Minneapolis, MN Housing Market
Warm MarketMetro-level monthly sale metrics for rental investors — prices, inventory, pace, and negotiation signals. Figures represent the Minneapolis, MN metro area.
Data period: May 2026
Market snapshot
- Median sale price
- $400K
- Median days on market
- 22 days
- Months of supply
- 2.0
- Active inventory
- 9,550
- Homes sold
- 4,693
- Sale-to-list ratio
- 100.6%
- Listings with price drop
- 33.8%
- 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.
Minneapolis, MN market summary
The Minneapolis, MN metro area housing market is heating up. As of May 2026, the median home sale price is $400K, up 0.1% year-over-year. Homes are spending a median of 22 days on the market, 4.8% longer than a year ago.
There are 9,550 homes for sale — 2.3% fewer than last year. With 2.0 months of supply, this is a seller's market. 6,484 new listings were added during this period, up 2.8% year-over-year.
Homes are selling for 100.6% of their list price on average, indicating buyers are paying above asking. 43.4% of homes sell above their asking price. 33.8% 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
vs. Minnesota Median
Investor takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals.
Minneapolis, MN market trends
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Detailed market metrics
Median list price
$415K
Price per sq ft
$206
Sale-to-list ratio
100.6%
Months of supply
2.0
Sold above list
43.4%
Price drops
33.8%
New listings
6,484
↑ 2.8% YoY
Pending sales
5,712
Off market in 2 weeks
55.4%
Minneapolis, MN housing market FAQs
What is the median home price in Minneapolis, MN?
For the latest published month, the median sale price in Minneapolis, MN is $400K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is Minneapolis, MN a buyer's or seller's market?
With about 2.0 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 Minneapolis, MN?
For the latest published month, the median days on market in Minneapolis, MN is 22 days — half of homes went pending faster and half slower.
Is Minneapolis, MN good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Minneapolis, MN 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 Minneapolis, MN?
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 Minneapolis, MN deals.
Compare more Minnesota metro markets
Explore nearby sale-market pace and pricing, then run a shortlist through the rental property calculator.
Rochester, MN
$350K · 18d on market
St. Cloud, MN
$308K · 23d on market
Brainerd, MN
$350K · 35d on market
Faribault, MN
$382K · 28d on market
Fergus Falls, MN
$245K · 27d on market
Red Wing, MN
$330K · 33d on market
Owatonna, MN
$287K · 15d on market
Alexandria, MN
$359K · 14d on market
National context
Step up to the U.S. housing market hub for national trends, then browse top metro markets by sales activity.
Underwrite a Minneapolis, MN deal with real numbers
Use Will It Flow for cash flow, DSCR, cap rate, and cash-on-cash return — free and fast.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.