Market report, updated October 8, 2026

Reile's Acres Home Values and Market Report

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Report prepared by LakeMinnetonkaRealEstate.com

(952) 473-1000

Market at a glance

Over the last 12 months, homes sold for 99.7% of list price in 32 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $689K Sold · $684K

$710K$600K$490K$380K

OctNovDecJanFebMarAprMayJunJulAugSep

Homes sold per month

Closed sales, last 12 months.

0 O

1 N

0 D

0 J

0 F

0 M

0 A

0 M

0 J

1 J

0 A

0 S

Peak: 1 sale in Nov. Last month: 0.

Where the market stands

All homes in this report, by status.

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

6.0months of inventory

Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$719K

Sold$534K

Average days on market

Active69 days

Sold32 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale

Homes for sale 1

Average list price $719,079

Avg. days on market 69 days

Avg. price per ft² $327

Avg. living area 2,199 ft²

Avg. beds / baths 3.0 / 3.0

Price vs. living area

Each dot is a home. Hover a dot for its address.

$900K$600K$300K$0

0 ft²1,0002,0003,000 ft²

How long homes have been listed

Number of homes by days on market.

0 0–30 days

1 31–90

0 91–180

0 181–365

0 365+

Bedroom mix

Number of homes by bedroom count.

1 ≤3 bd

0 4 bd

0 5 bd

0 6 bd

0 7 bd

0 8+ bd

Highest price per ft²

Top 1 home in this status.

4834 42nd Avenue N$327

All active listings

Click a column to sort

Address	Beds	Baths	Living ft²	List price	$ / ft²	Days on market
4834 42nd Avenue NReile's Acres, ND 58102	3	3	2,199	$719,079	$327	69 days

Sold homes

Closed in the last 12 months

Homes sold 2

Average sold price $534,500

Avg. days to sell 32 days

Sold vs. list price 99.7%

Avg. price per ft² $215

Avg. living area 2,432 ft²

Price vs. living area

Each dot is a home. Hover a dot for its address.

$900K$600K$300K$0

0 ft²1,0002,0003,000 ft²

How long homes took to sell

Number of homes by days on market.

1 0–30 days

1 31–90

0 91–180

0 181–365

0 365+

Bedroom mix

Number of homes by bedroom count.

0 ≤3 bd

1 4 bd

0 5 bd

0 6 bd

0 7 bd

1 8+ bd

Highest price per ft²

Top 2 homes in this status.

3618 49th Street N$232

4540 Adams Drive N$199

Sold price vs. list price

How close homes sold to their asking price.

50% sold at or above asking

0 Under 95%

0 95–98%

1 98–100%

1 100–102%

0 Over 102%

All sold listings

Click a column to sort

Address	Beds	Baths	Living ft²	Sold price	Sold / list	$ / ft²	Days to sell
3618 49th Street NReile's Acres, ND 58102	8	4	2,938	$684,000	99.3%	$232	29 days
4540 Adams Drive NReile's Acres, ND 58102	4	2	1,926	$385,000	100.0%	$199	35 days

Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

LakeMinnetonkaRealEstate.com

Call (952) 473-1000

Next steps

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.