Minneapolis Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $200,000
    0% ( $100 ) vs May 2013
  • Median Sales Price
    $195,000
    6% ( $10,841 ) vs May 2013
  • Median Foreclosure Sales Price
    $120,750
    1% ( $750 ) vs May 2013
  • Foreclosures 6,498
    Homes for Sale 1,501
    Recently Sold 11,316

Market Summary

There are currently 6,498 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 1,501.

In June, the number of properties that received a foreclosure filing in Minneapolis, MN was 7% lower than the previous month and 42% lower than the same time last year.

Home sales for May 2014 were up 48% compared with the previous month, and down 1% compared with a year ago. The median sales price of a non-distressed home was $195,000. The median sales price of a foreclosure home was $120,750, or 38% lower than non-distressed home sales.

Sales Prices - Minneapolis, MN




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$120,750 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $120,100 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $122,000 (Median Foreclosure Sales Price) $125,003 (Median Foreclosure Sales Price) $195,000 (Median Sales Price) $184,159 (Median Sales Price) $180,000 (Median Sales Price) $182,000 (Median Sales Price) $185,500 (Median Sales Price) $188,000 (Median Sales Price) $120,750 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $120,100 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $122,000 (Median Foreclosure Sales Price) $125,003 (Median Foreclosure Sales Price) $195,000 (Median Sales Price) $184,159 (Median Sales Price) $180,000 (Median Sales Price) $182,000 (Median Sales Price) $185,500 (Median Sales Price) $188,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Saint Paul
834
24.9
% (y-o-y)
$184,500
9.8
% (y-o-y)
25.6%
27.3
% (y-o-y)
Osseo
98
28.5
% (y-o-y)
$218,500
1.3
% (y-o-y)
16.8%
36.4
% (y-o-y)
Eden Prairie
91
21.6
% (y-o-y)
$276,000
6.8
% (y-o-y)
11.5%
15.5
% (y-o-y)
Burnsville
65
32.3
% (y-o-y)
$206,300
17.9
% (y-o-y)
36.0%
1.6
% (y-o-y)
Hopkins
61
9.0
% (y-o-y)
$215,000
5.4
% (y-o-y)
37.7%
30.3
% (y-o-y)
Andover
53
42.4
% (y-o-y)
$222,000
5.8
% (y-o-y)
25.8%
14.2
% (y-o-y)
Champlin
42
7.7
% (y-o-y)
$196,000
12.3
% (y-o-y)
14.9%
22.7
% (y-o-y)
Circle Pines
34
30.6
% (y-o-y)
$193,400
5.4
% (y-o-y)
Data not available
Minnetonka
33
8.3
% (y-o-y)
$305,000
7.8
% (y-o-y)
Data not available
Savage
33
29.8
% (y-o-y)
$234,900
0.8
% (y-o-y)
28.8%
28.8
% (y-o-y)

Local Info For Minneapolis

Population:
379,631
Cost of Living Index: 109.26
Crime Index: 250.26     Rating: D+ View crime details
Schools: 249    Average School Rating: C View individual school rating
Household Median Income: $46,075
Unemployment: 3.90%
Percentage of vacant homes: 8.83%