Median Price Per Foot in Minneapolis' Victory Neighborhood Continues to Soar

Posted by Kris Lindahl on Friday, February 19th, 2016 at 9:51am.

Victory Homes For Sale, MinneapolisLocated about 5 miles northwest of downtown Minneapolis, the Victory neighborhood is a quiet yet desirable part of the city that features homes that were mostly built between 1920 and 1960. It’s here you’ll find a terrific assortment of bungalows, Tudors, and Georgian-style homes that, although, older, exude an incredible amount of charm and character.

After a quick drive through the neighborhood, the abundance of tree-lined streets, newly paved trails and walkways, and the overall quaint and low-key vibe has many potential home buyers dreaming about all the different possibilities while also asking themselves, “what’s currently available?”

Well, simply put, the answer to that question largely relates to what you want as a home buyer. If you’re looking for an entry-level home or bungalow that could use a little work here and there, there’s no doubt Victory is a great place to consider.

Since right around 2012, when market conditions finally started to improve after the nationwide housing crash, the median price per square foot in Victory has steadily increased, which continued again last year.

According to recent stats from the Minneapolis Area Association of Realtors, the median price per square foot in Victory back in January 2012 was right around $56. In January 2016, that price was recorded at $103 per foot, which also suggests buying a home in Victory should be a great long-term investment as well. So if you’re looking to make a move or perhaps entering home ownership for the first time, give us a call today to learn more about the neighborhood and its surrounding area, or just start searching Victory homes for sale to see what’s currently listed on the market!

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