The housing market in Coon Rapids, Minnesota, has been experiencing notable trends in recent times. As of April 2026, the median listing price for homes stands at $339,000, reflecting a 7.62% increase over the past year. The median sold price is slightly higher at $350,000, indicating a competitive market where homes often sell above the asking price. Additionally, the median price per square foot is $190, providing a useful metric for comparing property values across different neighborhoods.
Inventory levels have seen a slight decrease, with 130 active listings, down 6.35% from the previous year. This reduction in available homes contributes to the market’s competitiveness, as buyers have fewer options to choose from. The median days on market for homes is 24 days, a 7.69% decrease year-over-year, suggesting that properties are selling more quickly than before.
For renters, the market has also seen changes. The median rent in Coon Rapids is currently $2,125 per month, marking a 6.25% increase over the past year. This rise in rental prices indicates a strong demand for rental properties in the area.
In terms of new developments, Knisley Homes has introduced the “Pheasant Hollow” project, an exclusive four-lot development located on Osage Street NW. These acreage lots come with city water and sewer services and are situated in a cul-de-sac, offering residents both privacy and convenience. The development emphasizes one-level living with spacious triple garages and scenic views of nature. Home packages in this development are estimated to start at $600,000, with prices varying based on lot selection, house size, and additional options.
Overall, the Coon Rapids housing market is characterized by rising home values, increasing rental rates, and new development projects that cater to diverse housing needs. Prospective buyers and renters should be prepared for a competitive market and may benefit from acting promptly when suitable opportunities arise.