Minneapolis Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $199,900
    6% ( $10,450 ) vs Feb 2014
  • Median Sales Price
    $197,000
    0% ( $0 ) vs Feb 2014
  • Median Foreclosure Sales Price
    $124,750
    4% ( $4,750 ) vs Feb 2014
  • Foreclosures 5,635
    Homes for Sale 1,223
    Recently Sold 8,274

Market Summary

There are currently 5,635 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 1,223.

In March, the number of properties that received a foreclosure filing in Minneapolis, MN was 66% higher than the previous month and 11% lower than the same time last year.

Home sales for February 2015 were down 18% compared with the previous month, and down 17% compared with a year ago. The median sales price of a non-distressed home was $197,000. The median sales price of a foreclosure home was $124,750, or 37% lower than non-distressed home sales.

Sales Prices - Minneapolis, MN




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$124,750 (Median Foreclosure Sales Price) $120,001 (Median Foreclosure Sales Price) $134,515 (Median Foreclosure Sales Price) $141,400 (Median Foreclosure Sales Price) $143,250 (Median Foreclosure Sales Price) $136,000 (Median Foreclosure Sales Price) $197,000 (Median Sales Price) $197,000 (Median Sales Price) $199,000 (Median Sales Price) $201,912 (Median Sales Price) $206,000 (Median Sales Price) $206,000 (Median Sales Price) $124,750 (Median Foreclosure Sales Price) $120,001 (Median Foreclosure Sales Price) $134,515 (Median Foreclosure Sales Price) $141,400 (Median Foreclosure Sales Price) $143,250 (Median Foreclosure Sales Price) $136,000 (Median Foreclosure Sales Price) $197,000 (Median Sales Price) $197,000 (Median Sales Price) $199,000 (Median Sales Price) $201,912 (Median Sales Price) $206,000 (Median Sales Price) $206,000 (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
401
22.7
% (y-o-y)
$179,900
0.1
% (y-o-y)
29.0%
25.8
% (y-o-y)
Osseo
52
0.0
% (y-o-y)
$225,000
0.0
% (y-o-y)
30.1%
30.0
% (y-o-y)
Eden Prairie
44
10.2
% (y-o-y)
$278,500
4.0
% (y-o-y)
Data not available
Hopkins
35
28.6
% (y-o-y)
$225,000
12.8
% (y-o-y)
37.0%
14.8
% (y-o-y)
Burnsville
26
54.4
% (y-o-y)
$217,576
21.6
% (y-o-y)
25.2%
5.0
% (y-o-y)
Andover
18
52.6
% (y-o-y)
$229,450
3.8
% (y-o-y)
11.5%
24.8
% (y-o-y)
Champlin
15
11.8
% (y-o-y)
$186,000
0.3
% (y-o-y)
27.3%
39.4
% (y-o-y)
Savage
15
16.7
% (y-o-y)
$267,450
18.2
% (y-o-y)
Data not available
Shoreview
14
17.6
% (y-o-y)
$221,000
2.4
% (y-o-y)
Data not available
Wayzata
14
30.0
% (y-o-y)
$475,000
14.0
% (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: 3.80%
Percentage of vacant homes: 8.83%