Local home value data · Minneapolis, MN
What's my home worth in Minneapolis, MN?
Minneapolis combines relatively moderate prices for a major metro with some of the faster-moving listings in the Midwest, and recent numbers show both prices and competition holding firm.
Is Minneapolis a buyer's or seller's market?
Leaning seller's. Redfin rates Minneapolis 79/100 (very competitive), based on how quickly homes sell, how often they get multiple offers, and how close they sell to list price.
What this means if you're selling in Minneapolis
A median sale price of $375,000, up 5.6% year-over-year, shows healthy appreciation. Homes in Minneapolis average about 23 days on market, a few days slower than 20 a year ago, but listings still attract around three offers and the Compete Score is 79. Sellers hold the advantage, and buyers should be ready with strong offers on well-priced homes.
How Minneapolis compares
Minneapolis's median sale price sits 7% below the U.S. median.
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Is Minneapolis a buyer's or seller's market right now?
Minneapolis favors sellers. Redfin gives it a Compete Score of 79 out of 100, homes sell in about 23 days, and the average listing receives around three offers.
How much have Minneapolis home prices risen?
The median sale price was about $375,000 for the three months ending August 2026, up 5.6% from a year earlier.
How accurate is the Minneapolis median price for my neighborhood?
The $375,000 median covers many neighborhoods and housing types, so a specific area can be quite different. Request a free home value report, reviewed by a local agent, for an estimate based on comparable nearby sales.
Home values in nearby markets
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Market data (median sale price, year-over-year change, days on market, and buyer competition) sourced from Redfin, trailing 3-month data as of August 2026. Figures are approximate, change frequently, and are not a substitute for a formal appraisal or a local agent's comparative market analysis. Read more about how home value estimates work.