Hennepin County, MN Home Values & Market Trends

The median home price in Hennepin County, MN is $361,690.17. There were 19,655 home sales in Hennepin County, MN over the past 12 months. The median residential Hennepin County, MN home value for transactions over the previous year is $335,836.082. The number of current listings in Hennepin County, MN is 1,803, and the percentage of properties for sale is 1803.00%. The county has 451 foreclosures, 70 bank owned properties, 381 headed for auction, and 1,803 properties for sale.

Hennepin County, MN Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Minneapolis

$ 306,871

$ 201/sqft

Long Lake

$ 943,125

$ 268/sqft

Saint Paul

$ 261,807

$ 190/sqft

Rogers

$ 453,369

$ 176/sqft

Maple Grove

$ 399,805

$ 181/sqft

Hopkins

$ 287,825

$ 191/sqft

Eden Prairie

$ 415,000

$ 197/sqft

Maple Plain

$ 862,450

$ 245/sqft

Minnetonka

$ 489,161

$ 213/sqft

Dayton

$ 477,701

$ 188/sqft

Wayzata

$ 933,807

$ 317/sqft

Osseo

$ 365,000

$ 163/sqft

Mound

$ 435,000

$ 215/sqft

Loretto

$ 521,608

$ 165/sqft

Champlin

$ 386,125

$ 182/sqft

Spring Park

$ 655,418

$ 366/sqft

Excelsior

$ 911,900

$ 271/sqft

Saint Bonifacius

$ --

$ --

Hamel

$ 690,975

$ 206/sqft

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Housing Market Summary for Hennepin County, MN

Apr 2023March 2024Change
Median Listing Price$385.4K$355.3K-7.80%
Median Sold Price$365.7K$355.3K-2.85%
Homes For Sale1,6061,6392.05%
Homes Sold10,43010,014-3.99%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Hennepin County, MN

Hennepin County, MN home values range from $20,333 to $33,359,064. Wayzata is the priciest city with a median listing home price of $1,222,500, and Saint Paul is most affordable with average house prices of around $265,000.

Foreclosure
There are 19 cities within Hennepin County, MN; within these cities, the median estimated home value for homes in foreclosure ranges from $2,562,840 in Minneapolis to the lowest value of $43,000 in Minneapolis. Foreclosure homes account for 0.00% of properties in Hennepin County, MN with Minneapolis containing 243 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Hennepin County, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 19 cities within Hennepin County, MN; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Hennepin County, MN ranges from the highest value of $481,824 in Excelsior to the lowest value of $89,683 in Minneapolis. Bank owned homes and properties account for 0.02% of properties in Hennepin County, MN. There are 19 cities within Hennepin County, MN; Minneapolis containing 32 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Minneapolis has 211 auction properties, the highest number of properties going to auction in a single city in the state of Hennepin County, MN. Auction homes and other auction properties account for 0.10% of all properties in Hennepin County, MN. There are 19 cities within Hennepin County, MN; of those cities, the median estimated home value for homes going to auction ranges from $1,195,966 in Excelsior to the lowest value of $43,000 in Excelsior.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.49% of residential properties in Hennepin County, MN with Minneapolis containing 746 homes for sale, the highest number of listed properties in a single city. There are 19 cities within Hennepin County, MN; homes for sale in those cities, have a range of median values from $748,900 in Spring Park to the lowest value of $24,890 in Saint Paul.
    Sold Homes
    The median value for recently sold homes ranges from $703,463 in Saint Bonifacius to the lowest price of $20,333 in Saint Bonifacius. There are 19 cities within Hennepin County, MN. Minneapolis has 3982 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.92% of properties in Hennepin County, MN.

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      Guide for Hennepin County, MN

      Market Reports
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports
      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      Market Reports
      Property Values and Sales on the Rise in Savannah, Georgia – April 2024
      See More Articles
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports|posted 26 March 2024

      Overview of the real estate trends in Saint Paul over the past year, analyzing various aspects like sale prices, property values, market activity, and market dynamics on a monthly basis, discussing influences such as economic conditions, interest rates, seasonal changes, and local employment levels.

      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Market Reports|posted 14 March 2024

      The article provides a comprehensive analysis of real estate market trends in Minneapolis and its surrounding cities, highlighting various shifts in property values and sales. The observations reflect a diverse and dynamic market catering to varying buyer preferences and budgets.

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Property Values and Sales on the Rise in Savannah, Georgia – April 2024
      Market Reports|posted 17 April 2024

      Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.