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 listing 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 a faster-paced market, evidenced by a median of 24 days on the market before a sale, a 7.69% decrease year-over-year. Such dynamics suggest that both buyers and sellers need to act promptly to capitalize on current opportunities.
On the rental front, the median rent in Coon Rapids is $2,125 per month, marking a 6.25% increase from the previous year. This uptick underscores a steady demand for rental properties, benefiting landlords and investors while posing challenges for renters seeking affordable options.
In terms of new developments, Knisley Homes has introduced “Pheasant Hollow,” an exclusive four-lot acreage development located on Osage Street NW. These lots offer city water and sewer services without the constraints of a homeowners association. Designed for one-level living with expansive views of nature, these homes are priced starting at $600,000, depending on lot selection and customization options.
Overall, the Coon Rapids housing market presents a dynamic landscape with rising home values, competitive sales, and new development opportunities. Prospective buyers, sellers, and renters should stay informed and consider engaging with local real estate professionals to navigate this evolving market effectively.