Minnesota Housing Market
Cool MarketHousing market data and trends for Minnesota. Track median prices, inventory, days on market, and competition metrics for real estate investors.
Data period: January 2026
Median Sale Price
$344K
– 0.0% YoY
Days on Market
58 days
↑ 7.4% YoY
Active Inventory
10,178
– 0.0% YoY
Homes Sold
2,900
↓ 15.5% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Minnesota Market Summary
The Minnesota housing market is cooling down. As of January 2026, the median home sale price is $344K, down 0.0% year-over-year. Homes are spending a median of 58 days on the market, 7.4% longer than a year ago.
There are 10,178 homes for sale — 0.0% fewer than last year. With 3.5 months of supply, this is a seller's market. 3,712 new listings were added during this period, down 10.2% year-over-year.
Homes are selling for 98.0% of their list price on average, suggesting room for negotiation. 21.5% of homes sell above their asking price. 23.1% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
68
Contributing Factors
How This Market Compares
vs. National Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 19% below the national median, which could indicate stronger cash flow potential.
Minnesota Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Sale-to-List Ratio
Listings with Price Drops
Detailed Market Metrics
Median List Price
$363K
Price per Sq Ft
$180
Sale-to-List Ratio
98.0%
Months of Supply
3.5
Sold Above List
21.5%
Price Drops
23.1%
New Listings
3,712
↓ 10.2% YoY
Pending Sales
3,423
Metro Areas in Minnesota
Minneapolis, MN metro area
$375K median
53 days
on market
Rochester, MN metro area
$347K median
63 days
on market
St. Cloud, MN metro area
$295K median
66 days
on market
Brainerd, MN metro area
$317K median
66 days
on market
Austin, MN metro area
$193K median
72 days
on market
Fergus Falls, MN metro area
$345K median
95 days
on market
Albert Lea, MN metro area
$168K median
46 days
on market
Faribault, MN metro area
$325K median
44 days
on market
Red Wing, MN metro area
$262K median
49 days
on market
Winona, MN metro area
$215K median
71 days
on market
Grand Rapids, MN metro area
$236K median
65 days
on market
Willmar, MN metro area
$270K median
48 days
on market
Owatonna, MN metro area
$261K median
99 days
on market
Hutchinson, MN metro area
$275K median
51 days
on market
Alexandria, MN metro area
$300K median
29 days
on market
Bemidji, MN metro area
$275K median
107 days
on market
Marshall, MN metro area
$190K median
56 days
on market
Worthington, MN metro area
$303K median
22 days
on market
Fairmont, MN metro area
$172K median
30 days
on market
New Ulm, MN metro area
$175K median
22 days
on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.