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Minnesota Real Estate

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Source: Realtor.com Economic Research, state-level data for September 2026. Market data is updated periodically and deemed reliable but not guaranteed.

About Minnesota real estate

Minnesota's market is anchored by the Twin Cities suburbs, where Fortune 500 employment helps create steady demand.

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Expert take: Twin Cities metro is steady. The most in-demand suburbs move quickly. Rochester benefits from Mayo Clinic stability. Lake country runs hot for second-home buyers in summer.

By the Numbers

  • $379,900Median listing price statewide
  • 13Active MN REALTORS® on this network
  • 5.74 millionPopulation
  • St. PaulCapital
  • eXp Realty MinnesotaBrokerage

Minnesota market snapshot: September 2026

Source: Realtor.com Economic Research, state-level data for September 2026. Market data is updated periodically and deemed reliable but not guaranteed.

  • Median listing price$379,900-2.3% YoY
  • Days on market47median
  • Active listings19,000+on market
  • YoY price change-2.3%12-month

Minnesota through experienced eyes

Find a Home Network Perspective Authored by the Find a Home Network.

What makes Minnesota different.

Minnesota has more shoreline than California, Florida, and Hawaii combined (when counting all the lakes).

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Property taxes are above the national average, but Minnesota offers a homestead credit for primary residences.

Current conditions.

Minnesota's median listing price is $379,900, with homes taking a median 47 days to sell and 19,000+ active listings. Read Minnesota by metro, not by state.

The single biggest trend.

Twin Cities metro is steady. The most in-demand suburbs move quickly. Rochester benefits from Mayo Clinic stability. Lake country runs hot for second-home buyers in summer.

Where to look in Minnesota

  • Minneapolis-St. Paul-Bloomington

    Twin Cities. Fortune 500 concentration (Target, UnitedHealth, 3M). Submarkets: Edina and Wayzata top end, Lakeville and Woodbury suburbs.

  • Duluth

    Lake Superior port city. Cooler climate, lower price point.

  • Rochester

    Mayo Clinic anchor. Healthcare economy.

  • St. Cloud

    Central Minnesota. Manufacturing.

Schools & Education

Twin Cities suburban school districts include Edina, Minnetonka, Wayzata, and Eden Prairie.

Climate & Weather

Humid continental. Hot, humid summers. Long, very cold winters with significant snow. Below-zero stretches in January are normal.

Questions buyers and sellers ask us most

How much do I need for a down payment in Minnesota?

For conventional loans, 20% down on the Minnesota median of $379,900 would be $75,980. Most Minnesota buyers close with 3-5% down via conventional, FHA (3.5% down), or VA (0% for eligible service members). Check with a local lender.

What is the best time of year to buy a home in Minnesota?

Late summer through early fall is historically the most favorable buyer window across most US markets, and Minnesota follows this pattern. Spring has the most inventory but the most competition. Winter has the least of both.

Can I buy a home in Minnesota without seeing it in person?

Yes. A local REALTOR® running video walkthroughs, paired with a thorough inspection contingency, makes a remote purchase manageable. Most Minnesota agents are comfortable with this workflow.

How long does it take to close on a home in Minnesota?

30-45 days is typical for a financed purchase, and 14-21 days is achievable for cash. The bottleneck is usually appraisal and lender underwriting, not title work.

Guidance That Moves You Forward

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