Phillips · Minneapolis, MN

Is Now a Good Time to Sell in Phillips, Minneapolis?

The median home in Phillips sells for $217,750 with prices down 16% year-over-year. Ridley's flat fee saves you $3,034.

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Phillips Real Estate Market Conditions

47out of 100

Ridley Sell Score

How it's scored →

Cooling

47/100

The market is shifting — strategic pricing and presentation matter more.

What this means for sellers

The Phillips market is cooling, and sellers need to be strategic. Buyers have more options and are negotiating harder. Invest in staging and professional photography to differentiate your listing. Flexibility on terms can make the difference in attracting serious buyers.

Inventory TightnessNeutral

4 months of supply — near the balanced threshold of 5 months. Minnesota average is 2.9.

Price MomentumFavors buyers

Prices down 15.92664093% year-over-year — vs. -0.8% statewide.

Seller LeverageNeutral

Homes selling at 97.54% of asking — buyers are negotiating 2.5% below list. Minnesota average is 98.4%.

Bidding ActivityNeutral

25% of homes selling above list price — 8% above the Minnesota average of 23.1%.

Sale SpeedNeutral

76.5 median days on market — 19 days slower than the Minnesota average.

Market UrgencyFavors buyers

16.67% of listings go pending within 2 weeks — vs. 33.1% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. Minnesota average is 27.3%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

$217,750

-16%

Days on Market

76.5

Price per Sq Ft

$154

Sale-to-List Ratio

97.54%

Homes Sold

20

Sold Above List

25%

Pending in 2 Weeks

16.67%

Source: public market records

Get AI-powered market intelligence

Personalized pricing signals, demand shifts, and Sell Score changes for Minneapolis — delivered monthly.

Your savings

How much can you save selling in Phillips?

$0Estimated savings

That could furnish your new living room — save 1.4% of your home value

$217,750

$50,000$10M

Traditional Agent (3%)

$6,533

Ridley Pro (flat fee)

$3,499

Ready to sell in Phillips?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

Cost to sell in Phillips

Traditional AgentBest valueRidley ProRidley Essentials
Listing fee$6,533$3,499$999
Buyer agent$6,0972.8% avg$4,355~2% avg$4,355~2% avg
Closing costs (~1.5%)$3,266$3,266$3,266
Total cost$15,896$11,120$8,620
You save$3,034$5,534

Based on the Phillips median home price of $217,750. Ridley buyer agent commission reflects the average ~2% BAC offered by Ridley sellers.

How to sell your house and save on commission in Phillips

A flat fee of $3,499 instead of the typical $6,533 commission — with a dedicated agent at every step.

1

AI + expert price your home

AI-powered comps reviewed by your dedicated agent — using Phillips market data so you list at the right price.

2

AI prepares your home

AI walk-through identifies what to fix, stage, and photograph. Your agent advises on what actually moves the needle.

3

Listed on MLS & 100+ sites

Professional listing syndicated to Zillow, Redfin, and everywhere Phillips buyers look — plus a custom Ridley listing page with AI chat.

4

Your agent negotiates

Offer comparison, counteroffer strategy, and all back-and-forth with buyers' agents — handled by your dedicated agent.

5

Close and keep $3,034 more

Contracts, disclosures, deadline tracking, and closing coordination — from accepted offer to keys.

FAQ

Common questions about selling in Phillips

Ready to sell in Phillips?

Save $3,034

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