Minneapolis (Northeast), MN
Minneapolis (Northeast), Minnesota Real Estate
Minneapolis is on the west side of the river and St. Paul is on the east side of the Mississippi river. Together they create the 16th largest metropolitan area in the United States with well over 3 1/2 million residents. Minneapolis is a wonderful city to live in within abundantly rich water supply including 13 lakes, wetlands, the Mississippi River, creeks as well as waterfalls. The total square footage is 58.4 mi.² with 3.5 mi.² of water. Because the city is so large these searches are divided up into three sections. North Minneapolis, Northeast Minneapolis and the South portion of Minneapolis from downtown on.
The Northeast community of Minneapolis has exploded over the last five years. A big part of it is it's become an artist community. The other driving force is a lot of small coffee shops, independent microbreweries and quaint restaurants. In the decades past uptown was the place for the younger people to live. But many people have been priced out of that area which is located near Lake Calhoun off of Lake Street and Hennepin Avenue.
So the combination of the emerging art center as well as affordable rent prices and home purchase prices, it's made Northeast a thriving community. It's fairly close to the U of M campus as well as several routes to get to downtown Minneapolis or St. Paul. You can find homes in the mid-100,000s on up. The other thing that is interesting about Northeast Minneapolis is the amount of investors that are moving in to purchase duplexes and single-family homes.
Northeast Minneapolis is typically considered north of the downtown Minneapolis area starting at around Nicolet Island moving north past Lowery to the Columbia Heights border from East to West Interstate 94 all the way over to County Road 88 and Sunset Memorial Park.
As a real estate agent selling homes in Northeast Minneapolis, I always like showing homes here. It's very easy to get around and navigate. You can find homes in all price ranges plus there are a lot of duplexes for sale. However I've seen the prices jumped dramatically just in the last three years. In one four-month period in the spring of 2015 I watched duplex prices jump over $70,000 during that time. Because it's a mix of people who want to live there as well as investors, the housing seems to flip-flop a lot. Meaning, one season single-family homes seem to be priced better with more value, six months later it's duplexes. See have to be very flexible when looking in this area. Some of the homes will be move-in ready and many of them will need a lot of work. It seemed like there were a substantial amount of foreclosures and short sales in this area that have now really thinned out.
Use the interactive real estate sales graphs below for real-time statistics on the City of Minneapolis. (All updated maps are based on every property in the city including single-family homes, townhomes and condos. For more specific information about a neighborhood, price range or style of home, contact Tom Sommers 952-994-7204.)
Median sales price in Minneapolis
Average days on market over last three years in Minneapolis
Average months’ supply of homes for sale in Minneapolis (This is also referred to as the absorption rate. Meaning, if no other homes came on the market from this day forward it would take this number of months for all the homes to sell. 0 to 3 months is a seller's market, 4 to 6 months is an average market and 6+ months of inventory is typically a buyer’s market)
Search Minneapolis (Northeast), MN Homes for Sale
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than the owner of this site are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.
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Today's Market Trends for Minneapolis (Northeast), MN *
* All data pertains to single-family homes