RealTrends Market Report

Minnesota, MN

Single-Family Homes

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Minnesota, MN

Sun Sep 27 2026
This week the median list price for Minnesota, MN is $420,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has increased to 13,780. Click here to stay informed with the Minnesota market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Minnesota, MN

Sun Sep 27 2026
This week the median list price for Minnesota, MN is $420,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has increased to 13,780. Click here to stay informed with the Minnesota market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Minnesota market.
Median List Price $420,000
Median Price of New Listings $380,000
Per Square Foot $201
Average Days on Market 100
Median Days on Market 63
Price Decreased 43%
Price Increased 1%
Relisted 15%
Inventory 13,780
Median Rent
Market Action 37
Slight Seller's Advantage

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$849,990 3,472 0.5 - 1 acre 4 3 20 176 253 91
$499,900 2,388 0.25 - 0.5 acre 4 2.5 25 265 325 63
$360,000 1,864 0.25 - 0.5 acre 3 2 47 309 401 49
$214,500 1,399 8,000 - 10,000 sqft 3 1.5 76 308 404 56