Minnesota Home Values & Market Trends
There have been 72,716 properties sold in the Minnesota real estate market trends. Median home values in the Minnesota housing market are $325,851.48. The median residential home value for transactions over the last 12 months is 286,275.79. The State of Minnesota currently has 1,739 properties in foreclosure, 275 bank owned properties, and 1,464 headed for auction.
Minnesota Real Estate Market Overview
| County | Median Est. Value | County | Median Est. Value |
|---|---|---|---|
| Hennepin | $ 370,330 $ 196/sqft | Martin | $ 188,998 $ 97/sqft |
| Ramsey | $ 295,000 $ 189/sqft | Brown | $ 209,349 $ 93/sqft |
| Dakota | $ 385,750 $ 182/sqft | Chippewa | $ 203,465 $ 114/sqft |
| Anoka | $ 356,500 $ 181/sqft | Pope | $ 383,443 $ 229/sqft |
| Washington | $ 426,963 $ 187/sqft | Carlton | $ 320,000 $ 180/sqft |
| Olmsted | $ 321,907 $ 161/sqft | Stevens | $ 244,900 $ 129/sqft |
| Stearns | $ 313,557 $ 144/sqft | Becker | $ 343,426 $ 193/sqft |
| Scott | $ 449,900 $ 191/sqft | Beltrami | $ 201,288 $ 125/sqft |
| Wright | $ 367,794 $ 173/sqft | Nobles | $ 294,255 $ 153/sqft |
| Carver | $ 465,000 $ 190/sqft | Cottonwood | $ 182,900 $ 78/sqft |
| Crow Wing | $ 358,311 $ 182/sqft | Rock | $ 238,993 $ 119/sqft |
| St. Louis | $ 179,900 $ 117/sqft | Meeker | $ 400,000 $ 181/sqft |
| Sherburne | $ 371,284 $ 178/sqft | Swift | $ 165,900 $ 99/sqft |
| Douglas | $ 339,000 $ 166/sqft | Lac Qui Parle | $ 140,725 $ 75/sqft |
| Blue Earth | $ 360,750 $ 151/sqft | Lyon | $ 230,066 $ 97/sqft |
| Itasca | $ 269,000 $ 150/sqft | Sibley | $ 235,319 $ 118/sqft |
| Chisago | $ 398,416 $ 187/sqft | Wadena | $ 250,247 $ 125/sqft |
| Hubbard | $ 275,078 $ 157/sqft | Houston | $ 353,696 $ 184/sqft |
| Mower | $ 201,506 $ 103/sqft | Lake | $ 270,275 $ 190/sqft |
| Goodhue | $ 317,265 $ 142/sqft | Murray | $ 215,802 $ 108/sqft |
| Steele | $ 247,116 $ 129/sqft | Polk | $ 169,000 $ 90/sqft |
| Isanti | $ 280,750 $ 172/sqft | Yellow Medicine | $ 135,900 $ 91/sqft |
| Cass | $ 365,000 $ 187/sqft | Grant | $ 179,450 $ 104/sqft |
| Mille Lacs | $ 295,792 $ 167/sqft | Clay | $ 321,900 $ 143/sqft |
| Pine | $ 331,960 $ 189/sqft | Koochiching | $ 268,000 $ 117/sqft |
| Otter Tail | $ 294,614 $ 169/sqft | Renville | $ 120,018 $ 96/sqft |
| Benton | $ 299,000 $ 154/sqft | Mahnomen | $ 79,000 $ 82/sqft |
| Aitkin | $ 380,358 $ 183/sqft | Pipestone | $ 165,747 $ 94/sqft |
| Rice | $ 352,575 $ 163/sqft | Jackson | $ 149,151 $ 96/sqft |
| Freeborn | $ 157,000 $ 104/sqft | Big Stone | $ 102,054 $ 110/sqft |
| Todd | $ 204,225 $ 135/sqft | Roseau | $ 349,900 $ 125/sqft |
| Nicollet | $ 376,886 $ 130/sqft | Pennington | $ 172,262 $ 101/sqft |
| Morrison | $ 289,427 $ 142/sqft | Watonwan | $ 163,329 $ 86/sqft |
| Winona | $ 242,439 $ 111/sqft | Lincoln | $ 136,777 $ 109/sqft |
| Mcleod | $ 272,413 $ 147/sqft | Marshall | $ 175,000 $ 104/sqft |
| Kanabec | $ 246,649 $ 133/sqft | Wilkin | $ 42,657 $ 47/sqft |
| Le Sueur | $ 312,762 $ 153/sqft | Cook | $ 287,419 $ 334/sqft |
| Dodge | $ 324,550 $ 144/sqft | Clearwater | $ 323,357 $ 187/sqft |
| Faribault | $ 157,150 $ 66/sqft | Red Lake | $ 112,673 $ 51/sqft |
| Kandiyohi | $ 281,835 $ 146/sqft | Traverse | $ -- $ -- |
| Redwood | $ 164,900 $ 99/sqft | Lake Of The Woods | $ -- $ -- |
| Wabasha | $ 302,132 $ 149/sqft | Norman | $ -- $ -- |
| Fillmore | $ 186,417 $ 123/sqft | Kittson | $ -- $ -- |
| Waseca | $ 230,963 $ 124/sqft |
Housing Market Summary for Minnesota
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $335.6K | $326.8K | -2.62% |
| Median Sold Price | $322.2K | $326.8K | 1.40% |
| Homes For Sale | 6,158 | 6,240 | 1.33% |
| Homes Sold | 36,729 | 37,786 | 2.88% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Minnesota
Browse Homes in Minnesota
There are currently 6,805 properties for sale in Minnesota. The current home value ranges in price from 2,000 to 9,600,000. The total count of properties in the state is 1,892,708, and the percentage of properties for sale is 6805.00%.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Minnesota with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single county. There are 87 counties within Minnesota; of those counties, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Minnesota ranges from the highest value of $2,562,840 in Isanti to the lowest value of $32,999 in Rice. Bank owned homes and properties account for 0.01% of properties in Minnesota. There are 87 counties within Minnesota; Hennepin containing 69 REO properties, has the highest number of bank owned properties in a single county.
- AuctionsHennepin has 367 auction properties, the highest number of properties going to auction in a single county in the state of Minnesota. Auction homes and other auction properties account for 0.08% of all properties in Minnesota. There are 87 counties within Minnesota; of those counties, the median estimated home value for homes going to auction ranges from $2,212,845 in Cass to the lowest value of $43,000 in Cass.
Compare Nearby Cities
More Real Estate Resources for Minnesota
Guide for Minnesota
Overview of the real estate trends in Saint Paul over the past year, analyzing various aspects like sale prices, property values, market activity, and market dynamics on a monthly basis, discussing influences such as economic conditions, interest rates, seasonal changes, and local employment levels.
The article provides a comprehensive analysis of real estate market trends in Minneapolis and its surrounding cities, highlighting various shifts in property values and sales. The observations reflect a diverse and dynamic market catering to varying buyer preferences and budgets.
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.
