Minneapolis Real Estate Market Report: April 2026
In April 2026, the median sale price in Minneapolis was $350,000, down 0.8% from a year earlier.
- Median Sales Price
- $350,000
- -0.8% vs. April 2025
- Homes for Sale
- 955
- +6.6% vs. April 2025
- Months Supply
- 2.9
- +11.5% vs. April 2025
- Seller's market
- Days on Market
- 62
- +14.8% vs. April 2025
- Closed Sales
- 347
- -7.2% vs. April 2025
- Percent of Original List Received
- 100%
- -0.4 pts vs. April 2025
What this means
Home values are holding steady within one percent of last year, with a median sale price of $350,000.
Homes are selling 8 days longer than last year, averaging 62 days on market, and sellers are receiving 100% of their original asking price.
The area is currently a seller's market with 2.9 months of supply. Active inventory is up 7% from last year to 955 homes for sale.
In this seller's market, buyers should be prepared to act quickly, while sellers can generally expect strong interest if priced correctly.
Common questions about the Minneapolis market
Is Minneapolis a buyer's or seller's market?
Minneapolis was a seller's market in April 2026, with 2.9 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 955 homes for sale.
How fast are homes selling in Minneapolis?
Homes that sold in April 2026 spent an average of 62 days on market, 8 days slower than a year earlier. Sellers received 100% of their original list price on average.
Are home prices going up in Minneapolis?
No. The median sale price fell 0.8% year over year to $350,000. Price per square foot moved the other way (from $251 to $254), which suggests the change mostly reflects the mix of homes sold.
Market trends in Minneapolis
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| August 2024 | $335,000 | 389 | 51 | 2.9 |
| September 2024 | $315,000 | 321 | 43 | 3.1 |
| October 2024 | $325,000 | 342 | 55 | 3 |
| November 2024 | $335,000 | 318 | 60 | 2.5 |
| December 2024 | $311,750 | 336 | 58 | 2 |
| January 2025 | $315,000 | 230 | 75 | 2.1 |
| February 2025 | $336,250 | 220 | 81 | 2.2 |
| March 2025 | $330,000 | 325 | 71 | 2.3 |
| April 2025 | $353,000 | 374 | 54 | 2.6 |
| May 2025 | $380,000 | 452 | 50 | 2.8 |
| June 2025 | $349,000 | 465 | 45 | 2.7 |
| July 2025 | $354,000 | 407 | 44 | 2.8 |
| August 2025 | $345,000 | 393 | 48 | 2.7 |
| September 2025 | $350,000 | 337 | 50 | 2.8 |
| October 2025 | $333,000 | 336 | 50 | 2.7 |
| November 2025 | $335,850 | 271 | 54 | 2.4 |
| December 2025 | $340,000 | 261 | 63 | 1.8 |
| January 2026 | $319,000 | 157 | 64 | 1.9 |
| February 2026 | $317,250 | 180 | 73 | 2.2 |
| March 2026 | $355,500 | 276 | 55 | 2.5 |
| April 2026 | $350,000 | 347 | 62 | 2.9 |
How Minneapolis compares with the Twin Cities region
In April 2026, the median sale price in Twin Cities (16-County Region) was $392,000, down 2.0% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
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