Minneapolis Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $180,000
    1% ( $2,100 ) vs Feb 2013
  • Median Sales Price
    $182,000
    2% ( $3,750 ) vs Feb 2013
  • Median Foreclosure Sales Price
    $125,000
    2% ( $3,000 ) vs Feb 2013
  • Foreclosures 6,700
    Homes for Sale 1,152
    Recently Sold 14,894

Market Summary

There are currently 6,700 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 1,152.

In March, the number of properties that received a foreclosure filing in Minneapolis, MN was 66% higher than the previous month and 33% lower than the same time last year.

Home sales for February 2014 were down 28% compared with the previous month, and down 7% compared with a year ago. The median sales price of a non-distressed home was $182,000. The median sales price of a foreclosure home was $125,000, or 31% lower than non-distressed home sales.

Sales Prices - Minneapolis, MN




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$125,000 (Median Foreclosure Sales Price) $122,000 (Median Foreclosure Sales Price) $125,003 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $128,309 (Median Foreclosure Sales Price) $128,000 (Median Foreclosure Sales Price) $182,000 (Median Sales Price) $185,750 (Median Sales Price) $188,000 (Median Sales Price) $196,000 (Median Sales Price) $200,000 (Median Sales Price) $202,853 (Median Sales Price) $125,000 (Median Foreclosure Sales Price) $122,000 (Median Foreclosure Sales Price) $125,003 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $128,309 (Median Foreclosure Sales Price) $128,000 (Median Foreclosure Sales Price) $182,000 (Median Sales Price) $185,750 (Median Sales Price) $188,000 (Median Sales Price) $196,000 (Median Sales Price) $200,000 (Median Sales Price) $202,853 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Saint Paul
507
29.6
% (y-o-y)
$180,000
12.5
% (y-o-y)
25.8%
13.6
% (y-o-y)
Burnsville
57
35.7
% (y-o-y)
$178,900
7.8
% (y-o-y)
5.0%
7.6
% (y-o-y)
Osseo
52
13.3
% (y-o-y)
$225,000
10.2
% (y-o-y)
30.0%
24.8
% (y-o-y)
Eden Prairie
49
0.0
% (y-o-y)
$290,000
20.5
% (y-o-y)
35.4%
33.4
% (y-o-y)
Hopkins
49
11.4
% (y-o-y)
$199,500
12.9
% (y-o-y)
14.8%
36.0
% (y-o-y)
Andover
37
0.0
% (y-o-y)
$220,000
2.1
% (y-o-y)
Data not available
Wayzata
20
16.7
% (y-o-y)
$416,779
12.5
% (y-o-y)
Data not available
Circle Pines
19
24.0
% (y-o-y)
$181,250
12.6
% (y-o-y)
44.7%
45.5
% (y-o-y)
Savage
18
33.3
% (y-o-y)
$226,200
9.0
% (y-o-y)
38.1%
12.3
% (y-o-y)
Champlin
17
22.7
% (y-o-y)
$185,500
15.4
% (y-o-y)
39.4%
7.6
% (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: 4.20%
Percentage of vacant homes: 8.83%