Minneapolis, MN metro area Housing Market Brief
metro · MN · as of August 2026
What is Minneapolis, MN metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Minneapolis, MN metro area in its market cycle?
Minneapolis, MN metro area is classified as Emerging — early in its cycle, with scores climbing from a low base. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Minneapolis, MN metro area?
Our model forecasts Minneapolis, MN metro area’s home prices to rise about 3.8% over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Minneapolis, MN metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $409K | ▲ +3.5% |
| Median Days on Market | 38 days | 0% |
| Months of Supply | 2.5 | 0% |
| Homes for Sale | 9,768 | ▲ +5.5% |
| Homes Sold | 3,989 | ▲ +3.4% |
| Median Price / Sq Ft | $202 | ▲ +1.9% |
How has Minneapolis, MN metro area’s Alpha Score moved?
Markets like Minneapolis, MN metro area
- Cleveland, OH metro area, OHmetro52
- Louisville, KY metro area, KYmetro43
- Rochester, MN metro area, MNmetro42
- Grand Rapids, MI metro area, MImetro44
- Wilmington, DE metro area, DEmetro50
- Warren, MI metro area, MImetro50
- St. Cloud, MN metro area, MNmetro46
- Elgin, IL metro area, ILmetro55
- Tulsa, OK metro area, OKmetro45
- Tallahassee, FL metro area, FLmetro42
Frequently asked questions
Is Minneapolis, MN metro area a buyer's or seller's market?
As of August 2026, Minneapolis, MN metro area is classified as a Balanced Market, based on its Alpha Score of 48 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Minneapolis, MN metro area?
The median sale price in Minneapolis, MN metro area is $409K, having risen 3.5% over the past year.
How affordable is Minneapolis, MN metro area?
Minneapolis, MN metro area scores 59 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Minneapolis, MN metro area's Alpha Score?
Minneapolis, MN metro area's strongest dimension is Price Momentum (68/100) and its weakest is Economic Strength (29/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Minneapolis, MN metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.