2026 Market Report & Data · Data through September 2026 · Source: Redfin
$353K
Median Price
37
Days on Market
3.0
Months Supply
-0.6%
YoY Change
Balanced Market
Market Type
44
cities with 6+ months supply
150
cities with 3-6 months supply
203
cities with <3 months supply
Ranked by lowest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Funkley | $12K | 81d |
| 2. Manchester | $15K | 13d |
| 3. Boy River | $18K | 32d |
| 4. Glenville | $30K | 203d |
| 5. Garfield | $41K | 37d |
| 6. Myrtle | $42K | 546d |
| 7. Evan | $46K | 264d |
| 8. Warba | $50K | 20d |
| 9. Evansville | $60K | 8d |
| 10. Ball Club | $60K | 86d |
Ranked by highest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Greenwood | $3.60M | 46d |
| 2. Minnetonka Beach | $2.64M | 97d |
| 3. Tonka Bay | $2.28M | 38d |
| 4. East Gull Lake | $2.02M | 57d |
| 5. Woodland | $1.77M | 26d |
| 6. Whipholt | $1.67M | 7d |
| 7. Medicine Lake | $1.53M | 69d |
| 8. Wayzata | $1.50M | 36d |
| 9. South Haven | $1.27M | 22d |
| 10. Deephaven | $1.26M | 47d |
44 cities have more than 6 months of inventory — buyers can negotiate.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. Brownton | 28.9 mo | $217K | 142d |
| 2. Deerwood | 25.7 mo | $330K | 19d |
| 3. Sherburn | 25.7 mo | $234K | 33d |
| 4. Trimont | 25.7 mo | $150K | 311d |
| 5. Mabel | 22.5 mo | $180K | 85d |
| 6. Rothsay | 16.1 mo | $270K | 56d |
| 7. Cleveland | 12.9 mo | $267K | 47d |
| 8. Glenville | 12.9 mo | $30K | 203d |
| 9. Lake Lillian | 12.9 mo | $204K | 70d |
| 10. Vergas | 12.9 mo | $349K | 113d |
203 cities have less than 3 months of inventory — sellers have the advantage.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. Braham | 0.2 mo | $274K | 21d |
| 2. Adams | 0.5 mo | $267K | 14d |
| 3. West Concord | 0.5 mo | $204K | 29d |
| 4. Clarks Grove | 0.6 mo | $166K | 21d |
| 5. Cottonwood | 0.6 mo | $185K | 11d |
| 6. Houston | 0.6 mo | $155K | 31d |
| 7. Dodge Center | 0.7 mo | $245K | 35d |
| 8. New York Mills | 0.7 mo | $180K | 22d |
| 9. Dover | 0.8 mo | $310K | 14d |
| 10. Lake St. Croix Beach | 0.8 mo | $385K | 30d |
Cities where homes sell fastest, ranked by lowest median days on market.
| City | Days on Market | Median Price |
|---|---|---|
| 1. Roscoe | 1d | $285K |
| 2. Dresbach | 2d | $270K |
| 3. Lakeland Shores | 2d | $480K |
| 4. Elizabeth | 3d | $245K |
| 5. Gilman | 4d | $245K |
| 6. Lismore | 4d | $135K |
| 7. Plato | 4d | $190K |
| 8. Zemple | 4d | $85K |
| 9. Cobden | 5d | $75K |
| 10. Utica | 5d | $260K |
Cities with the largest year-over-year price gains. Appreciation can signal momentum, but also affordability pressure.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Minnetonka Beach | +88.7% | $2.64M |
| 2. Truman | +80.9% | $174K |
| 3. Springfield | +63.5% | $193K |
| 4. Excelsior | +56.9% | $1.25M |
| 5. Wayzata | +49.9% | $1.50M |
| 6. St Charles | +43.8% | $410K |
| 7. Melrose | +38.0% | $315K |
| 8. Newport | +37.3% | $508K |
| 9. Grand Meadow | +36.5% | $285K |
| 10. Caledonia | +35.7% | $290K |
Cities with year-over-year price declines. These can be buying opportunities — or signals of softening demand.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Crosslake | -40.0% | $420K |
| 2. Hackensack | -36.8% | $385K |
| 3. Lake Shore | -30.8% | $640K |
| 4. Bayport | -27.4% | $442K |
| 5. Cohasset | -27.1% | $506K |
| 6. Tracy | -26.1% | $134K |
| 7. Osakis | -26.1% | $201K |
| 8. Harris | -23.7% | $242K |
| 9. Waterville | -23.4% | $190K |
| 10. Rushford | -22.2% | $215K |
The Minnesota housing market currently shows balanced market conditions, with a median sale price of $353K and 3.0 months of inventory supply. Homes in Minnesota typically sell in 37 days.
Whether you're buying or selling in Minnesota, working with a local real estate agent who understands these market dynamics can help you achieve the best outcome. Our network of verified agents across Minnesota provides expert guidance tailored to your specific city and neighborhood.
Minnesota is currently classified as a balanced market based on months of supply data. The market is relatively balanced, offering fair conditions for both buyers and sellers. Market conditions vary by city, so check local data for your specific area.
The median home price in Minnesota is approximately $353K as of September 2026. Prices range significantly across the state, with Greenwood among the most expensive areas and Funkley offering more affordable options. Work with a local real estate agent for the most current pricing in your target neighborhoods.
Selling timelines in Minnesota vary by city and market conditions. The fastest-selling markets include Roscoe with a median of 1 days on market. Factors like pricing strategy, home condition, location, and seasonality all affect how quickly a home sells. A skilled listing agent can help price and market your home for a faster sale.
Whether to buy in Minnesota depends on your personal finances, timeline, and target market. Balanced conditions offer a fair environment for well-prepared buyers. Consider factors like mortgage rates, your job stability, how long you plan to stay, and local price trends. Consult with a local real estate agent who can advise on specific neighborhoods.
Start by researching agents with proven experience in your target Minnesota market. Look for agents with strong local transaction history, positive client reviews, and expertise in your price range. Interview at least 2-3 agents before choosing. Ask about their recent sales, marketing strategy, and communication style. Our directory features verified agents across Minnesota to help you find the right match.