What is the typical home value in Minneapolis - MN?

The typical home in Minneapolis - MN, MN is worth $386,374 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by +1.9%.

How long do homes stay on the market in Minneapolis - MN?

The median days to pending (time on market before a sale) in Minneapolis - MN is currently 32 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Minneapolis - MN?

17.8% of active listings in Minneapolis - MN have had a price reduction. This is a signal of softening seller expectations relative to buyer demand.

Is Minneapolis - MN a buyer's or seller's market?

Based on days-on-market, price-cut share, and year-over-year appreciation, Minneapolis - MN is currently a balanced market. Buyers should watch days-on-market and price-cut trends monthly.

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MN · Metro #16

Minneapolis - MN housing market

Current home values, days on market, and price-cut activity for the Minneapolis - MN metro. Data refreshed from Zillow Research monthly.

Typical home value

$386,374

+1.9% vs. year ago

Median list price

$368,000

Days on market

32.0d

Listings w/ price cut

17.8%

Context

How to read this data

The typical home value ($386,374) is the Zillow Home Value Index for the Minneapolis - MN metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.9% over the past year. In Minneapolis - MN, that means a home worth $379,170 last year is now worth roughly $386,374.

Homes listed in Minneapolis - MN sit on the market for roughly 32.0 days before going pending. Shorter = seller's market; longer = buyer's market.

About 17.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.