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Market Statistics: Selected Minneapolis Neighborhoods
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| Downtown Minneapolis - MLS 302 | |||
| Previously Owned / Resale Only | |||
| Pended & Closed Sales off market Jan 1 - June 30 | |||
| 2008 | 2009 |
Change | |
| Total Listings Taken | 487 | 558 |
14.58% |
| Current supply (in months) | 10.1 | ||
| # Sold Homes | 181 | 207 |
14.36% |
| Average List Price | $311,995 | $265,348 |
-14.95% |
| Average Sold Price | $297,304 | $253,069 |
-14.88% |
| Sold as % of List | 95.3% | 95.4% |
|
| Ave Days on Market | 199 | 152 |
-23.62% |
| Ave Square Footage | 1,283 | 1,247 | |
| Average Price/Foot | $223 | $197 | |
| Downtown Minneapolis - MLS 302 | |||
| NEW CONSTRUCTION Only | |||
| Pended & Closed Sales off market Jan 1 - June 30 | |||
| 2008 | 2009 |
Change | |
| # Sold Homes | 120 | 110 |
-8.33% |
| Average List Price | $415,924 | $364,877 |
-12.27% |
| Average Sold Price | $418,059 | $360,853 |
-13.68% |
| Sold as % of List | 100.5% | 98.9% | |
| Ave Square Footage | 1,480 | 1,373 | |
| Average Price/Foot | $275 | $266 | |
| North Minneapolis/Camden - MLS 305/301 | |||
| All property types | |||
| Pended & Closed Sales off market Jan 1 - June 30 | |||
| 2008 | 2009 |
Change | |
| Total Listings Taken | 1625 | 1206 |
-25.78% |
| Current supply (in months) | 3.3 | ||
| # Sold Homes | 754 | 864 |
14.59% |
| Average List Price | $70,536 | $51,926 |
-26.38% |
| Average Sold Price | $65,969 | $50,848 |
-22.92% |
| Sold as % of List | 93.5% | 97.9% | |
| Ave Days on Market | 143 | 108 |
-24.48% |
| Ave Square Footage | 1,422 | 1,421 | |
| Average Price/Foot | $47 | $36 | |
| Northeast Minneapolis - MLS 306 | |||
| All property types | |||
| Pended & Closed Sales off market Jan 1 - June 30 | |||
| 2008 | 2009 |
Change | |
| Total Listings Taken | 459 | 432 |
-5.88% |
| Current supply (in months) | 3.3 | ||
| # Sold Homes | 196 | 303 |
54.59% |
| Average List Price | $177,022 | $133,770 |
-24.43% |
| Average Sold Price | $171,248 | $131,021 |
-23.49% |
| Sold as % of List | 96.7% | 97.9% | |
| Ave Days on Market | 150 | 130 |
-13.33% |
| Ave Square Footage | 1,452 | 1,438 | |
| Average Price/Foot | $123 | $94 | |
All information from Regional Multiple Listing Service of Minnesota.
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