MONEY GLOBE XMinneapolis, MN housing market: home values, sales and rents
The typical home value in the Minneapolis, MN metro area was $387,807 in September 2026, up 1.7% over a year and up 10.8% over five years. Across the United States the typical value was $366,157 (up 1.2% over a year). Homes sold at 100.0% of their asking price, with 3.2 months of supply on the market. Typical rent was $1,736 a month. Our simple reading of these numbers: balanced market.
Updated November 04, 2026.
Reading: Balanced market
The numbers
| Measure | Latest | 1-year change | As of |
|---|---|---|---|
| Typical home value | $387,807 | +1.7% | September 2026 |
| Typical value — lower-priced third | $275,512 | +1.4% | September 2026 |
| Typical value — higher-priced third | $591,154 | +1.9% | September 2026 |
| Median sale price | $385,000 | +1.3% | August 2026 |
| Median list price | $388,825 | +2.3% | September 2026 |
| Sale price vs asking price | 100.0% | no change | August 2026 |
| Homes sold above asking | 38% | -2.4 pts | August 2026 |
| Homes sold (month) | 4,287 | +2.1% | September 2026 |
| New listings (month) | 4,181 | +1.8% | September 2026 |
| Homes for sale | 13,804 | +16.8% | September 2026 |
| Months of supply | 3.2 months | +0.4 | September 2026 |
| Sales-to-new-listings ratio | 103% | +0.3 pts | September 2026 |
| Days to an accepted offer (median) | 30 days | +5.0 | September 2026 |
| Typical rent (all homes) | $1,736 | +3.5% | September 2026 |
| Zillow market heat index buyer's market on Zillow's scale (0–100) | 32 | -8.0 | September 2026 |
Typical home value (Zillow Home Value Index)
What the numbers say
- Zillow market heat index 32 of 100: buyer's market on Zillow's scale (0–100).
- 3.2 months of supply: normal (3 to 6).
- The typical home sells at 100.0% of its asking price.
- Homes sold equal 103% of new listings this month, slower than this city's usual pace (118% on average since 2018).
- Typical home value up 1.7% over a year.
Source: Zillow Research (zillow.com/research/data).
Metro-area statistics from Zillow Research. The sales-to-new-listings ratio and months of supply are calculated by Money Globe X from Zillow's counts of homes sold, new listings and homes for sale.
Statistics for information and education only — not real estate, financial or investment advice. Figures are monthly or yearly averages for a whole metro area; a single home or neighbourhood can differ a lot.
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Updated November 04, 2026. Sources: Zillow Research. Educational information only - not financial advice.