Minnesota Real Estate & Property Data

Minnesota Real Estate Market Trends
Last Updated: April 19, 2024

Get access to Minnesota real estate data and housing market reports powered by the industry’s leading provider of real estate and property data, ATTOM. There have been 73,275 residential properties sold in the Minnesota real estate market over the past 12 months. As of February 2024, the median home price in MN on single-family homes is $325,000. The median single-family home value for properties over the last 12 months is $325,251. Currently, the State of Minnesota has 352 properties in foreclosure and 47 REOs (real estate bank owned).

See how easy it is to locate target properties in MN, build bespoke property reports, and create marketing lists from ATTOM’s Minnesota real estate data.

Minnesota Real Estate Market Trends
Total Residential Properties 2,112,033
Total Commercial Properties 133,096
Avg. Home Age (Single Family Home) 51 Years
Avg. Square Feet (Single Family Home) 1,549
Total 2024 Residential Sales (year-to-date) 7,728
% of Homes Seriously Underwater (Q2 2024) 0.91%
Total 2023 Residential Sales 69,914
% of Equity Rich Homes (Q2 2024) 28.8%
Effective 2023 Property Tax 1.01%
Total Foreclosure Filings (year-to-date) 678
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Minnesota Real Estate Overview

There were 73,275 residential properties sold in the past year in Minnesota. The median home value in Minnesota is $325,251. There are a total of 2,112,033 residential properties in the MN.

Median Sales Price i
$325,000
(Feb 2024)
+1.6%
year-over-year
y-o-y
  • February '24 Feb '24 $325,000
  • January '24 Jan '24 $321,118
  • December '23 Dec '23 $320,000
  • November '23 Nov '23 $330,500
  • October '23 Oct '23 $334,400
  • September '23 Sep '23 $349,000
  • August '23 Aug '23 $360,000
  • July '23 Jul '23 $354,500
  • June '23 Jun '23 $360,000
  • May '23 May '23 $342,000
  • April '23 Apr '23 $345,000
  • March '23 Mar '23 $329,900
Median Down Payment i
$37,850
(Feb 2024)
+14.7%
year-over-year
y-o-y
  • February '24 Feb '24 $37,850
  • January '24 Jan '24 $42,100
  • December '23 Dec '23 $41,500
  • November '23 Nov '23 $44,375
  • October '23 Oct '23 $45,000
  • September '23 Sep '23 $49,500
  • August '23 Aug '23 $48,000
  • July '23 Jul '23 $45,000
  • June '23 Jun '23 $46,800
  • May '23 May '23 $41,500
  • April '23 Apr '23 $41,500
  • March '23 Mar '23 $35,000
Number of Homes Sold i
3,443
(Feb 2024)
-4.2%
year-over-year
y-o-y
  • February '24 Feb '24 3,443
  • January '24 Jan '24 4,285
  • December '23 Dec '23 4,968
  • November '23 Nov '23 5,829
  • October '23 Oct '23 6,364
  • September '23 Sep '23 6,830
  • August '23 Aug '23 8,118
  • July '23 Jul '23 6,922
  • June '23 Jun '23 7,316
  • May '23 May '23 6,031
  • April '23 Apr '23 4,581
  • March '23 Mar '23 4,995
Number of Purchase Loans i
2,528
(Feb 2024)
-1.5%
year-over-year
y-o-y
  • February '24 Feb '24 2,528
  • January '24 Jan '24 3,052
  • December '23 Dec '23 3,788
  • November '23 Nov '23 4,429
  • October '23 Oct '23 4,759
  • September '23 Sep '23 5,186
  • August '23 Aug '23 6,176
  • July '23 Jul '23 5,351
  • June '23 Jun '23 5,645
  • May '23 May '23 4,675
  • April '23 Apr '23 3,521
  • March '23 Mar '23 3,791
Number of REFI Loans i
2,406
(Feb 2024)
+28.9%
year-over-year
y-o-y
  • February '24 Feb '24 2,406
  • January '24 Jan '24 2,404
  • December '23 Dec '23 2,680
  • November '23 Nov '23 3,010
  • October '23 Oct '23 3,282
  • September '23 Sep '23 3,070
  • August '23 Aug '23 3,693
  • July '23 Jul '23 3,259
  • June '23 Jun '23 3,262
  • May '23 May '23 3,114
  • April '23 Apr '23 2,508
  • March '23 Mar '23 2,776
Number of HELOC Loans i
1,205
(Feb 2024)
-6.6%
year-over-year
y-o-y
  • February '24 Feb '24 1,205
  • January '24 Jan '24 1,216
  • December '23 Dec '23 1,452
  • November '23 Nov '23 1,797
  • October '23 Oct '23 1,860
  • September '23 Sep '23 1,823
  • August '23 Aug '23 2,233
  • July '23 Jul '23 1,925
  • June '23 Jun '23 2,187
  • May '23 May '23 2,408
  • April '23 Apr '23 1,702
  • March '23 Mar '23 1,678

Minnesota Real Estate Market Overview

Last 30 days
  • County
    Median Est. Value
  • County
    Median Est. Value
  • County
    Median Est. Value

Minnesota Foreclosure Activity

There were a total of 352 Minnesota properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 352 Minnesota properties and repossessed 47 Minnesota properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
352
(Feb 2024)
+15%
year-over-year
y-o-y
  • February '24 Feb '24 352
  • January '24 Jan '24 326
  • December '23 Dec '23 345
  • November '23 Nov '23 343
  • October '23 Oct '23 359
  • September '23 Sep '23 334
  • August '23 Aug '23 360
  • July '23 Jul '23 323
  • June '23 Jun '23 435
  • May '23 May '23 387
  • April '23 Apr '23 333
  • March '23 Mar '23 394
Foreclosure Starts i
352
(Feb 2024)
+15%
year-over-year
y-o-y
  • February '24 Feb '24 352
  • January '24 Jan '24 326
  • December '23 Dec '23 345
  • November '23 Nov '23 343
  • October '23 Oct '23 359
  • September '23 Sep '23 334
  • August '23 Aug '23 360
  • July '23 Jul '23 323
  • June '23 Jun '23 435
  • May '23 May '23 387
  • April '23 Apr '23 333
  • March '23 Mar '23 394
Completed Foreclosures (REOs) i
47
(Feb 2024)
-28.8%
year-over-year
y-o-y
  • February '24 Feb '24 47
  • January '24 Jan '24 56
  • December '23 Dec '23 38
  • November '23 Nov '23 29
  • October '23 Oct '23 49
  • September '23 Sep '23 48
  • August '23 Aug '23 47
  • July '23 Jul '23 53
  • June '23 Jun '23 44
  • May '23 May '23 63
  • April '23 Apr '23 45
  • March '23 Mar '23 57
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