Minnesota Housing Market
Warm MarketHousing market data and trends for Minnesota. Track median prices, inventory, days on market, and competition metrics for real estate investors.
Data period: March 2026
Median Sale Price
$356K
↑ 1.3% YoY
Days on Market
44 days
↑ 18.9% YoY
Active Inventory
12,022
↑ 5.5% YoY
Homes Sold
4,460
↑ 0.1% YoY
Warm Market
The market is active with moderate buyer demand.
Minnesota Market Summary
The Minnesota housing market is heating up. As of March 2026, the median home sale price is $356K, up 1.3% year-over-year. Homes are spending a median of 44 days on the market, 18.9% longer than a year ago.
There are 12,022 homes for sale — 5.5% more than last year. With 2.7 months of supply, this is a seller's market. 7,383 new listings were added during this period, up 2.0% year-over-year.
Homes are selling for 99.2% of their list price on average, suggesting room for negotiation. 33.3% of homes sell above their asking price. 24.3% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
57
Contributing Factors
How This Market Compares
vs. National Median
Investor Takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 19% below the national median, which could indicate stronger cash flow potential.
Minnesota Market Trends
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Detailed Market Metrics
Median List Price
$392K
Price per Sq Ft
$188
Sale-to-List Ratio
99.2%
Months of Supply
2.7
Sold Above List
33.3%
Price Drops
24.3%
New Listings
7,383
↑ 2.0% YoY
Pending Sales
6,122
Metro Areas in Minnesota
Minneapolis, MN metro area
$380K median
35 days
on market
Rochester, MN metro area
$322K median
29 days
on market
St. Cloud, MN metro area
$300K median
57 days
on market
Brainerd, MN metro area
$342K median
95 days
on market
Faribault, MN metro area
$329K median
55 days
on market
Red Wing, MN metro area
$275K median
75 days
on market
Fergus Falls, MN metro area
$325K median
108 days
on market
Willmar, MN metro area
$289K median
51 days
on market
Owatonna, MN metro area
$270K median
80 days
on market
Winona, MN metro area
$288K median
16 days
on market
Bemidji, MN metro area
$279K median
90 days
on market
Hutchinson, MN metro area
$285K median
29 days
on market
Grand Rapids, MN metro area
$212K median
110 days
on market
Alexandria, MN metro area
$440K median
57 days
on market
Albert Lea, MN metro area
$200K median
64 days
on market
Austin, MN metro area
$179K median
86 days
on market
Marshall, MN metro area
$215K median
119 days
on market
New Ulm, MN metro area
$270K median
36 days
on market
Fairmont, MN metro area
$194K median
69 days
on market
Worthington, MN metro area
$265K median
22 days
on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.