Homes for Sale in Minneapolis, MN

Here is where the Minneapolis market stood in September 2026. Home values are holding steady within one percent of last year, with a median sale price of $350,750. Homes are selling 5 days longer than last year, averaging 55 days on market, and sellers are receiving 97.4% of their original asking price. The area is currently a balanced market with 3.4 months of supply. Active inventory is up 11% from last year to 1,136 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.