Homes for Sale in Minneapolis, MN

Minneapolis is the vibrant heart of the Twin Cities, renowned for its chain of lakes, expansive park system, and dynamic arts scene. From the bustling downtown core to charming historic neighborhoods, the city offers unparalleled urban living. It boasts world-class dining, professional sports, and a thriving economy.

Why Live in Minneapolis

Famous Chain of Lakes

World-class arts and theater districts

Extensive bike trail network

Diverse and historic neighborhoods

Minneapolis Market Snapshot

Monthly figures from the NorthstarMLS Local Market Update.

Median Sales Price

$368,000

+6.7%vs. August 2025

% of Original List Price Received

98.5%

-1 ptsvs. August 2025

Days on Market

+10.4%vs. August 2025

Closed Sales

369

-6.1%vs. August 2025

Homes for Sale

1,051

+9.4%vs. August 2025

Months Supply

3.1

+14.8%vs. August 2025

Balanced market

Supply vs. Demand Trends

Data from NorthstarMLS, Copyright ShowingTime Plus LLC, research tool provided by the Saint Paul Area Association of REALTORS®.

Minneapolis Housing Market Today

Here is where the Minneapolis market stood in August 2026. The median sale price has increased by 7% from last year to $368,000. Homes are selling 5 days longer than last year, averaging 53 days on market, and sellers are receiving 98.5% of their original asking price. The area is currently a balanced market with 3.1 months of supply. Active inventory is up 9% from last year to 1,051 homes for sale.

In a balanced market, neither side has a steep advantage, making careful pricing for sellers and steady negotiation for buyers the key to success.

In Minneapolis, homes were most commonly built in 1939 or earlier, about 48% of occupied homes are owner-occupied, and the average commute is 22 minutes. Roughly 40% of homes are single-family detached, and the median home was built in 1951.

Homeowners with a mortgage typically spend $2,128 a month on housing costs, similar to the Twin Cities metro and the median property tax bill is $4,339 a year.

Read the August 2026 Minneapolis market report

Data: NorthstarMLS Local Market Update via 10K Research, published September 12, 2026.

Minneapolis market questions

Is Minneapolis a buyer's or seller's market?

Minneapolis was a balanced market in August 2026, with 3.1 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 1,051 homes for sale.

How fast are homes selling in Minneapolis?

Homes that sold in August 2026 spent an average of 53 days on market, 5 days slower than a year earlier. Sellers received 98.5% of their original list price on average.

Are home prices going up in Minneapolis?

Yes. The median sale price rose 6.7% year over year to $368,000.

Living in Minneapolis

Housing, cost of ownership and commuting, compared with the Twin Cities metro.

In Minneapolis, homes were most commonly built in 1939 or earlier, about 48% of occupied homes are owner-occupied, and the average commute is 22 minutes.

Data: ACS 2020-2024 5-year estimates