Minneapolis - MN housing market
The Minneapolis metro has a typical home value of $395,726, up 2.1% from a year ago. Homes are moving fast at 17 days on market, a strong seller's market. 22% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($395,726) 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 2.1% over the past year. In Minneapolis - MN, that means a home worth $387,587 last year is now worth roughly $395,726.
The median sale price , what homes actually close for , is $368,346. Homes are selling at 100.5% of list price, meaning buyers are typically paying at or above asking.
Homes listed in Minneapolis - MN sit on the market for roughly 17 days before going pending. Shorter = seller's market; longer = buyer's market.
About 22.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 5,653 new listings hit the market each month in Minneapolis - MN. There are currently 12,830 homes for sale, up 18.6% from a year ago.
The typical monthly rent in Minneapolis - MN is $1,727, up 3.4% year over year. For investors, the price-to-rent ratio here is roughly 19x annual rent.
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.
Other metros in MN
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Duluth - MN | $268,805 | +6.4% | 7.0d |