Real Estate Market Update for Minneapolis, MN
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Welcome to September's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was down 4% from one year earlier, and did not change from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 210-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold did not change ... reflecting virtually no change in the local inventory-turnover rate. The median sale price was just under 210-thousand dollars. The number of units sold decreased 5% year-over-year, and held steady month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Minneapolis, MN
Area Information for Minneapolis, MN
  • Population: 389,314
  • Median Age: 31.35 yr
  • Median Commute Time: 19.6 mins
  • Educational Climate*: 4
  • Sales Tax: 7.775%
  • Population Density: 7,213/sq mi
  • Population Change Since 2000: 1.75%
  • Closest Airport: Minneapolis-st Paul International/wold-chamberlain
  • Closest College: St Marys Univ Minnesota-minneapolis Cmps
  • Closest Jr. College: Minneapolis Community And Tech College
  • Median Household Income: $47,006
  • Annual Residential Turnover: 24.07%
  • Median Years in Residence: 2.93 yr
  • Median Home Sales Price: $161,279
  • Closest Major Sports Team: Twins
  • Change Avg. Household Income Since 2000: 23%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Minneapolis, MN
Median Age: 31.35 Married: 21% Number of Households: 164,478 Households with Children: 38,558
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Minneapolis, MN

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Gleason Lake Elementary School 2.6 mi Public PRESCHOOL-5 5 4
      Oakwood Elementary School 2.9 mi Public K-5 4-5 5
      Greenwood Elementary School 3.5 mi Public K-5 5 5
      Kimberly Lane Elementary School 4.2 mi Public K-5 5 4
      Plymouth Creek Elementary School 4.7 mi Public K-5 5 5
      Sunset Hill Elementary School 5.4 mi Public K-5 5 5
      Wayzata East Middle School 6.1 mi Public 6-8 5 4
      Robbinsdale Armstrong Senior High School 7.1 mi Public 9-12 2-5 4
      French Academy 8.0 mi Private PRESCHOOL-5 0 5
      The Whole Learning School 8.0 mi Private 3-12 0 5
      Robbinsdale Spanish Immersion Elementary School 8.2 mi Public K-5 4 5
      Good Shepherd School 9.2 mi Catholic K-6 0 5
      Lionsgate Academy 9.2 mi Public 7-12 1 5
      Peter Hobart Elementary School 9.7 mi Public K-5 2-5 5
      King Of Grace Lutheran School 9.8 mi Private PRESCHOOL-8 0 5
      Forest Elementary School 9.9 mi Public K-5 2 5
      Metropolitan Open School 9.9 mi Private K-8 0 5
      St. Raphael School 10.1 mi Catholic PRESCHOOL-8 0 5
      Holy Family Academy 10.2 mi Catholic PRESCHOOL-8 0 4
      Prairie Seeds Academy 10.4 mi Public K-12 0 4
      Maranatha Christian Academy 10.6 mi Private PRESCHOOL-12 0 5
      Creek Valley Elementary School 10.8 mi Public K-5 5 5
      Highlands Elementary School 10.8 mi Public K-5 5 5
      Heilicher Minneapolis Jewish Day School 10.9 mi Private K-8 0 5
      Countryside Elementary School 11.0 mi Public K-5 4-5 5
      Sacred Heart Catholic School 11.0 mi Catholic PRESCHOOL-8 0 4
      Torah Academy 11.1 mi Private PRESCHOOL-8 0 5
      Susan Lindgren Elementary School 11.2 mi Public K-5 3 5
      North Vista Alc 11.3 mi Public 7-12 0 4
      Edina Senior High School 11.4 mi Public 10-12 5 5
      Valley View Middle School 11.4 mi Public 6-9 5 5
      Calvin Christian School - Edina 11.6 mi Private K-8 0 5
      Golden Years Montessori 11.6 mi Private PRESCHOOL-1 0 5
      Bryn Mawr Elementary School 11.8 mi Public PRESCHOOL-5 0 5
      Normandale Elementary School 11.8 mi Public K-5 4-5 5
      Concord Elementary School 12.0 mi Public K-5 5 5
      St. Vincent De Paul School 12.2 mi Catholic K-8 0 5
      Kenwood Elementary School 12.2 mi Public K-5 3 5
      Loring Elementary School 12.3 mi Public K-5 1 5
      St. Peter's Lutheran School 12.4 mi Private PRESCHOOL-5 0 4
      Carondelet Catholic School 12.6 mi Catholic K-8 0 5
      Ascension Elementary School 12.9 mi Catholic K-8 0 4
      Cornelia Elementary School 13.2 mi Public K-5 4-5 4
      Palmer Lake Elementary School 13.2 mi Public K-6 1 4
      Armatage Elementary School 13.3 mi Public PRESCHOOL-5 4 5
      Burroughs Elementary School 13.5 mi Public K-5 4-5 5
      Jenny Lind Elementary School 13.5 mi Public PRESCHOOL-5 0 5
      Lyndale Elementary School 13.6 mi Public PRESCHOOL-5 1 4
      City Of Lakes Waldorf School 13.7 mi Private PRESCHOOL-8 0 5
      Kenny Elementary School 14.1 mi Public K-5 3 5
      Pilgrim Lutheran School 14.1 mi Private PRESCHOOL-8 0 5
      Annunciation School 14.3 mi Catholic PRESCHOOL-8 0 5
      Ridgeview Elementary School 14.3 mi Public K-5 4-5 5
      Delasalle High School 14.3 mi Catholic 9-12 0 4
      Pope John Paul Ii Catholic School 14.4 mi Catholic K-8 0 4
      Hope Academy 14.4 mi Private K-12 0 5
      Southside Family Charter School 14.6 mi Public K-8 2-5 4
      Woodland Elementary School 14.6 mi Public PRESCHOOL-6 2-5 5
      Bloomington Lutheran School 14.7 mi Private PRESCHOOL-8 0 5
      Normandale Hills Elementary School 14.8 mi Public K-5 4 5
      Washburn Elementary School 14.9 mi Public PRESCHOOL-5 2 5
      Cedar Riverside Community School 15.0 mi Public K-8 1 5
      Stevenson Elementary School 15.2 mi Public K-4 2 4
      Immaculate Conception School 15.4 mi Catholic PRESCHOOL-8 0 4
      Yinghua Academy 15.5 mi Public K-8 4-5 5
      Ramalynn Montessori Academy 15.5 mi Private PRESCHOOL-8 0 4
      Global Academy 15.5 mi Public K-8 3 5
      Olson Elementary School 15.7 mi Public K-5 3-5 4
      Metro Schools College Prep 15.8 mi Public 9-12 0 5
      Fridley Moore Lake Alternative School 15.9 mi Public 9-12 0 0
      Waite Park Elementary School 15.9 mi Public PRESCHOOL-5 1 5
      Jefferson Senior High School 15.9 mi Public 9-12 4-5 4
      Seward Elementary School 16.0 mi Public K-8 2-5 5
      Mississippi Elementary School 16.1 mi Public PRESCHOOL-5 2-5 0
      St Charles Borromeo School 16.2 mi Catholic PRESCHOOL-8 0 5
      Minnesota Online High School 16.2 mi Public 9-12 2 5
      Adams Elementary School 16.4 mi Public K-5 3 4
      Southwood School 16.5 mi Public PRESCHOOL-PRESCHOOL 0 5
      Lk Nokomis Community-wenonah Campus 16.6 mi Public K-2 2 5
      Northrop Elementary School 16.6 mi Public K-5 2-5 5
      St Helena School 16.7 mi Catholic K-8 0 5
      Calvin Christian High School 16.7 mi Private 9-12 0 4
      Crossroads-north Campus 16.7 mi Public 9-12 0 3
      Totino-grace High School 16.7 mi Catholic 9-12 0 5
      Lk Nokomis Community-keewaydin Campus 16.8 mi Public 4-6 2 5
      Crossroads Altn High School 16.9 mi Public 9-12 1 5
      St. Anthony Village Senior High School 16.9 mi Public 9-12 4-5 5
      Epiphany School 17.2 mi Catholic K-8 0 4
      Wilshire Park Elementary School 17.3 mi Public K-5 4-5 5
      Learning Alternatives Community School 17.3 mi Public 9-12 4 4
      Life Academy 17.4 mi Private PRESCHOOL-12 0 4
      Minnehaha Academy Upper School 17.4 mi Private 9-12 0 5
      Beacon Preparatory School 17.6 mi Public 6-8 4-5 5
      Seven Hills Classical Academy 17.6 mi Public K-5 4-5 5
      Minnehaha Academy-lower & Middle 17.7 mi Private PRESCHOOL-8 0 4
      Sand Creek Elementary School 19.3 mi Public K-5 3-5 5
      Tarek Ibn Ziyad Academy Blaine 20.6 mi Public K-6 0 3
      Northside Christian School 21.4 mi Private PRESCHOOL-12 0 5
      Davinci Academy 21.8 mi Public K-8 4-5 5
      The Way Of The Shepherd Montessori 22.0 mi Catholic PRESCHOOL-6 0 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Minneapolis, MN
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.