Minnesota Housing Market 2026: Prices, Sales & Trends
What homes actually sell for in Minnesota: a median closed sale price of $369,000 across 45,086 closings Resideline tracked over the last six months, plus the state's largest markets by volume.
Minnesota's median closed sale price is $369,000, measured across 45,086 closings Resideline tracked statewide over the last six months, as of October 2026. These are closings we track directly, a measured sample rather than a complete state record, which is why we can show the detail below at all. A statewide median hides how far apart Minnesota's markets sit. Among its highest-volume markets, Lakeville carries the highest median and Duluth the lowest. That gap is the reason a state figure belongs in a market briefing rather than in an offer: it describes the middle of the distribution, not a price you can underwrite against.
Minnesota's largest markets by closing volume
| Market | Closings tracked, last 6 months | Median closed sale |
|---|---|---|
| Minneapolis | 3,165 | $358,000 |
| Saint Paul | 1,803 | $305,000 |
| Rochester | 1,112 | $350,000 |
| Duluth | 790 | $290,000 |
| Maple Grove | 722 | $435,345 |
| Plymouth | 656 | $514,500 |
| Lakeville | 616 | $534,000 |
| Woodbury | 610 | $465,000 |
| Bloomington | 576 | $373,950 |
| Eden Prairie | 513 | $510,000 |
Volume matters as much as price here. Higher transaction volume generally provides more potential comparable sales, although the usable set for a specific property still depends on property type, size, condition, location and recency.
Rankings for Minnesota: best places to buy rental property in Minnesota ranks cities by asking rental yield from tracked sales and rental listings, cheapest cities to buy a house in Minnesota adds each city's price per square foot for houses, realized appreciation and days to contract, and Cap Rate by City ranks the Minnesota cities Resideline tracks by gross rental yield.
More Minnesota research: housing market reports for Oakdale, Crystal, and Elk River.
More Minnesota city reports: Burnsville · Chanhassen · Edina · Golden Valley · Hugo · Minnetonka · Prior Lake · Rosemount · Roseville · Shoreview · White Bear Lake.
Figures last updated October 4, 2026 from closings Resideline tracked.
How to price a specific Minnesota property
Work from the closings, not from the state number. Start with sales of the same property type inside a tight radius, match size and condition before you widen anything, and treat the figures above as a sanity check on the answer rather than as the answer. A statewide median is useful for spotting which markets deserve attention; it will mis-price an individual address in either direction.
Run any Minnesota address through Resideline and you will get the local comparable set and the property's value together, in one report.
Frequently Asked Questions
What is the median home price in Minnesota?
The median closed sale price in Minnesota is $369,000, measured across 45,086 closings Resideline tracked statewide over the last six months as of October 2026.
Which Minnesota markets are most and least expensive?
Among the Minnesota markets we track with the most closings, Lakeville has the highest median closed sale at $534,000 and Duluth the lowest at $290,000. Both are measured from closings Resideline tracked over the last six months.
What could a property in Minnesota be worth?
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