Minnesota (MN) housing market
Warm MarketStatewide monthly sale-market indicators for rental investors — not a substitute for local rent comps, taxes, or insurance, but a fast read on price level, pace, and negotiation pressure.
Data period: May 2026
Market snapshot
- Median sale price
- $372K
- Median days on market
- 25 days
- Months of supply
- 2.3
- Active inventory
- 14,792
- Homes sold
- 6,491
- Sale-to-list ratio
- 100.0%
- Listings with price drop
- 32.5%
- Data month
- May 2026
Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.
Rental Investor Snapshot
Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.
- Market temperature
- Competitive
- Buyer leverage
- High
- Pricing signal vs. U.S. median
- Easier buy-in vs. U.S. median (price only)
- Investor fit (heuristic)
- Buy-in vs. U.S. · Appreciation · Negotiation
Watch-outs
- Elevated price cuts can signal negotiation room — verify condition, rents, and comps street-by-street.
Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.
Warm Market
The market is active with moderate buyer demand.
Minnesota market summary
The Minnesota housing market is heating up. As of May 2026, the median home sale price is $372K, up 1.4% year-over-year. Homes are spending a median of 25 days on the market, 8.7% longer than a year ago.
There are 14,792 homes for sale — 0.1% more than last year. With 2.3 months of supply, this is a seller's market. 9,248 new listings were added during this period, up 2.4% year-over-year.
Homes are selling for 100.0% of their list price on average, indicating buyers are paying above asking. 39.3% of homes sell above their asking price. 32.5% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
58
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 17% below the national median on this sale snapshot — that can mean lower buy-in, but cash flow still depends on local rent, financing, and expenses.
Minnesota market trends
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Detailed market metrics
Median list price
$396K
Price per sq ft
$196
Sale-to-list ratio
100.0%
Months of supply
2.3
Sold above list
39.3%
Price drops
32.5%
New listings
9,248
↑ 2.4% YoY
Pending sales
7,818
Minnesota housing market FAQs
What is the median home price in Minnesota?
For the latest published month, the median sale price in Minnesota is $372K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is Minnesota a buyer's or seller's market?
With about 2.3 months of supply, conditions often favor sellers (inventory is relatively tight versus sales pace). Buyers may need to move quickly and keep offers competitive.
How long do homes stay on the market in Minnesota?
For the latest published month, the median days on market in Minnesota is 25 days — half of homes went pending faster and half slower.
Is Minnesota good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Minnesota can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.
How should investors analyze a rental property in Minnesota?
Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for Minnesota deals.
Metro markets in Minnesota
Open a metro for the same investor snapshot and trends, then run a shortlist through the DSCR calculator and cap rate calculator.
Minneapolis, MN
$400K median · 22 days on market
Rochester, MN
$350K median · 18 days on market
St. Cloud, MN
$308K median · 23 days on market
Brainerd, MN
$350K median · 35 days on market
Faribault, MN
$382K median · 28 days on market
Fergus Falls, MN
$245K median · 27 days on market
Red Wing, MN
$330K median · 33 days on market
Owatonna, MN
$287K median · 15 days on market
Alexandria, MN
$359K median · 14 days on market
Austin, MN
$263K median · 38 days on market
Winona, MN
$275K median · 10 days on market
Bemidji, MN
$300K median · 56 days on market
Hutchinson, MN
$270K median · 14 days on market
Albert Lea, MN
$191K median · 41 days on market
Grand Rapids, MN
$330K median · 39 days on market
Willmar, MN
$290K median · 30 days on market
Fairmont, MN
$147K median · 48 days on market
Marshall, MN
$185K median · 13 days on market
New Ulm, MN
$235K median · 36 days on market
Worthington, MN
$275K median · 46 days on market
More Minnesota housing market data
Compare how Minnesota fits nationally on the U.S. housing market overview, or browse the top 100 U.S. metro housing markets by sales activity.
New to underwriting? Read how much cash it takes to buy a rental in 2026 — then stress-test assumptions in the calculators above.
Underwrite a Minnesota rental with real numbers
Cash flow, Cap Rate, DSCR, and cash-on-cash return — built for speed without skipping rigor.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.