Hennepin County, Minnesota

Excelsior, MN Real Estate Market Report 2026

Track Excelsior, MN housing market trends — median prices, days on market, appreciation rates, and expert analysis from The PRO Team at RE/MAX RESULTS.

Overview Market Trends Home Prices Neighborhoods Schools Buyer Guide Seller Guide Relocation Things to Do Luxury Homes Commute

Excelsior Housing Market Snapshot

Current market data for Excelsior, MN — updated regularly by The PRO Team at RE/MAX RESULTS.

Median Home Price

$842,000

As of 2025

Avg Days on Market

22 days

Median, all home types

Active Listings

21+

Currently available

Price Per Sq Ft

$295

Median single-family

Year-Over-Year Change

+4.9%

Excelsior has appreciated 4.9% annually. The historic home market has been particularly strong as buyers discover that character-rich renovated properties offer better value than comparable new construction elsewhere.

Market Conditions

Median home price: $842,000 — representing strong demand in the Excelsior market
Average days on market: 22 — a balanced, moderately competitive market
Price appreciation: +4.9% year-over-year, indicating positive momentum and continued buyer demand
21+ active listings across all home types at any given time
$295 price per square foot — useful benchmark for evaluating any specific listing

Price Ranges by Segment

Downtown Excelsior$500K – $1.2M

Gideon Bay$900K – $2.5M

West Excelsior$550K – $900K

South Excelsior$400K – $800K

Expert Market Analysis

Excelsior is part of the broader West Metro Twin Cities market, which consistently outperforms the national average for residential appreciation. Buyers benefit from strong resale values, excellent infrastructure, and high quality of life — all factors that sustain long-term demand.

For Buyers

Excelsior draws buyers who want the lake lifestyle with small-town walkability — creative professionals, empty nesters downsizing from larger lake estates, and buyers relocating from urban centers who appreciate character and community.

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For Sellers

Excelsior sellers benefit from the community's unique character premium. Properly staged historic homes and lake-access properties consistently draw competitive interest. The walkable downtown is a major marketing asset.

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Search Excelsior Homes on MLS

Browse every active listing — updated every 15 minutes with new listings, price changes, and coming-soon homes.

* Market data is for informational purposes. Contact The PRO Team for a personalized, real-time analysis.

Frequently Asked Questions

Common questions about Excelsior real estate market trends from buyers and sellers.

Is it a buyer's or seller's market in Excelsior right now?

Excelsior is currently operating in a more balanced market. Homes are averaging 22 days on market, and year-over-year appreciation stands at +4.9%. Excelsior has appreciated 4.9% annually. The PRO Team provides up-to-date absorption rate analysis on request.

What is the price per square foot in Excelsior?

Excelsior's current median price per square foot is $295. This varies significantly by neighborhood, home age, and condition — newer construction and lake-proximity properties typically command a meaningful premium above this figure. The PRO Team can provide a property-specific price-per-square-foot comparison for any home you're evaluating.

How has the Excelsior real estate market changed in the past year?

Excelsior home values have moved +4.9% year-over-year. Excelsior has appreciated 4.9% annually. The historic home market has been particularly strong as buyers discover that character-rich renovated properties offer better value than comparable new construction elsewhere. Active inventory stands at approximately 21 listings, which represents a tight supply environment.

What is the average days on market for homes in Excelsior?

Excelsior homes are currently selling in an average of 22 days on market. Well-priced, move-in-ready homes in desirable neighborhoods often sell faster. Homes that are overpriced or need significant work tend to sit longer. The PRO Team's market expertise helps both buyers and sellers calibrate to realistic timelines.

Home Valuation

What's Your Excelsior Home Really Worth?

Get a no-obligation valuation from a local Excelsior expert — not Zillow's algorithm. We pull real comparables, account for your home's specific features, and deliver a number you can actually plan around.