Minnesota housing market
Statewide listing data for September 2026, the latest month Realtor.com® Economic Research has published, with two years of history. Checked October 8, 2026.
Minnesota at a glance
MidwestSource: Realtor.com® Economic Research (Minnesota, September 2026). Asking prices and active listings, not closed sales.
What the data says
- There are 30.0% more homes for sale in Minnesota than a year ago.
- The median asking price is down 2.3% from a year ago.
- 22% of active listings have had at least one price reduction.
- The typical listing spends 47 days on the market, 2 days longer than a year ago.
Repeat sales and appraisals of the same homes, published quarterly with a lag of about two months.
Two-year trend
Median listing price, Minnesota
| Period | Value |
|---|---|
| 2024-09-01 | $394K |
| 2024-10-01 | $387K |
| 2024-11-01 | $379K |
| 2024-12-01 | $375K |
| 2025-01-01 | $375K |
| 2025-02-01 | $381K |
| 2025-03-01 | $399K |
| 2025-04-01 | $400K |
| 2025-05-01 | $400K |
| 2025-06-01 | $400K |
| 2025-07-01 | $399K |
| 2025-08-01 | $395K |
| 2025-09-01 | $389K |
| 2025-10-01 | $380K |
| 2025-11-01 | $374K |
| 2025-12-01 | $367K |
| 2026-01-01 | $365K |
| 2026-02-01 | $377K |
| 2026-03-01 | $388K |
| 2026-04-01 | $399K |
| 2026-05-01 | $400K |
| 2026-06-01 | $400K |
| 2026-07-01 | $395K |
| 2026-08-01 | $388K |
| 2026-09-01 | $380K |
Homes for sale, Minnesota
| Period | Value |
|---|---|
| 2024-09-01 | 14K |
| 2024-10-01 | 14K |
| 2024-11-01 | 13K |
| 2024-12-01 | 11K |
| 2025-01-01 | 9,135 |
| 2025-02-01 | 8,917 |
| 2025-03-01 | 9,593 |
| 2025-04-01 | 11K |
| 2025-05-01 | 13K |
| 2025-06-01 | 14K |
| 2025-07-01 | 14K |
| 2025-08-01 | 14K |
| 2025-09-01 | 15K |
| 2025-10-01 | 15K |
| 2025-11-01 | 14K |
| 2025-12-01 | 12K |
| 2026-01-01 | 10K |
| 2026-02-01 | 10K |
| 2026-03-01 | 11K |
| 2026-04-01 | 12K |
| 2026-05-01 | 14K |
| 2026-06-01 | 15K |
| 2026-07-01 | 18K |
| 2026-08-01 | 19K |
| 2026-09-01 | 19K |
Listings follow a seasonal pattern each year; compare a month with the same month a year earlier.
Minnesota compared with the U.S.
Compare with another state| Measure | Minnesota | United States |
|---|---|---|
| Median listing price | $379,900 (−2.3% y/y) | $419,250 (−1.4% y/y) |
| Homes for sale | 19,379 (+30.0% y/y) | 1,161,615 (+5.4% y/y) |
| Median days on market | 47 days (+2 days y/y) | 61 days (Unchanged y/y) |
| Listings with a price cut | 22.1% (+3.1 pts y/y) | 20.8% (+0.9 pts y/y) |
| Median list price per sq ft | $197 (−2.0% y/y) | $223 (−1.7% y/y) |
Sources: Realtor.com® Economic Research (Minnesota, September 2026); Realtor.com® Economic Research (United States, September 2026). “y/y” is the change from the same month a year earlier.
An affordability illustration
Run your own numbersThe inputs
- Median listing price (September 2026)$379,900
- Down payment20% ($75,980)
- Loan amount$303,920
- Rate: 30-year fixed, national (Week of Oct 1, 2026)7.28%
- Median household income, Minnesota (2025)$95,160
This is an illustration, not a lender calculation. It leaves out property taxes, homeowners insurance, mortgage insurance and HOA dues, which can add several hundred dollars or more a month. The rate is a national average for strong-credit borrowers; your rate may differ.
Sources: Realtor.com® Economic Research (Minnesota, September 2026); Freddie Mac Primary Mortgage Market Survey, via FRED, Federal Reserve Bank of St. Louis (United States, Week of Oct 1, 2026); U.S. Census Bureau, Current Population Survey, via FRED, Federal Reserve Bank of St. Louis (Minnesota, 2025).
Editor’s notes on Minnesota
Written March 2026; conditions may have changedMinnesota's Twin Cities represent the most economically diversified metro in the Midwest — healthcare (Mayo Clinic, UHC), retail (Target, Best Buy), financial services, and agriculture all contribute. The market is consistently competitive without being extreme, offering a healthy balance of inventory and demand.
For buyers
Northeast Minneapolis and St. Paul's Summit-University neighborhood are seeing strong investment activity. Rochester is a highly stable market driven by Mayo Clinic employment.
For sellers
Twin Cities buyers are quality-conscious. Presentation and condition drive premium results. Don't skip the pre-inspection — buyers here expect it.
These notes are background written by our editors in March 2026, before the data above. Where they differ, the dated figures on this page are more current.