Minnesota Real Estate Market• Updated
Market Pulse: Balanced ⚖️
The Minnesota real estate market is currently a Balanced Market. Homes are retaining 98% of their value (Sale Price to List Price Ratio). With 819 active listings and 475 closed sales this month, inventory remains at 1.3 months of supply. Trends over the last half-year show median values moving up by 12%, while Average Days on Market has increased by 42%.
Top Listing & Buyer's Agents in Minnesota
Detached Homes
Multi-Family (2-4 Unit)
Condo/Co-op
Townhomes
Minnesota Real Estate Market Trends August 2026
Inventory Breakdown by Segment
| Property Type | Entry Level | High-End | Mid-Market | Ultra-Luxury | Total |
|---|---|---|---|---|---|
| Condo/Co-op | 8 | 4 | 17 | 7 | 36 |
| Detached Home | 153 | 171 | 287 | 109 | 720 |
| Multi-Family (2-4 Unit) | 8 | 10 | 21 | 1 | 40 |
| Townhome | 3 | 6 | 12 | 2 | 23 |
Market Insights & FAQ
How is the real estate market in Minnesota performing right now?
The data indicates a high-intensity environment in Minnesota. Inventory is at 1.3 months, meaning a fast-paced market where inventory is limited. Inventory is critically low, meaning well-priced homes move rapidly often with multiple offers.
What are the current pricing trends for Minnesota real estate?
Currently, $283,000 represents the median entry point in Minnesota. Over the past half-year, home values in Minnesota have moved upward by approximately 12% based on regional transaction data.
Are sellers in Minnesota getting their full asking price?
Buyers have room for negotiation in Minnesota, with a Sale Price to List Price Ratio of 97.7%. On average, properties in Minnesota are transitioning from active to sold status in 63 days.