Minneapolis, MN
Housing market overview · Updated weekly
$320,000median sale price
Homes sold
211
Last 12 weeks
Days on market
49
Average pace
Active listings
802
3.8 months supply
Sale-to-list
99.6%
Below asking
The Minneapolis housing market is currently classified as a balanced market with a median sale price of $320,000. Prices have fallen 7.2% compared to last year, with homes spending an average of 49 days on market, indicating 3.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Minneapolis?
The median home sale price in Minneapolis is $320,000, down 7.2% from last year.
How long do homes stay on market in Minneapolis?
Homes typically spend 49 days on market before going under contract.
Is Minneapolis a buyer's or seller's market?
With 3.8 months of supply, Minneapolis is currently a balanced market.
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