Allemarinda and James Wyer House · Photo: McGhiever · CC BY-SA 4.044 homes sold in Excelsior in the last year, at a typical $795K
About one sale in 4 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Excelsior homes are listed.
Every place Excelsior homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Excelsior.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 73% of Excelsior’s sales, at a typical $782K
44 homes sold in the year to May 2026.
typical sale · 32 sold in 12 months
- Per square foot
- $402MN $191
- Days to sell
- 38
- Sold over asking
- 9%
- Listings with a price cut
- 28%
Multi-family (2–4 units): 1 sold, typical $660K
Townhouses: 6 sold, typical $774K
Condos: 5 sold, typical $1M
Too few sales in 12 months for reliable figures.
More homes sell than most years, at 1.6 times the 2016 price
44 sales in the last year, against 58 in 2020 and a low of 24 in 2024. The typical sale went from $491K in 2016 to $795K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $800K buys in Excelsior
Check a listing against what Excelsior homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Excelsior are back to pre-pandemic levels, but a third fewer homes come up for sale
We read every month of Excelsior’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 44 sales.
If you’re buying in Excelsior
- Shop in March. It brings about 7 new listings a month, close to the busiest month, with fewer bidding wars (14% over asking).
- Some room to negotiate. 23% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 98.3% of the list price on average; 14% paid over.
- You’ll usually have time. Only 37% of homes go under contract within two weeks; the typical one takes 38 days.
Spring brings both the most homes and the most bidding wars
March has the most new listings (about 7 a month), but May is the most competitive: 31% of May sales close over asking. September has the least competition (10%) but only about 4 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Minnesota
| Excelsior now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 14% | 12% | 34% | 33% |
| Gone within two weeksShare of homes under contract within 14 days | 37% | 33% | 50% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | 23% | 26% | 28% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 98.3% | 96.7% | 99.1% | 99.2% |
| Days to sellMedian days from listing to contract | 38 | 84 | 28 | 35 |
9 homes for sale on a typical day
That’s 1.3 times the 2021 low (7), 36% fewer than in 2017–19 and well under 2020’s 19.
1 in 4 listings has cut its price
23% in the last year, against 26% in 2017–19 and 28% across Minnesota.
Since 2019, houses are up 40%, condos 51%
A house typically sold for $782K in the last year (32 sales), a condo for $1M (5).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Five things worth knowing
New listings in March
The month with the most choice. December has the fewest, about 1.
Best time to buySchools
The schools grade for Excelsior, from test results, graduation and how much students grow.
Schools in ExcelsiorTypical commute
The average one-way trip to work for people who live in Excelsior.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Tonka Bay, Shorewood, Deephaven, Chanhassen, Orono and Mound sell for less a square foot
The busier markets within 25 miles of Excelsior, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Chanhassen | 378 | $571K | $219 | 37% | 26 |
| Mound | 177 | $402K | $242 | 28% | 38 |
| Orono | 135 | $1.2M | $351 | 16% | 60 |
| Shorewood | 122 | $913K | $284 | 25% | 54 |
| Deephaven | 53 | $1.2M | $336 | 8% | 40 |
| Excelsior | 44 | $795K | $442 | 14% | 38 |
| Tonka Bay | 30 | $1.1M | $426 | 27% | 20 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Excelsior, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Excelsior. People who follow the town see it, and so do people comparing Excelsior with their own town. No commission, no listing fee.
Questions about buying a home in Excelsior
What do homes sell for in Excelsior, MN?
44 homes sold in the year to May 2026 at a typical $795K, $442 a square foot.
Is Excelsior a buyer’s or seller’s market?
A seller’s market: 8 homes were for sale in May 2026 and 5 sold, about 1.6 months of supply. Buyers paid 98.3% of asking on average, and 23% of listings cut their price.
When is the best time to buy in Excelsior?
March brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Excelsior?
Zillow, Redfin, Realtor.com and Homes.com all carry Excelsior’s MLS listings; the search links above open each one filtered to Excelsior.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).