Minneapolis Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $208,900
    4% ( $8,900 ) vs Jun 2013
  • Median Sales Price
    $204,000
    5% ( $9,000 ) vs Jun 2013
  • Median Foreclosure Sales Price
    $125,100
    4% ( $4,350 ) vs Jun 2013
  • Foreclosures 6,267
    Homes for Sale 1,508
    Recently Sold 11,313

Market Summary

There are currently 6,267 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 1,508.

In July, the number of properties that received a foreclosure filing in Minneapolis, MN was 15% higher than the previous month and 13% lower than the same time last year.

Home sales for June 2014 were down 30% compared with the previous month, and down 39% compared with a year ago. The median sales price of a non-distressed home was $204,000. The median sales price of a foreclosure home was $125,100, or 39% lower than non-distressed home sales.

Sales Prices - Minneapolis, MN




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$125,100 (Median Foreclosure 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) $204,000 (Median 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) $125,100 (Median Foreclosure 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) $204,000 (Median 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)
Interested in more detailed data or historic trends back to 2005?
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Saint Paul
748
43.2
% (y-o-y)
$190,000
7.8
% (y-o-y)
30.8%
30.1
% (y-o-y)
Eden Prairie
100
23.1
% (y-o-y)
$283,000
6.0
% (y-o-y)
49.5%
18.2
% (y-o-y)
Osseo
84
48.8
% (y-o-y)
$230,000
2.6
% (y-o-y)
22.4%
33.2
% (y-o-y)
Burnsville
61
32.2
% (y-o-y)
$203,000
12.8
% (y-o-y)
42.1%
11.1
% (y-o-y)
Hopkins
43
51.7
% (y-o-y)
$218,250
3.4
% (y-o-y)
35.8%
14.1
% (y-o-y)
Wayzata
38
35.7
% (y-o-y)
$470,000
7.6
% (y-o-y)
68.1%
59.7
% (y-o-y)
Savage
37
21.3
% (y-o-y)
$235,000
4.4
% (y-o-y)
30.1%
22.6
% (y-o-y)
Shoreview
26
50.9
% (y-o-y)
$217,000
1.7
% (y-o-y)
Data not available
Champlin
25
34.2
% (y-o-y)
$201,950
16.1
% (y-o-y)
27.7%
22.4
% (y-o-y)
Minnetonka
20
58.3
% (y-o-y)
$307,250
7.3
% (y-o-y)
Data not available

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: 4.70%
Percentage of vacant homes: 8.83%