Photo: BpA9543 · CC BY-SA 4.04,452 homes sold in Minneapolis in the last year, at a typical $350K
About one sale in 5 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Minneapolis homes are listed.
Every place Minneapolis homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Minneapolis.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
17% of Minneapolis’ sales are condos, at $108K less than a house
3096 houses and 756 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 3096 sold in 12 months
- Per square foot
- $240MN $191
- Days to sell
- 19
- Sold over asking
- 50%
- Listings with a price cut
- 30%
typical sale · 756 sold in 12 months
- Per square foot
- $252MN $205
- Days to sell
- 76
- Sold over asking
- 13%
- Listings with a price cut
- 23%
Multi-family (2–4 units): 427 sold, typical $406K
Townhouses: 174 sold, typical $334K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.5 times the 2016 price
4,452 sales in the last year, against 7,609 in 2021 and a low of 4,668 in 2025. The typical sale went from $231K in 2016 to $350K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in Minneapolis
Check a listing against what Minneapolis homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Minneapolis are back to pre-pandemic levels, with about as many homes for sale
We read every month of Minneapolis’ home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 4,452 sales.
If you’re buying in Minneapolis
- Shop in September. It brings about 663 new listings a month, close to the busiest month, with fewer bidding wars (41% over asking).
- Some room to negotiate. 27% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 100.3% of the list price on average; 41% paid over.
- Move fast on good ones. 45% of homes are under contract within two weeks.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 794 a month), but June is the most competitive: 50% of June sales close over asking. August and September offer nearly as much choice with fewer homes bid up (42%). January has the least competition (28%) but only about 360 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than Minnesota
| Minneapolis now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 41% | 42% | 48% | 33% |
| Gone within two weeksShare of homes under contract within 14 days | 45% | 52% | 48% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | 27% | 28% | 31% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 100.3% | 100.4% | 101.4% | 99.2% |
| Days to sellMedian days from listing to contract | 26 | 26 | 23 | 35 |
992 homes for sale on a typical day
That’s 1.2 times the 2023 low (833), about the 2017–19 level and well under 2012’s 2189.
1 in 4 listings has cut its price
27% in the last year, against 28% in 2017–19 and 28% across Minnesota.
Since 2019, houses are up 28%, condos -11%
A house typically sold for $359K in the last year (3096 sales), a condo for $252K (756).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Minneapolis ranks 33rd of 144 busy Minnesota markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Minneapolis is one of the state’s hottest markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Minneapolis home costs about $2,175 a month
Price: Minneapolis’ typical sale, last 12 months. Property tax at Minneapolis’ 1.2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Minneapolis is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 210.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $350K home, about $4,200 a year.
Taxes vs. neighborsSchools
The schools grade for Minneapolis, from test results, graduation and how much students grow.
Schools in MinneapolisTypical commute
The average one-way trip to work for people who live in Minneapolis.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Lauderdale, Golden Valley, Falcon Heights, Robbinsdale and St. Anthony sell for less a square foot
The busier markets within 25 miles of Minneapolis, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Minneapolis | 4,452 | $350K | $233 | 41% | 26 |
| St. Louis Park | 751 | $396K | $236 | 39% | 26 |
| Golden Valley | 285 | $465K | $214 | 40% | 22 |
| Robbinsdale | 196 | $330K | $197 | 56% | 19 |
| St. Anthony | 96 | $355K | $193 | 31% | 37 |
| Falcon Heights | 39 | $401K | $218 | 62% | 44 |
| Lauderdale | 27 | $310K | $203 | 41% | 19 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Minneapolis, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Minneapolis. People who follow the town see it, and so do people comparing Minneapolis with their own town. No commission, no listing fee.
Questions about buying a home in Minneapolis
What do homes sell for in Minneapolis, MN?
4,452 homes sold in the year to May 2026 at a typical $350K, $233 a square foot. Houses sold for about $359K, condos for about $252K.
Is Minneapolis a buyer’s or seller’s market?
A seller’s market: 1117 homes were for sale in May 2026 and 478 sold, about 2.3 months of supply. Buyers paid 100.3% of asking on average, and 27% of listings cut their price.
When is the best time to buy in Minneapolis?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Minneapolis?
About 1.2% of a home’s value a year. On a $350K home that’s near $4,200.
Where can I see homes for sale in Minneapolis?
Zillow, Redfin, Realtor.com and Homes.com all carry Minneapolis’ MLS listings; the search links above open each one filtered to Minneapolis.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).