Comprehensive market data and analysis• Updated Dec 2025
21.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 6 | 19 | 45 |
| 1-2 acres | - | - | 4 | 16 |
| 2-5 acres | - | 3 | 6 | 16 |
| 5-10 acres | 1 | 3 | 7 | 12 |
| 10-20 acres | - | - | - | 3 |
| 20-50 acres | - | 1 | 3 | 9 |
| 50-100 acres | - | - | 1 | 3 |
| 100+ acres | - | - | - | - |
| TOTAL | 3 | 13 | 40 | 104 |
Acreage buckets
The median price for land in Hennepin County, Minnesota is currently $380K per acre. For a typical parcel, the median sale price is $323K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $50K while premium lots reached $1.3M.
Hennepin County, Minnesota is currently a strong buyer's market with 21.4 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 183.3% year-over-year.
Hennepin County, Minnesota currently has 21.4 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in Hennepin County, Minnesota averages $3986.5M per acre. The median price per acre is $380K, which may be more representative of typical transactions. Most parcels sold are around 33,759 sq ft.
Land in Hennepin County, Minnesota typically sells within 136 days of listing. The median time on market is 91 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in Hennepin County, Minnesota is 4.7% (3-month basis), indicating slow demand. With appreciating values (+183.3% YoY), the market shows growth potential. The top-performing broker in this market is Coldwell Banker Realty.
Over the past 12 months, Hennepin County, Minnesota saw 132 properties sold, totaling $82.1M in sales volume. In just the last 3 months, 24 properties changed hands.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
