Minnesota Real Estate Market• Updated
Market Pulse: Opportunity 📈
The Minnesota real estate market is currently a Buyer's Market. Homes are retaining 97% of their value (Sale Price to List Price Ratio). With 469 active listings and 504 closed sales this month, inventory remains at 0.8 months of supply. Trends over the last half-year show median values moving up by 14%, while Average Days on Market has increased by 44%.
Top Listing & Buyer's Agents in Minnesota
Detached Homes
Condo/Co-op
Multi-Family (2-4 Unit)
Townhomes
Minnesota Real Estate Market Trends October 2026
Inventory Breakdown by Segment
| Property Type | Entry Level | High-End | Mid-Market | Ultra-Luxury | Total |
|---|---|---|---|---|---|
| Condo/Co-op | 1 | 6 | 8 | 2 | 17 |
| Detached Home | 62 | 116 | 161 | 81 | 420 |
| Multi-Family (2-4 Unit) | 3 | 4 | 10 | 2 | 19 |
| Townhome | 2 | 4 | 5 | 2 | 13 |
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 0.8 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, $269,000 represents the median entry point in Minnesota. Over the past half-year, home values in Minnesota have moved upward by approximately 14% 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 96.8%. On average, properties in Minnesota are transitioning from active to sold status in 62 days.