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Minneapolis, MN 55407 Real Estate & Property Data

Minneapolis, MN 55407 Real Estate Market Trends

Last Updated: April 30, 2024

A total of 495 residential properties have been sold over the past 12 months in 55407. With a median sales price of $330,000 in 55407 and a total of 3 foreclosures in Minneapolis, MN 55407. Discover market trends and get the granular level real estate data for Minneapolis, MN 55407 to keep your pulse on the housing market. Curate compelling home reports for Minneapolis, MN 55407 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Minneapolis, MN 55407 Real Estate Market Trends

Get property data for any address in Minneapolis, MN 55407 or the country:

Total Residential Properties 9,923

Total Commercial Properties 945

Avg. Home Age (Single Family Home) 99 Years

Avg. Square Feet (Single Family Home) 1,297

Total 2024 Residential Sales (year-to-date) 78

% of Homes Seriously Underwater (Q2 2024) 1.01%

Total 2023 Residential Sales 472

% of Equity Rich Homes (Q2 2024) 34.14%

Effective 2023 Property Tax 1.27%

Total Foreclosure Filings (year-to-date) 9

Minneapolis, MN 55407 Real Estate Overview

There were 495 residential properties sold in the past year in Minneapolis, MN 55407. The median home value in Minneapolis, MN 55407 is $292,143. There are a total of 9,923 residential properties in the 55407.

Median Sales Price i

$330,000

(Mar 2024)

+3.1%

year-over-year

y-o-y

March '24 Mar '24 $330,000
February '24 Feb '24 $332,250
January '24 Jan '24 $312,000
December '23 Dec '23 $282,000
November '23 Nov '23 $310,000
October '23 Oct '23 $298,000
September '23 Sep '23 $318,250
August '23 Aug '23 $318,000
July '23 Jul '23 $334,000
June '23 Jun '23 $320,000
May '23 May '23 $310,000
April '23 Apr '23 $309,500

Median Down Payment i

$39,400

(Mar 2024)

+4.7%

year-over-year

y-o-y

March '24 Mar '24 $39,400
February '24 Feb '24 $33,500
January '24 Jan '24 $59,200
December '23 Dec '23 $40,650
November '23 Nov '23 $26,750
October '23 Oct '23 $42,000
September '23 Sep '23 $32,800
August '23 Aug '23 $29,025
July '23 Jul '23 $28,625
June '23 Jun '23 $27,200
May '23 May '23 $26,500
April '23 Apr '23 $41,500

Number of Homes Sold i

31

(Mar 2024)

-27.9%

year-over-year

y-o-y

March '24 Mar '24 31
February '24 Feb '24 19
January '24 Jan '24 28
December '23 Dec '23 31
November '23 Nov '23 35
October '23 Oct '23 34
September '23 Sep '23 50
August '23 Aug '23 48
July '23 Jul '23 34
June '23 Jun '23 52
May '23 May '23 44
April '23 Apr '23 46

Number of Purchase Loans i

21

(Mar 2024)

-34.4%

year-over-year

y-o-y

March '24 Mar '24 21
February '24 Feb '24 12
January '24 Jan '24 17
December '23 Dec '23 23
November '23 Nov '23 15
October '23 Oct '23 21
September '23 Sep '23 25
August '23 Aug '23 41
July '23 Jul '23 25
June '23 Jun '23 41
May '23 May '23 37
April '23 Apr '23 34

Number of REFI Loans i

11

(Mar 2024)

+10%

year-over-year

y-o-y

March '24 Mar '24 11
February '24 Feb '24 7
January '24 Jan '24 8
December '23 Dec '23 10
November '23 Nov '23 17
October '23 Oct '23 16
September '23 Sep '23 10
August '23 Aug '23 16
July '23 Jul '23 14
June '23 Jun '23 17
May '23 May '23 16
April '23 Apr '23 12

Number of HELOC Loans i

7

(Mar 2024)

+75%

year-over-year

y-o-y

March '24 Mar '24 7
February '24 Feb '24 2
January '24 Jan '24 2
December '23 Dec '23 3
November '23 Nov '23 9
October '23 Oct '23 7
September '23 Sep '23 13
August '23 Aug '23 20
July '23 Jul '23 8
June '23 Jun '23 6
May '23 May '23 9
April '23 Apr '23 8

Minneapolis, MN 55407 Real Estate Market Overview

Last 30 days

Street
Street
Street

Minneapolis, MN 55407 Foreclosure Activity

There were a total of 3 Minneapolis, MN 55407 properties with a foreclosure filing in March 2024.

Total Foreclosure Filings i

3

(Mar 2024)

-50%

year-over-year

y-o-y

March '24 Mar '24 3
February '24 Feb '24 3
January '24 Jan '24 3
December '23 Dec '23 2
November '23 Nov '23 3
October '23 Oct '23 2
September '23 Sep '23 3
August '23 Aug '23 2
July '23 Jul '23 1
June '23 Jun '23 3
May '23 May '23 7
April '23 Apr '23 4

Foreclosure Starts i

3

(Mar 2024)

-50%

year-over-year

y-o-y

March '24 Mar '24 3
February '24 Feb '24 3
January '24 Jan '24 3
December '23 Dec '23 2
November '23 Nov '23 3
October '23 Oct '23 2
September '23 Sep '23 3
August '23 Aug '23 2
July '23 Jul '23 1
June '23 Jun '23 3
May '23 May '23 7
April '23 Apr '23 4

Completed Foreclosures (REOs) i

March '24 Mar '24 N/A
February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 N/A
November '23 Nov '23 N/A
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 N/A
July '23 Jul '23 3
June '23 Jun '23 2
May '23 May '23 N/A
April '23 Apr '23 N/A

Nearby Zip Codes

1. 55401
2. 55402
3. 55403
4. 55404
5. 55405
6. 55406

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