The Minneapolis housing market is very competitive. Homes in Minneapolis receive 3 offers on average and sell in around 20 days. The median sale price of a home in Minneapolis was $361K last month, up 7.3% since last year. The median sale price per square foot in Minneapolis is $222, up 2.3% since last year.
What is the housing market like in Minneapolis today?
In April 2024, Minneapolis home prices were up 7.3% compared to last year, selling for a median price of $361K. On average, homes in Minneapolis sell after 20 days on the market compared to 20 days last year. There were 460 homes sold in April this year, up from 413 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$360,500
+7.3% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Minneapolis, MN
$360,500
+7.3%
United States
To compare other locations to the Minneapolis and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Minneapolis's median sale price is 14% lower than the national average. Overall cost of living in Minneapolis is 6% lower than the national average. Learn which home features in Minneapolis add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Minneapolis housing market?
Minneapolis is very competitive. Homes sell in 23 days.
0
100
70
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 23 days.
Hot homes
can sell for about 4% above list price and go pending in around 9 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Minneapolis
Explore recent offers and recently sold homes in Minneapolis
Recent offers
Offer Not Accepted|
9 Weeks Ago
~$600K Offer
Sold for $600K
3bd | 1.75ba | —sqft
Over List Price
0%
Days on Market
3
Competing Offers
5
Down Payment
~60%
Kelly Cofer
Minneapolis Redfin Agent
$30K in appraisal gap coverage, nonrefundable earnest money
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Minneapolis housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Minneapolis.
Risk Factor
Flood Factor - Major
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Minneapolis has a major risk of flooding. 4,907 properties in Minneapolis are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in Minneapolis. Flood risk is increasing faster than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Minneapolis has a minor risk of wildfire. There are 211 properties in Minneapolis that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Minneapolis.
Minneapolis has minimal risk of severe winds over the next 30 years
Wind Factor
Minneapolis has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.