Median sale price in the Minneapolis-St. Paul 13-county metropolitan area dropped an average of 15.7% in 2009… but real estate is always local and there can be big differences from community to community.
Prices are also greatly affected by the percentage of foreclosure properties, which commanded 43.0% of all closed sales in the Twin Cities in 2009. The percentage of foreclosures by area ranged from a low of 10.7% in St. Paul's Mac/Groveland/River Road area to a high of 67.0% in Northern Chisago County.
The chart below gives an overview of median sale prices 2007-2009 by Minneapolis-St. Paul MLS area, including the percent price change from 2008 to 2009 and percent of lender-mediated foreclosures and short sales. Click here for a 5-year comparison.
MLS AREA |
AREA NAME |
2007 |
2008 |
2009 |
% change from 2008 |
% Lender-Mediated 2009 |
Division III – includes Hennepin, Carver, McLeod, Sibley Counties (and some areas in Wright County) |
||||||
Minneapolis City Neighborhoods |
||||||
300 |
Calhoun-Isles |
$256,000 |
$240,900 |
$230,000 |
-4.5% |
19.9% |
301 |
Camden |
$129,459 |
$60,000 |
$51,900 |
-13.5% |
66.9% |
302 |
Central |
$278,850 |
$275,945 |
$246,750 |
-10.6% |
17.7% |
303 |
Longfellow |
$210,500 |
$188,500 |
$171,500 |
-9.0% |
32.1% |
304 |
Nokomis |
$224,200 |
$208,000 |
$189,900 |
-8.7% |
28.0% |
305 |
North |
$91,000 |
$44,313 |
$38,500 |
-13.1% |
77.5% |
306 |
Northeast |
$197,388 |
$167,500 |
$151,000 |
-9.9% |
39.2% |
307 |
Phillips |
$165,478 |
$87,550 |
$89,050 |
+1.7% |
68.7% |
308 |
Powderhorn |
$170,000 |
$119,900 |
$110,000 |
-8.3% |
57.4% |
309 |
Southwest |
$309,000 |
$275,000 |
$260,000 |
-5.5% |
18.3% |
310 |
University |
$242,500 |
$203,000 |
$195,000 |
-3.9% |
38.5% |
Western, Northwestern and Southwestern Suburbs and other areas |
||||||
340 |
Buffalo |
$195,000 |
$172,500 |
$145,000 |
-15.9% |
61.2% |
341 |
Wright County |
$210,000 |
$180,000 |
$156,000 |
-13.3% |
57.1% |
342 |
Hutchinson |
$162,050 |
$149,000 |
$124,950 |
-16.1% |
32.2% |
343 |
McLeod |
$143,931 |
$124,900 |
$99,000 |
-20.7% |
54.5% |
360 |
Robbinsdale |
$203,000 |
$160,025 |
$148,750 |
-7.0% |
37.5% |
361 |
Crystal |
$193,650 |
$161,000 |
$142,000 |
-11.8% |
42.1% |
362 |
New Hope |
$220,000 |
$186,000 |
$158,000 |
-15.1% |
45.8% |
363 |
Brooklyn Center |
$174,300 |
$115,500 |
$90,000 |
-22.1% |
67.7% |
364 |
Brooklyn Park |
$220,000 |
$174,600 |
$135,000 |
-22.7% |
65.7% |
365 |
Maple Grove-Osseo |
$253,750 |
$247,900 |
$219,348 |
-11.5% |
28.7% |
366 |
Champlin |
$218,111 |
$199,900 |
$162,000 |
-19.0% |
51.5% |
367 |
Hennepin County N |
$283,800 |
$249,900 |
$224,950 |
-10.0% |
53.8% |
368 |
Hennepin County NW |
$369,000 |
$310,000 |
$255,000 |
-17.7% |
45.2% |
370 |
Sibley County |
$132,750 |
$110,000 |
$88,888 |
-19.2% |
49.6% |
373 |
Golden Valley |
$272,400 |
$257,450 |
$220,000 |
-14.5% |
28.6% |
374 |
Plymouth |
$294,000 |
$279,000 |
$253,500 |
-9.1%% |
20.7% |
378 |
Richfield |
$217,500 |
$185,500 |
$165,000 |
-11.1% |
38.7% |
379 |
Bloomington East |
$210,250 |
$180,000 |
$157,625 |
-12.4% |
41.1% |
380 |
Bloomington West |
$245,000 |
$226,000 |
$210,000 |
-7.1% |
26.7% |
381 |
Lake Minnetonka |
$400,863 |
$385,000 |
$339,500 |
-11.8% |
32.6% |
385 |
Edina |
$378,000 |
$387,500 |
$324,950 |
-16.1% |
12.1% |
386 |
Hopkins |
$205,000 |
$170,000 |
$164,900 |
-3.0% |
43.4% |
387 |
Minnetonka |
$285,000 |
$263,500 |
$242,000 |
-8.2% |
30.0% |
391 |
St. Louis Park |
$233,500 |
$226,950 |
$212,500 |
-6.4% |
17.5% |
392 |
Eden Prairie |
$315,250 |
$280,000 |
$251,750 |
-10.1% |
25.5% |
394 |
Carver County |
$232,000 |
$218,000 |
$186,000 |
-14.7% |
36.0% |
396 |
Chanhassen |
$317,143 |
$295,000 |
$280,000 |
-5.1% |
23.6% |
397 |
Chaska |
$246,000 |
$230,500 |
$178,500 |
-22.6% |
36.8% |
398 |
Victoria |
$407,500 |
$401,000 |
$326,950 |
-18.5% |
18.5% |
MLS AREA |
AREA NAME |
2007 |
2008 |
2009 |
% change from 2008 |
% Lender-Mediated 2009 |
Division II – includes Dakota & Scott Counties (and some areas in Goodhue, LeSueur & Rice Counties) |
||||||
Southern Suburbs and other areas |
||||||
600 |
West St. Paul |
$189,000 |
$163,000 |
$134,900 |
-17.2% |
44.7% |
602 |
South St. Paul |
$182,000 |
$159,000 |
$132,000 |
-17.0% |
56.0% |
604 |
Mendota-Lilydale- Mendota Heights |
$382,500 |
$294,000 |
$260,000 |
-11.6% |
19.1% |
605 |
Sunfish Lake |
$1,110,000 |
$1,051,250 |
$830,000 |
-21.0% |
100.0% |
608 |
Inver Grove Heights |
$209,900 |
$190,000 |
$165,751 |
-12.8% |
43.9% |
610 |
Eagan |
$242,000 |
$215,000 |
$183,000 |
-14.9% |
37.3% |
612 |
Burnsville |
$225,000 |
$201,647 |
$175,000 |
-13.23% |
41.0% |
614 |
Apple Valley |
$224,900 |
$205,000 |
$171,000 |
-16.6% |
40.0% |
616 |
Rosemount |
$244,900 |
$216,900 |
$194,000 |
-10.6% |
36.5% |
617 |
Hastings |
$196,000 |
$175,000 |
$150,000 |
-14.3% |
45.6% |
618 |
East Dakota County |
$250,000 |
$288,500 |
$240,000 |
-16.8% |
35.3% |
624 |
Farmington |
$224,000 |
$195,730 |
$175,000 |
-10.6% |
45.2% |
626 |
Lakeville |
$262,000 |
$250,000 |
$224,188 |
-10.3% |
38.1% |
628 |
South Dakota County |
$238,000 |
$256,500 |
$169,700 |
-33.8% |
38.9% |
630 |
Northfield |
$215,075 |
$189,000 |
$171,425 |
-9.3% |
33.6% |
632 |
Rice County |
$172,250 |
$148,500 |
$140,000 |
-5.7% |
43.6% |
640 |
Shakopee |
$220,050 |
$199,875 |
$175,000 |
-12.4% |
48.9% |
642 |
Prior Lake |
$277,000 |
$264,400 |
$240,000 |
-9.2% |
39.7% |
644 |
Savage |
$257,000 |
$241,000 |
$212,000 |
-12.0% |
37.5% |
646 |
Jordan |
$250,000 |
$219,950 |
$202,000 |
-8.2% |
59.3% |
648 |
New Prague |
$228,500 |
$210,000 |
$198,000 |
-5.7% |
52.4% |
650 |
Belle Plaine |
$207,900 |
$175,250 |
$150,500 |
-14.1% |
60.8% |
658 |
LeSueur County |
$160,500 |
$150,000 |
$110,000 |
-26.7% |
44.3% |
660 |
Goodhue County |
$165,000 |
$148,000 |
$146,000 |
-1.4% |
23.7% |
MLS AREA |
AREA NAME |
2007 |
2008 |
2009 |
% change from 2008 |
% Lender-Mediated 2009 |
Division I – includes Anoka, Chisago, Ramsey, Washington Counties (and some areas in Isanti, Sherburne & Wisconsin) |
||||||
Northeastern Suburbs and other areas |
||||||
702 |
Falcon Heights- Lauderdale- Roseville |
$237,400 |
$225,000 |
$201,900 |
-10.3% |
20.6% |
705 |
Lino Lakes- Hugo-Centerville |
$250,000 |
$219,366 |
$180,400 |
-17.8% |
39.6% |
706 |
North Central Suburban |
$249,000 |
$219,950 |
$190,500 |
-13.4% |
34.7% |
707 |
Ham Lake |
$315,000 |
$275,000 |
$236,000 |
-14.2% |
60.3% |
708 |
White Bear Area |
$235,000 |
$220,000 |
$180,000 |
-18.2% |
36.3% |
709 |
Forest Lake Area |
$237,250 |
$204,500 |
$154,500 |
-24.4% |
56.9% |
710 |
NE Anoka County |
$255,453 |
$205,000 |
$198,000 |
-3.4% |
40.9% |
711 |
South Chisago County |
$209,900 |
$173,500 |
$154,836 |
-10.8% |
59.6% |
712 |
Maplewood- North St. Paul |
$205,897 |
$185,000 |
$160,000 |
-13.5% |
42.9% |
713 |
Bethel |
$214,500 |
$176,200 |
$152,500 |
-13.5% |
69.6% |
St. Paul City Neighborhoods |
||||||
714 |
Phalen |
$160,000 |
$100,000 |
$85,000 |
-15.0% |
62.3% |
716 |
Hillcrest-Hazel Pk- Dayton's Bluff |
$164,800 |
$98,700 |
$94,250 |
-4.5% |
59.7% |
720 |
Southeast St. Paul |
$182,000 |
$170,000 |
$149,475 |
-12.1% |
51.4% |
Eastern Suburbs and other areas |
||||||
721 |
Lakeland-Afton- Denmark |
$270,000 |
$244,000 |
$237,800 |
-2.5% |
47.3% |
722 |
Newport-St.Paul Park-Cottage Grove |
$217,050 |
$189,210 |
$168,150 |
-11.1% |
54.0% |
725 |
Pine Springs-Lake Elmo-Oakdale |
$228,450 |
$197,000 |
$167,100 |
-15.2% |
44.7% |
726 |
Woodbury |
$267,575 |
$264,000 |
$238,375 |
-9.7% |
31.5% |
727 |
Stillwater-Bayport |
$295,000 |
$285,000 |
$225,000 |
-21.1% |
32.9% |
St. Paul Central City Neighborhoods |
||||||
728 |
Riverview-Cheroke |
$179,500 |
$115,000 |
$103,000 |
-10.4% |
52.8% |
738 |
Homecroft-W 7th |
$180,000 |
$138,750 |
$110,000 |
-20.7% |
46.8% |
740 |
Crocus Hill |
$260,450 |
$227,128 |
$206,250 |
-9.2% |
31.4% |
741 |
Downtown-Capital Hts |
$189,500 |
$199,900 |
$176,450 |
-11.7% |
24.3% |
742 |
Central |
$131,750 |
$60,250 |
$55,000 |
-8.7% |
67.8% |
744 |
Como |
$216,000 |
$195,500 |
$175,000 |
-10.5% |
26.0% |
746 |
St. Anthony-Midway |
$195,400 |
$175,000 |
$159,000 |
-9.1% |
31.1% |
748 |
Town & County- Merriam Park |
$265,950 |
$230,588 |
$220,000 |
-4.6% |
27.4% |
750 |
Mac-Groveland- River Road |
$276,000 |
$266,250 |
$243,000 |
-8.7% |
10.7% |
752 |
Highland Area |
$280,000 |
$249,000 |
$222,025 |
-10.8% |
21.2% |
Northern Suburbs and other areas |
||||||
754 |
Big Lake Township |
$195,950 |
$150,00 |
$139,900 |
-6.7% |
74.9% |
756 |
Elk River |
$210,000 |
$187,900 |
$160,000 |
-14.8% |
67.5% |
758 |
NW Anoka County |
$220,480 |
$195,000 |
$159,000 |
-18.5% |
65.0% |
760 |
Ramsey |
$214,750 |
$186,700 |
$154,000 |
-17.5% |
57.7% |
762 |
Andover |
$265,000 |
$226,840 |
$205,000 |
-9.6% |
48.1% |
764 |
Blaine |
$222,350 |
$194,500 |
$169,900 |
-12.6% |
43.8% |
765 |
Arden Hills-Shoreview |
$237,000 |
$225,000 |
$209,900 |
-6.7% |
23.3% |
766 |
Mounds View-New Brighton-St. Anthony Village |
$227,000 |
$201,000 |
$186,000 |
-7.5% |
29.6% |
767 |
Coon Rapids |
$190,500 |
$160,000 |
$137,250 |
-14.2% |
57.2% |
768 |
Spring Park-Fridley |
$194,000 |
$160,025 |
$139,500 |
-12.8% |
48.7% |
769 |
Anoka |
$189,500 |
$160,250 |
$130,000 |
-18.9% |
59.0% |
770 |
Hilltop-Columbia Hts |
$179,900 |
$145,000 |
$122,500 |
-15.5% |
55.5% |
771 |
Spring Lake Park |
$159,000 |
$159,265 |
$139,000 |
-12.7% |
57.6% |
772 |
Lexington-Circle Pines |
$186,000 |
$172,600 |
$150,000 |
-13.1% |
50.0% |
780 |
Sherburne County |
$207,250 |
$165,000 |
$144,250 |
-12.6% |
67.1% |
782 |
Isanti County |
$176,000 |
$147,483 |
$124,900 |
-15.3% |
70.3% |
783 |
Cambridge |
$165,000 |
$135,200 |
$115,000 |
-14.9% |
63.0% |
784 |
North Chisago County |
$179,000 |
$149,675 |
$129,950 |
-13.2% |
67.0% |
Data compiled by the Minneapolis Area Association of Realtors
Sharlene Hensrud, RE/MAX Results - Email - Minneapolis – St. Paul Real Estate Market Information
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