Inver Grove Heights, Minnesota, offers a dynamic real estate landscape that caters to a variety of buyers and renters. Understanding the current market trends is essential for making informed decisions.
Current Market Overview
As of April 2026, the median home value in Inver Grove Heights stands at $379,030, reflecting a 2.1% increase over the past year. Homes typically go pending in around 27 days, indicating a moderately competitive market. The median list price is $367,400, with a median sale price of $312,467. The market has 93 active listings, providing a range of options for prospective buyers.
Rental Market Insights
For those considering renting, the average rent in Inver Grove Heights is $1,831 per month, slightly below the national average of $1,930. This represents a 2.8% increase over the past year, suggesting steady demand in the rental sector.
New Developments and Housing Options
The city is experiencing ongoing new construction, particularly on the north side, with prices starting in the $300,000s for two-bedroom multi-family properties. Established neighborhoods like Inver Wood Estates offer single-family homes with expansive lots, while areas such as Salem Square feature multi-family condos, apartments, and townhouses.
Market Dynamics
In March 2026, the housing market had a two-month supply of inventory, with 58 new listings at a median list price of $405,000. Inventory declined by 1% over the past month and by 3% over the past year, indicating a tightening market.
Whether you’re looking to buy, sell, or rent in Inver Grove Heights, staying informed about these trends will help you navigate the market effectively.
