Minnesota Real Estate & Property Data

Minnesota Real Estate Market Trends
Last Updated: March 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 73,990 residential properties sold in the Minnesota real estate market over the past 12 months. As of January 2024, the median home price in MN on single-family homes is $321,118. The median single-family home value for properties over the last 12 months is $324,976. Currently, the State of Minnesota has 326 properties in foreclosure and 56 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 2,110,777
Total Commercial Properties 133,572
Avg. Home Age (Single Family Home) 51 Years
Avg. Square Feet (Single Family Home) 1,548
Total 2024 Residential Sales (year-to-date) 4,228
% of Homes Seriously Underwater (Q1 2024) 0.91%
Total 2023 Residential Sales 69,762
% of Equity Rich Homes (Q1 2024) 28.76%
Effective 2023 Property Tax 1.01%
Total Foreclosure Filings (year-to-date) 326
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Minnesota Real Estate Overview

There were 73,990 residential properties sold in the past year in Minnesota. The median home value in Minnesota is $324,976. There are a total of 2,110,777 residential properties in the MN.

Median Sales Price i
$321,118
(Jan 2024)
+3.6%
year-over-year
y-o-y
  • January '24 Jan '24 $321,118
  • December '23 Dec '23 $320,000
  • November '23 Nov '23 $330,000
  • October '23 Oct '23 $333,000
  • September '23 Sep '23 $347,500
  • August '23 Aug '23 $359,900
  • July '23 Jul '23 $352,500
  • June '23 Jun '23 $360,000
  • May '23 May '23 $342,000
  • April '23 Apr '23 $347,500
  • March '23 Mar '23 $329,950
  • February '23 Feb '23 $320,000
Median Down Payment i
$42,600
(Jan 2024)
+23.5%
year-over-year
y-o-y
  • January '24 Jan '24 $42,600
  • December '23 Dec '23 $41,225
  • November '23 Nov '23 $44,175
  • October '23 Oct '23 $45,000
  • September '23 Sep '23 $49,000
  • August '23 Aug '23 $47,500
  • July '23 Jul '23 $45,000
  • June '23 Jun '23 $46,700
  • May '23 May '23 $41,405
  • April '23 Apr '23 $41,525
  • March '23 Mar '23 $35,000
  • February '23 Feb '23 $33,000
Number of Homes Sold i
4,228
(Jan 2024)
-3%
year-over-year
y-o-y
  • January '24 Jan '24 4,228
  • December '23 Dec '23 4,888
  • November '23 Nov '23 5,824
  • October '23 Oct '23 6,356
  • September '23 Sep '23 6,818
  • August '23 Aug '23 8,060
  • July '23 Jul '23 6,907
  • June '23 Jun '23 7,326
  • May '23 May '23 6,032
  • April '23 Apr '23 4,614
  • March '23 Mar '23 4,988
  • February '23 Feb '23 3,589
Number of Purchase Loans i
2,987
(Jan 2024)
-6.6%
year-over-year
y-o-y
  • January '24 Jan '24 2,987
  • December '23 Dec '23 3,720
  • November '23 Nov '23 4,423
  • October '23 Oct '23 4,748
  • September '23 Sep '23 5,157
  • August '23 Aug '23 6,097
  • July '23 Jul '23 5,314
  • June '23 Jun '23 5,631
  • May '23 May '23 4,663
  • April '23 Apr '23 3,551
  • March '23 Mar '23 3,780
  • February '23 Feb '23 2,561
Number of REFI Loans i
2,357
(Jan 2024)
+9.9%
year-over-year
y-o-y
  • January '24 Jan '24 2,357
  • December '23 Dec '23 2,638
  • November '23 Nov '23 2,996
  • October '23 Oct '23 3,276
  • September '23 Sep '23 3,054
  • August '23 Aug '23 3,667
  • July '23 Jul '23 3,260
  • June '23 Jun '23 3,294
  • May '23 May '23 3,126
  • April '23 Apr '23 2,529
  • March '23 Mar '23 2,771
  • February '23 Feb '23 1,861
Number of HELOC Loans i
1,197
(Jan 2024)
-17.6%
year-over-year
y-o-y
  • January '24 Jan '24 1,197
  • December '23 Dec '23 1,433
  • November '23 Nov '23 1,796
  • October '23 Oct '23 1,857
  • September '23 Sep '23 1,819
  • August '23 Aug '23 2,214
  • July '23 Jul '23 1,930
  • June '23 Jun '23 2,201
  • May '23 May '23 2,412
  • April '23 Apr '23 1,711
  • March '23 Mar '23 1,678
  • February '23 Feb '23 1,291

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 326 Minnesota properties with a foreclosure filing in January 2024. Lenders started the foreclosure process on 326 Minnesota properties and repossessed 56 Minnesota properties through completed foreclosures (REOs) in January 2024.

Total Foreclosure Filings i
326
(Jan 2024)
+17.3%
year-over-year
y-o-y
  • 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
  • February '23 Feb '23 306
Foreclosure Starts i
326
(Jan 2024)
+17.3%
year-over-year
y-o-y
  • 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
  • February '23 Feb '23 306
Completed Foreclosures (REOs) i
56
(Jan 2024)
+1.8%
year-over-year
y-o-y
  • 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
  • February '23 Feb '23 66
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