Reuben Freeman House · Photo: Original uploader was Appraiser at en.wikipedia · CC BY-SA 3.0399 homes sold in Inver Grove Heights in the last year, at a typical $389K
About one sale in 3 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 Inver Grove Heights homes are listed.
Every place Inver Grove Heights 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 Inver Grove Heights.
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 65% of Inver Grove Heights’ sales, at a typical $468K (year to May 2026)
399 homes sold in the year to September 2026.
typical sale · 248 sold in the year to May 2026
- Per square foot
- $207MN $191
- Days to sell
- 37
- Sold over asking
- 41%
- Listings with a price cut
- 26%
Townhouses: 126 sold, typical $268K
Condos: 8 sold, typical $196K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at 1.8 times the 2016 price
399 sales in the last year, against 558 in 2017 and a low of 375 in 2025. The typical sale went from $218K in 2016 to $389K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $400K buys in Inver Grove Heights
Check a listing against what Inver Grove Heights 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 Inver Grove Heights are back to pre-pandemic levels, with about as many homes for sale
We read every month of Inver Grove Heights’ 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 September 2026, 399 sales.
If you’re buying in Inver Grove Heights
- Shop in July. It brings about 53 new listings a month, close to the busiest month, with fewer bidding wars (43% over asking).
- Bid near asking. Buyers paid 99.6% of the list price on average; 36% paid over.
- You’ll usually have time. Only 39% of homes go under contract within two weeks; the typical one takes 38 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 62 a month), but June is the most competitive: 50% of June sales close over asking. July offers nearly as much choice with fewer homes bid up (43%). December has the least competition (32%) but only about 19 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than Minnesota
| Inver Grove Heights now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 36% | 40% | 64% | 29% |
| Gone within two weeksShare of homes under contract within 14 days | 39% | 52% | 65% | 40% |
| Price paid vs. askingAverage sale price ÷ list price | 99.6% | 100% | 102.8% | 99% |
| Days to sellMedian days from listing to contract | 38 | 27 | 15 | 38 |
81 homes for sale on a typical day
That’s 1.8 times the 2021 low (45), about the 2017–19 level and well under 2013’s 148.
Since 2019, houses are up 34%, condos 31%
A house typically sold for $468K in the year to May 2026 (248 sales), a condo for $196K (8).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Inver Grove Heights ranks 56th of 165 busy Minnesota markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Inver Grove Heights is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Inver Grove Heights home costs about $2,339 a month
Price: Inver Grove Heights’ typical sale, last 12 months. Property tax at Inver Grove Heights’ 1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Inver Grove Heights is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 19.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $389K home, about $3,710 a year.
Taxes vs. neighborsSchools
The schools grade for Inver Grove Heights, from test results, graduation and how much students grow.
Schools in Inver Grove HeightsTypical commute
The average one-way trip to work for people who live in Inver Grove Heights.
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.
South St. Paul and West St. Paul sell for less a square foot
The busier markets within 25 miles of Inver Grove Heights, 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 | |
|---|---|---|---|---|---|
| Eagan | 743 | $396K | $198 | 41% | 27 |
| Inver Grove Heights | 399 | $389K | $197 | 36% | 38 |
| West St. Paul | 255 | $340K | $191 | 37% | 29 |
| South St. Paul | 248 | $303K | $191 | 49% | 22 |
| Mendota Heights | 133 | $588K | $232 | 42% | 21 |
| St. Paul Park | 67 | $312K | $203 | 50% | 24 |
| Newport | 36 | $413K | $215 | 32% | 52 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Inver Grove Heights, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Inver Grove Heights. People who follow the town see it, and so do people comparing Inver Grove Heights with their own town. No commission, no listing fee.
Questions about buying a home in Inver Grove Heights
What do homes sell for in Inver Grove Heights, MN?
399 homes sold in the year to September 2026 at a typical $389K, $197 a square foot.
Is Inver Grove Heights a buyer’s or seller’s market?
A seller’s market: 109 homes were for sale in September 2026 and 40 sold, about 2.7 months of supply. Buyers paid 99.6% of asking on average.
When is the best time to buy in Inver Grove Heights?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Inver Grove Heights?
About 1% of a home’s value a year. On a $389K home that’s near $3,710.
Where can I see homes for sale in Inver Grove Heights?
Zillow, Redfin, Realtor.com and Homes.com all carry Inver Grove Heights’ MLS listings; the search links above open each one filtered to Inver Grove Heights.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). 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).