Market Intelligence · MN
Minnesota home prices and housing market.
Real market data across 10 cities and 97 ZIP markets in MN. The typical home is worth about $298K.
Updated September 2026Typical value$298K
The typical home value in Minnesota is $298K as of September 2026, up 4.1% from a year ago, based on the Zillow Home Value Index. In the typical Minnesota ZIP code, the median list price is $345K and homes spend a median of 54 days on market as of September 2026 (Realtor.com).
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Prices over time
Minnesota home prices over time
Typical home values in Minnesota are up 4.1% over the past year, from $286K in September 2025 to $298K in September 2026.
| Month | Typical value | 1-yr change |
|---|---|---|
| September 2026 | $298,219 | +4.1% |
| September 2025 | $286,482 | No prior year |
Typical value is the median Zillow Home Value Index across Minnesota ZIP codes, taken in September of each year so every row compares the same month.
Market balance
Is Minnesota a buyer's or seller's market?
Minnesota leans toward a seller's market.
Relatively few listings have cut their asking price, which usually gives sellers the stronger position.
Based on a median of 54 days on market and 12% of listings with a price cut in the typical Minnesota ZIP code, and 7,262 new listings against 19,522 active listings across Minnesota, as of September 2026 (Realtor.com).
The outlook
Minnesota housing market forecast 2027
+2.5%
Weighted average of Zillow's ZIP forecasts, 12 months to September 2027
A weighted average of Zillow's ZIP forecasts, across 545 Minnesota ZIP codes, points to typical home values rising 2.5% by September 2027.
Over the 12 months through September 2026, typical home values in Minnesota rose 4.0%, per the Zillow Home Value Index.
Will home prices drop in Minnesota?
The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Minnesota shows typical home values rising 2.5% by September 2027, after a 4.0% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.
How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 545 Minnesota ZIP codes have both figures.
Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.
Market board
Which Minnesota markets have the highest home values?
As of September 2026
- 1Eden Prairie, MN$486,035Up2.5%3 ZIP markets; open the Eden Prairie, MN market page
- 2Inver Grove Heights, MN$442,211Up1.4%2 ZIP markets; open the Inver Grove Heights, MN market page
- 3Darwin, MN$383,853Up9.2%1 ZIP market; open the Darwin, MN market page
- 4St. Paul, MN$365,126Up1.9%29 ZIP markets; open the St. Paul, MN market page
- 5Minneapolis, MN$342,662Down0.1%48 ZIP markets; open the Minneapolis, MN market page
- 6Duluth, MN$322,930Up4.5%10 ZIP markets; open the Duluth, MN market page
- 7Silver Lake, MN$306,123Flat0.0%1 ZIP market; open the Silver Lake, MN market page
- 8Finland, MN$236,097Up4.4%1 ZIP market; open the Finland, MN market page
- 9Forbes, MN$193,879Up5.3%1 ZIP market; open the Forbes, MN market page
- 10Oslo, MN$173,808Up5.8%1 ZIP market; open the Oslo, MN market page
Typical value is the median Zillow home value (ZHVI) across each city's ZIP codes, as of September 2026. 1-yr change compares that median to the same ZIPs a year earlier. More MN markets publish as their data clears editorial QA.
Zillow ZHVI, September 2026
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Common questions
Questions about Minnesota home prices.
What is the typical home price in Minnesota?
The typical home price in Minnesota is about $298K as of September 2026, based on the Zillow Home Value Index (the median of the index across Minnesota ZIP codes). In the typical Minnesota ZIP code, the median list price is $345K as of September 2026 (Realtor.com), which reflects what sellers are asking rather than what homes sell for.
Are home prices going up or down in Minnesota?
Typical home values in Minnesota are up 4.1% over the past year, based on the Zillow Home Value Index as of September 2026.
Is Minnesota a buyer's or seller's market?
Minnesota leans toward a seller's market. Relatively few listings have cut their asking price, which usually gives sellers the stronger position. Based on a median of 54 days on market and 12% of listings with a price cut in the typical Minnesota ZIP code, and 7,262 new listings against 19,522 active listings across Minnesota, as of September 2026 (Realtor.com).
How long do homes take to sell in Minnesota?
In the typical Minnesota ZIP code, homes spend a median of 54 days on market as of September 2026, based on Realtor.com listing data. Pricing and condition decide how fast any one home sells, so treat the median as a benchmark rather than a promise.
The market is moving