Minneapolis Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $189,000
    0% ( $900 ) vs Jan 2014
  • Median Sales Price
    $197,000
    1% ( $2,000 ) vs Jan 2014
  • Median Foreclosure Sales Price
    $120,001
    11% ( $14,515 ) vs Jan 2014
  • Foreclosures 6,349
    Homes for Sale 1,194
    Recently Sold 8,570

Market Summary

There are currently 6,349 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 1,194.

In February, the number of properties that received a foreclosure filing in Minneapolis, MN was 36% lower than the previous month and 11% lower than the same time last year.

Home sales for January 2015 were down 42% compared with the previous month, and down 27% 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 $120,001, or 39% lower than non-distressed home sales.

Sales Prices - Minneapolis, MN




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$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) $130,950 (Median Foreclosure 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) $205,000 (Median 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) $130,950 (Median Foreclosure 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) $205,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Saint Paul
502
27.7
% (y-o-y)
$179,900
0.1
% (y-o-y)
27.9%
27.8
% (y-o-y)
Eden Prairie
52
10.3
% (y-o-y)
$287,075
4.4
% (y-o-y)
Data not available
Osseo
44
34.3
% (y-o-y)
$219,000
5.4
% (y-o-y)
53.5%
30.1
% (y-o-y)
Andover
42
4.5
% (y-o-y)
$247,000
9.8
% (y-o-y)
39.8%
11.1
% (y-o-y)
Burnsville
36
48.6
% (y-o-y)
$209,500
11.1
% (y-o-y)
8.9%
7.9
% (y-o-y)
Hopkins
27
52.6
% (y-o-y)
$225,000
5.1
% (y-o-y)
53.6%
29.9
% (y-o-y)
Circle Pines
26
13.3
% (y-o-y)
$180,000
6.0
% (y-o-y)
Data not available
Savage
22
12.0
% (y-o-y)
$269,900
17.3
% (y-o-y)
Data not available
Champlin
22
8.3
% (y-o-y)
$188,900
4.6
% (y-o-y)
15.7%
47.0
% (y-o-y)
Shoreview
14
26.3
% (y-o-y)
$230,000
2.9
% (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%