Excelsior, MN Real Estate & Homes for Sale

The Excelsior housing market remains very competitive despite notable price declines, with the median sale price at $565K, down 44.7% year-over-year, and the median price per square foot at $396, down 10.9%. These significant drops may be attracting more buyers, fueling competition as lower prices create opportunities in what is typically a high-demand area. Limited inventory continues to drive multiple offers on desirable properties, suggesting that while prices have adjusted, demand for homes in Excelsior remains strong, keeping the market highly competitive.

Excelsior is a very competitive housing market, with homes selling in an average of 26 days, reflecting strong buyer interest despite recent price declines. Many properties receive multiple offers, and some buyers are willing to waive contingencies to secure a deal, highlighting the ongoing demand in this sought-after area. On average, homes sell for about 2% below list price and typically go pending in around 26 days, suggesting that buyers still have some negotiating power. However, hot homes—especially those in desirable locations or with premium features—can sell much faster, often going pending in as little as 8 days and achieving prices up to 1% above list price, showing that competitive bidding remains common for high-demand properties.

Excelsior, MN is a balanced market in June 2025, meaning the supply of homes is roughly equal to buyer demand, creating a stable and steady housing environment. While competition exists—especially for well-priced or highly desirable properties—buyers generally have more room to negotiate compared to a strong seller’s market. Homes are selling at a moderate pace, with most closing slightly below list price, though hot homes can still attract multiple offers and sell quickly. For sellers, realistic pricing and proper presentation are key to standing out, while buyers benefit from having more options and less urgency when making purchasing decisions.