Minneapolis Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $195,000
    2% ( $4,900 ) vs Nov 2013
  • Median Sales Price
    $203,000
    1% ( $3,000 ) vs Nov 2013
  • Median Foreclosure Sales Price
    $141,400
    1% ( $1,850 ) vs Nov 2013
  • Foreclosures 6,012
    Homes for Sale 897
    Recently Sold 11,074

Market Summary

There are currently 6,012 properties in Minneapolis, MN that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 897.

In December, the number of properties that received a foreclosure filing in Minneapolis, MN was 13% higher than the previous month and 7% higher than the same time last year.

Home sales for November 2014 were down 52% compared with the previous month, and down 38% compared with a year ago. The median sales price of a non-distressed home was $203,000. The median sales price of a foreclosure home was $141,400, or 30% lower than non-distressed home sales.

Sales Prices - Minneapolis, MN




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$141,400 (Median Foreclosure Sales Price) $143,250 (Median Foreclosure Sales Price) $136,000 (Median Foreclosure Sales Price) $130,950 (Median Foreclosure Sales Price) $126,000 (Median Foreclosure Sales Price) $125,100 (Median Foreclosure Sales Price) $203,000 (Median Sales Price) $206,000 (Median Sales Price) $206,000 (Median Sales Price) $205,000 (Median Sales Price) $205,000 (Median Sales Price) $203,000 (Median Sales Price) $141,400 (Median Foreclosure Sales Price) $143,250 (Median Foreclosure Sales Price) $136,000 (Median Foreclosure Sales Price) $130,950 (Median Foreclosure Sales Price) $126,000 (Median Foreclosure Sales Price) $125,100 (Median Foreclosure Sales Price) $203,000 (Median Sales Price) $206,000 (Median Sales Price) $206,000 (Median Sales Price) $205,000 (Median Sales Price) $205,000 (Median Sales Price) $203,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Saint Paul
337
62.4
% (y-o-y)
$185,000
0.5
% (y-o-y)
27.0%
30.4
% (y-o-y)
Burnsville
56
13.8
% (y-o-y)
$210,250
2.6
% (y-o-y)
18.0%
16.6
% (y-o-y)
Osseo
53
43.6
% (y-o-y)
$237,250
2.1
% (y-o-y)
51.3%
33.3
% (y-o-y)
Hopkins
46
20.7
% (y-o-y)
$212,950
6.0
% (y-o-y)
Data not available
Eden Prairie
40
55.6
% (y-o-y)
$292,000
6.2
% (y-o-y)
32.0%
43.6
% (y-o-y)
Andover
32
40.7
% (y-o-y)
$260,000
12.8
% (y-o-y)
37.0%
40.4
% (y-o-y)
Savage
22
40.5
% (y-o-y)
$243,900
6.3
% (y-o-y)
36.4%
24.4
% (y-o-y)
Champlin
21
44.7
% (y-o-y)
$192,400
1.3
% (y-o-y)
Data not available
Minnetonka
18
41.9
% (y-o-y)
$277,925
3.7
% (y-o-y)
Data not available
Wayzata
17
55.3
% (y-o-y)
$446,500
11.6
% (y-o-y)
Data not available

Local Info For Minneapolis

Population:
379,631
Cost of Living Index: 109.26
Crime Index: 168.75     Rating: C View crime details
Schools: 249    Average School Rating: C View individual school rating
Household Median Income: $46,075
Unemployment: 3.10%
Percentage of vacant homes: 8.83%