Minneapolis Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $199,900
    2% ( $5,100 ) vs Sep 2013
  • Median Sales Price
    $206,000
    0% ( $1,000 ) vs Sep 2013
  • Median Foreclosure Sales Price
    $136,000
    4% ( $5,050 ) vs Sep 2013
  • Foreclosures 6,014
    Homes for Sale 542
    Recently Sold 13,039

Market Summary

There are currently 6,014 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 542.

In October, the number of properties that received a foreclosure filing in Minneapolis, MN was 7% lower than the previous month and 32% lower than the same time last year.

Home sales for September 2014 were up 7% compared with the previous month, and up 5% compared with a year ago. The median sales price of a non-distressed home was $206,000. The median sales price of a foreclosure home was $136,000, or 34% lower than non-distressed home sales.

Sales Prices - Minneapolis, MN




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$136,000 (Median Foreclosure Sales Price) $130,950 (Median Foreclosure Sales Price) $126,000 (Median Foreclosure Sales Price) $125,100 (Median Foreclosure Sales Price) $120,750 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $206,000 (Median Sales Price) $205,000 (Median Sales Price) $205,000 (Median Sales Price) $203,000 (Median Sales Price) $195,000 (Median Sales Price) $184,080 (Median Sales Price) $136,000 (Median Foreclosure Sales Price) $130,950 (Median Foreclosure Sales Price) $126,000 (Median Foreclosure Sales Price) $125,100 (Median Foreclosure Sales Price) $120,750 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $206,000 (Median Sales Price) $205,000 (Median Sales Price) $205,000 (Median Sales Price) $203,000 (Median Sales Price) $195,000 (Median Sales Price) $184,080 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Saint Paul
876
31.1
% (y-o-y)
$195,000
3.2
% (y-o-y)
34.5%
30.5
% (y-o-y)
Osseo
127
14.2
% (y-o-y)
$239,950
7.5
% (y-o-y)
22.9%
25.9
% (y-o-y)
Eden Prairie
111
28.4
% (y-o-y)
$274,000
4.4
% (y-o-y)
0.8%
36.0
% (y-o-y)
Burnsville
73
36.0
% (y-o-y)
$215,000
7.5
% (y-o-y)
11.6%
25.7
% (y-o-y)
Hopkins
67
27.2
% (y-o-y)
$210,000
1.3
% (y-o-y)
20.1%
49.0
% (y-o-y)
Andover
65
0.0
% (y-o-y)
$237,900
0.5
% (y-o-y)
14.3%
33.1
% (y-o-y)
Savage
45
4.3
% (y-o-y)
$268,000
7.4
% (y-o-y)
27.6%
26.9
% (y-o-y)
Shoreview
44
29.0
% (y-o-y)
$226,500
0.0
% (y-o-y)
Data not available
Wayzata
42
44.8
% (y-o-y)
$455,000
3.3
% (y-o-y)
Data not available
Circle Pines
32
14.3
% (y-o-y)
$202,126
5.6
% (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: 3.90%
Percentage of vacant homes: 8.83%