If your current home feels like more work than you want, you are not alone. Many Edina homeowners reach a point where yard work, stairs, extra rooms, and ongoing upkeep no longer match how they want to live day to day. The good news is that downsizing does not have to mean giving up comfort, convenience, or location. With the right plan, a condo or townhome can simplify your lifestyle while keeping you close to the places you already enjoy. Let’s dive in.
Why downsizing in Edina stands out
Edina continues to attract buyers who want a well-located home with strong everyday convenience. In March 2026, the median sale price in Edina was $574,000, homes were selling in about 28 days, and the market was described by Redfin as somewhat competitive, according to the latest Edina housing market data.
For downsizers, that creates an interesting setup. Your current home may still have meaningful value, but your next-step options can be more limited because condo and townhome inventory is not especially deep. Redfin currently shows 27 condos for sale in Edina at a median listing price of $177,000 and 1 townhouse for sale at a median listing price of $447,000, which means planning ahead matters.
Condos vs townhomes in Edina
Choosing between a condo and a townhome often comes down to how much space, privacy, and maintenance relief you want. Both can work well for rightsizing, but they usually serve different priorities.
When a condo may fit best
A condo can make sense if you want one-level living, building amenities, and less responsibility for exterior upkeep. In several current Edina listings, features like elevator access, professional management, and walkability stand out, especially in areas near Centennial Lakes, Edinborough, Parklawn, Southdale, and the Galleria.
Many condo owners also like the lock-and-leave convenience. If you travel often, want fewer household tasks, or simply prefer having shared amenities instead of maintaining them yourself, a condo may feel like the easier next chapter.
When a townhome may fit best
A townhome can be a better choice if you want more square footage or a layout that feels closer to a single-family home. In Edina, side-by-side and detached-townhome options can offer more separation, attached garages, and a little more breathing room while still reducing maintenance.
This option often appeals to homeowners who are ready to simplify, but not ready to give up storage, guest space, or a more traditional residential feel. It can be a useful middle ground between a larger house and a more compact condo.
Where Edina downsizers often look
Edina offers a few distinct areas and property types that tend to come up in downsizing searches. Each has a different feel, price point, and amenity mix.
Centennial Lakes and Parklawn condos
In the Centennial Lakes, Edinborough, and Parklawn area, current listings often highlight one-level living, elevator access, and easy access to Centennial Lakes Park, the Edina Promenade, Southdale, and the Galleria. A current Parklawn area condo example shows how amenity-rich some Edina buildings can be, with features such as a party room, fitness center, sauna, outdoor patio, and renovated pool.
HOA dues in recent examples in this area range from about $474 to $717 per month. Depending on the building, those dues may include heat, cable, internet, water and sewer, snow removal, professional management, and even Edinborough Park membership with an indoor pool, exercise facilities, and walking track.
Galleria-area luxury condos
If you want a higher-service lifestyle, the Westin Edina Galleria and Galleria Residences represent the upper end of the Edina condo market. Current listings in these buildings highlight concierge-style living, fitness access, in-room dining, and direct Galleria access.
That convenience comes at a higher monthly cost. A current Westin Edina Galleria listing notes HOA fees ranging from about $830 to $1,492 per month, with coverage that can include AC, heat, internet, parking, professional management, and shared amenities.
Coventry and similar townhome communities
For buyers who want more space without returning to full single-family maintenance, communities like Coventry at Centennial Lakes can be appealing. Current examples show HOA fees from about $448 to $893 per month, often covering structure and grounds maintenance, lawn care, snow removal, trash, water, cable, security, and professional management.
That setup can be attractive if your goal is to shed outdoor work while keeping a more spacious footprint. It is often a practical option for homeowners who still want room for guests, hobbies, or frequent family visits.
Detached-townhome options
Edina also has detached-townhome examples that blend the ease of association living with the scale of a house. A current Hawthorne Place example describes that balance well and carries a $395 monthly HOA.
At the lower end, the research also points to a smaller Barrie Road townhome example with dues around $308 per month. This is a good reminder that lower HOA fees usually mean fewer included amenities or services, not necessarily a better overall fit.
What HOA fees really mean
One of the biggest questions downsizers ask is simple: Are the monthly dues worth it? In Edina, current examples show condo dues running from the mid-$400s to roughly $1,500 per month, while townhome dues range from the low $300s to about $900.
The real issue is not the fee by itself. The better question is what that fee replaces in your life. In some communities, dues may mainly cover exterior maintenance, snow removal, water, and management. In others, they may also cover elevators, pools, saunas, tennis courts, guest suites, security staff, concierge services, and hotel-style benefits.
If you are comparing options, make a simple list of what you spend today in money, time, and effort. Yard service, snow removal, exterior maintenance, insurance differences, utilities, and the hassle of coordinating repairs all matter. Sometimes a higher HOA fee buys back enough time and simplicity to make the move worthwhile.
How to review an association carefully
Before you buy, you will want to understand the association beyond the monthly dues. The National Association of Realtors notes that condo and townhome buyers can use the contract to set aside time to review HOA documents and financials before proceeding, as explained in its consumer guide to real estate contract contingencies.
As you review documents, focus on a few practical questions:
- What exactly do the dues cover?
- Are there limits on pets, rentals, or remodel work?
- How are reserves and building maintenance handled?
- Have there been recent assessments or major projects?
- What rules could affect your day-to-day lifestyle?
A condo or townhome can simplify ownership, but only if the association is a good fit for your goals and comfort level.
Timing your sale and purchase
For many downsizers, the biggest challenge is not choosing the property type. It is coordinating the sale of the current home with the purchase of the next one.
The Consumer Financial Protection Bureau says that if you want to move, you normally try to sell your current home before buying another one. It also notes that purchase offers should typically include financing and inspection contingencies, and that closing costs are usually 2% to 5% of the purchase price, not including your down payment.
If your timing is tight, the contract structure matters. NAR notes that buyers and sellers may use tools such as:
- Home-sale contingencies
- Home-close contingencies
- Continue-to-show language
- Kick-out clauses
- Rent-back clauses
These options can create flexibility, but they should be tailored to your situation. NAR also notes that if a seller stays in the home after closing, the arrangement should be in writing, insurance coverage should be verified, and lender approval may be needed. Many lenders will not accept leasebacks longer than 60 days.
If you need to buy before your current home sells, the CFPB says a temporary bridge loan of 12 months or less may be one financing option for purchasing the new home while planning to sell the old one within 12 months.
Preparing your current home to sell
A smoother downsizing move often starts with getting your current home market-ready before you begin shopping seriously. That can strengthen your negotiating position and make your timeline easier to manage.
According to the 2023 NAR staging survey, common seller prep steps include decluttering, whole-home cleaning, removing pets during showings, and making minor repairs. The rooms most often staged were living rooms, kitchens, primary bedrooms, and dining rooms.
The same survey reported a median spend of $600 when sellers used a staging service. It also found that 20% of agents saw staged homes receive buyer offers that were 1% to 5% higher, while 27% saw a slight reduction in time on market.
If your home needs updates before listing, Evergreen can also discuss concierge and staging options through Compass. The research provided notes that Compass Concierge can front the cost of services such as staging, painting, and flooring with no upfront payment, no interest, and no hidden fees, which can be helpful when you want to prepare your home for market without paying for every improvement out of pocket.
A practical downsizing checklist
If you are starting to think seriously about a move, focus on these steps first:
- Define your why: Decide whether you want lower maintenance, one-level living, better walkability, more travel freedom, or a simpler monthly routine.
- Set your budget: Include not just price, but HOA dues, closing costs, moving costs, and any updates needed before selling.
- Compare property types: Weigh condo convenience against townhome space and privacy.
- Review HOA coverage: Look at what the monthly fee actually replaces.
- Plan your timing: Decide whether you will sell first, buy first, or need a contingency strategy.
- Prepare your current home: Declutter, repair, clean, and consider staging before listing.
The earlier you start, the more options you usually have.
The right move is personal
Downsizing in Edina is not about settling for less. It is about choosing a home that better fits how you want to live now. For some homeowners, that means an elevator building near Centennial Lakes. For others, it means a spacious townhome with less exterior maintenance and enough room for guests.
The best decision usually comes from balancing three things: your lifestyle, your budget, and your timing. When you look at all three together, it becomes much easier to see whether a condo or townhome is the smarter next step.
If you are weighing your options, Evergreen Realty Group can help you evaluate your current home value, compare Edina condos and townhomes, and build a move plan that feels clear and manageable.
FAQs
What are typical HOA fees for condos in Edina?
- Current examples in the research show Edina condo dues ranging from the mid-$400s to about $1,500 per month, depending on the building and the services included.
What are typical HOA fees for townhomes in Edina?
- Current Edina townhome examples in the research range from the low $300s to about $900 per month, with dues generally increasing as associations cover more maintenance and amenities.
What Edina areas are popular for downsizing into condos?
- The research highlights Centennial Lakes, Edinborough, Parklawn, and the Galleria area as places where condo listings often feature one-level living, elevator access, and convenient access to shopping, parks, and daily services.
What should you review before buying an Edina condo or townhome?
- You should review the HOA documents, financials, monthly dues, rules, reserve funding, and any recent or planned building projects during your contract review period.
How do you time selling your current home and buying your next Edina property?
- Many homeowners try to sell first, but depending on timing, options can include home-sale contingencies, home-close contingencies, rent-back arrangements, or in some cases a short-term bridge loan.
How can you prepare your current Edina home for a downsizing move?
- A strong starting point is decluttering, deep cleaning, making minor repairs, and considering staging for key rooms before listing your home for sale.
