the Minneapolis-Saint Paul International Airport is 20 miles away. Schools in the area include Armstrong High School, which is highly rated and offers a robust Advanced Placement program and numerous clubs.
Home Trends in Terra Linda, MN
On average, homes in Terra Linda, New Hope sell after 12 days on the market compared to the national average of 51 days. The median sale price for homes in Terra Linda, New Hope over the last 12 months is $375,000, up 18% from the median home sale price over the previous 12 months.
Median Sale Price
$375,000
Median Single Family Sale Price
$395,000
Average Price Per Sq Ft
$182
Number of Homes for Sale
1
Last 12 months Home Sales
2
Median List Price
$395,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
18%