Minneapolis, MN metro area Housing Market
Warm MarketComprehensive housing market data for the Minneapolis, MN metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$380K
– 0.0% YoY
Days on Market
35 days
↑ 12.9% YoY
Active Inventory
7,997
↑ 3.0% YoY
Homes Sold
3,383
↓ 1.2% YoY
Warm Market
The market is active with moderate buyer demand.
Minneapolis, MN metro area Market Summary
The Minneapolis, MN metro area housing market is heating up. As of March 2026, the median home sale price is $380K, down 0.0% year-over-year. Homes are spending a median of 35 days on the market, 12.9% longer than a year ago.
There are 7,997 homes for sale — 3.0% more than last year. With 2.4 months of supply, this is a seller's market. 5,395 new listings were added during this period, up 3.0% year-over-year.
Homes are selling for 99.7% of their list price on average, suggesting room for negotiation. 35.7% of homes sell above their asking price. 26.3% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
62
Contributing Factors
How This Market Compares
vs. National Median
vs. Minnesota Median
Investor Takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals.
Minneapolis, MN metro area Market Trends
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Detailed Market Metrics
Median List Price
$415K
Price per Sq Ft
$199
Sale-to-List Ratio
99.7%
Months of Supply
2.4
Sold Above List
35.7%
Price Drops
26.3%
New Listings
5,395
↑ 3.0% YoY
Pending Sales
4,509
Off Market in 2 Weeks
52.6%
Other Markets in Minnesota
Rochester, MN metro area
$322K · 29d on market
St. Cloud, MN metro area
$300K · 57d on market
Brainerd, MN metro area
$342K · 95d on market
Faribault, MN metro area
$329K · 55d on market
Red Wing, MN metro area
$275K · 75d on market
Fergus Falls, MN metro area
$325K · 108d on market
Willmar, MN metro area
$289K · 51d on market
Owatonna, MN metro area
$270K · 80d 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.