Centerville, MN Foreclosures
Current Market Conditions in in Centerville, MN As of February 2026?
In the last month, the real estate market in Centerville has maintained its upward trajectory, with more homes entering the market but still remaining on the market for a shorter time than previous months. Buyers are actively competing for new listings, especially those under the median price point. Increased demand has put pressure on home prices, which have risen approximately 3% compared to last month.
How much do homes sell for in Centerville, MN?
The average home price is currently $451,994.
What’s the average rental cost in Centerville, MN?
The average rental price in Centerville is $1,804.
What is the most expensive home in Centerville?
The most expensive home sold in Centerville had a price of $2,515,367.
What is currently the cheapest priced home in Centerville, MN?
The cheapest home for sale in Centerville is priced at $50,077.
Living in Centerville, MN
Centerville, MN is a charming suburban community with a strong family-oriented culture. Located conveniently between Minneapolis and St. Paul, it offers various outdoor activities and local amenities while maintaining a cozy, small-town feel. The area is served by quality schools and provides a tight-knit community atmosphere, perfect for families and outdoor lovers.
Buyer vs Seller Market in Centerville, MN
The real estate market in Centerville is experiencing a healthy balance between supply and demand, with home prices gradually increasing. In recent months, the average home price has seen a slight uptick, indicating that buyers are showing strong interest in this area. Investors and families alike are attracted to Centerville due to its affordability compared to neighboring towns.
This year, Centerville has seen an influx of new residents, likely driven by the appeal of its community-oriented lifestyle and educational opportunities. As inventory remains low, homes are selling quickly, often above asking price, which suggests a competitive market.
Home Value Estimator For Centerville, MN
There are currently 1,194 real estate properties
in Centerville, MN,
with a median automated valuation model (AVM) price
of $390,400.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Centerville, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Centerville, MN,
is $451,994.00, with the most expensive house
in Centerville, MN, topping out
at $2,515,367.00 and the cheapest home
in Centerville, MN,
clocking in at $50,077.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Centerville, MN!
Rent Prices
In Centerville, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Centerville, MN, is on
a rollercoaster ride. The
average rent price in Centerville, MN,
is $1,804.00. Indeed, when looking to rent in
Centerville, MN, you can expect to pay as little
as $1,030.00 or as much
as $4,270.00,
with the average rent median estimated to
be $1,740.00. The good news is that finding
an affordable and desirable property to rent in Centerville, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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