Minneapolis Real Estate Market Report: July 2026
In July 2026, the median sale price in Minneapolis was $375,000, up 5.9% from a year earlier.
- Median Sales Price
- $375,000
- +5.9% vs. July 2025
- Homes for Sale
- 1,037
- +6.9% vs. July 2025
- Months Supply
- 3.1
- +10.7% vs. July 2025
- Balanced market
- Days on Market
- 43
- -2.3% vs. July 2025
- Closed Sales
- 475
- +16.7% vs. July 2025
- Percent of Original List Received
- 99.7%
- -0.5 pts vs. July 2025
What this means
The median sale price has increased by 6% from last year to $375,000, and a similar trend in price per square foot suggests this is a real move in values rather than a change in the mix of homes selling.
Homes are selling 1 day more quickly than last year, averaging 43 days on market, and sellers are receiving 99.7% of their original asking price.
The area is currently a balanced market with 3.1 months of supply. Active inventory is up 7% from last year to 1,037 homes for sale.
In a balanced market, neither side has a steep advantage, making careful pricing for sellers and steady negotiation for buyers the key to success.
Common questions about the Minneapolis market
Is Minneapolis a buyer's or seller's market?
Minneapolis was a balanced market in July 2026, with 3.1 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 1,037 homes for sale.
How fast are homes selling in Minneapolis?
Homes that sold in July 2026 spent an average of 43 days on market, 1 day faster than a year earlier. Sellers received 99.7% of their original list price on average.
Are home prices going up in Minneapolis?
Yes. The median sale price rose 5.9% year over year to $375,000. Price per square foot moved in the same direction (from $256 to $266), which suggests a real change in values rather than a shift in the mix of homes sold.
Market trends in Minneapolis
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| August 2024 | $335,000 | 389 | 51 | 2.9 |
| September 2024 | $315,000 | 321 | 43 | 3.1 |
| October 2024 | $325,000 | 342 | 55 | 3 |
| November 2024 | $335,000 | 318 | 60 | 2.5 |
| December 2024 | $311,750 | 336 | 58 | 2 |
| January 2025 | $315,000 | 230 | 75 | 2.1 |
| February 2025 | $336,250 | 220 | 81 | 2.2 |
| March 2025 | $330,000 | 325 | 71 | 2.3 |
| April 2025 | $353,000 | 374 | 54 | 2.6 |
| May 2025 | $380,000 | 452 | 50 | 2.8 |
| June 2025 | $349,000 | 465 | 45 | 2.7 |
| July 2025 | $354,000 | 407 | 44 | 2.8 |
| August 2025 | $345,000 | 393 | 48 | 2.7 |
| September 2025 | $350,000 | 337 | 50 | 2.8 |
| October 2025 | $333,000 | 336 | 50 | 2.7 |
| November 2025 | $335,850 | 271 | 54 | 2.4 |
| December 2025 | $340,000 | 261 | 63 | 1.8 |
| January 2026 | $319,000 | 157 | 64 | 1.9 |
| February 2026 | $317,250 | 180 | 73 | 2.2 |
| March 2026 | $355,500 | 276 | 55 | 2.5 |
| April 2026 | $350,000 | 347 | 62 | 2.9 |
| May 2026 | $370,000 | 445 | 50 | 3.2 |
| June 2026 | $370,000 | 506 | 49 | 3.1 |
| July 2026 | $375,000 | 475 | 43 | 3.1 |
How Minneapolis compares with the Twin Cities region
In July 2026, the median sale price in Twin Cities (16-County Region) was $408,000, up 3.3% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
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