Why Live in Bancroft
Bancroft, a neighborhood in Minneapolis, offers a suburban feel with a strong sense of community among its residents, which include families and young professionals. The area is known for its parks and coffee shops, fostering social interaction and outdoor activities. Bancroft's location between Interstate 35 West and State Highway 55, just 5 miles from downtown, makes it ideal for commuters. The neighborhood is close to Minnehaha Creek and Minnehaha Regional Park, a 193-acre park featuring limestone bluffs, a 53-foot waterfall, and various hiking trails. Lake Nokomis, with its fishing pier, Naturescape Garden, and sandy beach, is also within walking distance. Bancroft Elementary School and South High School are highly rated, providing quality education options. The neighborhood's housing market is competitive, with many homes dating back to the 1920s and 30s, including Craftsman bungalows. Bancroft is primarily residential but offers convenient access to shopping and dining, including the Midtown Global Market and local favorites like Lowbrow and The Tiny Diner. Public transportation is well-developed, with several bus lines and the Blue Line light rail nearby. Healthcare facilities such as Hennepin County Medical Center and Fairview Southdale Hospital are easily accessible. The neighborhood's crime rate is lower than the national average, contributing to its appeal for potential homebuyers.
Home Trends in Bancroft, MN
On average, homes in Bancroft, Minneapolis sell after 15 days on the market compared to the national average of 70 days. The median sale price for homes in Bancroft, Minneapolis over the last 12 months is $478,470.
Median Sale Price
$478,470
Median Single Family Sale Price
$321,419
Median Townhouse Sale Price
$323,990
Median 2 Bedroom Sale Price
$509,900
Median 1 Bedroom Sale Price
$194,999
Average Price Per Sq Ft
$304
Number of Homes for Sale
19
Last 12 months Home Sales
38
Median List Price
$353,000
Median Change From 1st List Price
0%