Minneapolis - MN housing market

The typical home value ($394,711) is the Zillow Home Value Index for the Minneapolis - MN metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.9% over the past year. In Minneapolis - MN, that means a home worth $387,351 last year is now worth roughly $394,711.

The median sale price, what homes actually close for, is $370,717. Homes are selling at 100.7% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Minneapolis - MN sit on the market for roughly 20 days before going pending. Shorter = seller's market; longer = buyer's market.

About 24.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 5,540 new listings hit the market each month in Minneapolis - MN. There are currently 13,612 homes for sale, up 17.8% from a year ago.

The typical monthly rent in Minneapolis - MN is $1,725, up 3.6% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 19.1x, toss-up (#59 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $2,029 a month in principal and interest, $304 more than renting before taxes, insurance and upkeep. The two break even at a 5.15% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →