Minnesota started 2025 with a total of 7,400 single-family homes on the market, with a median home price of $414,250 and an average price per square foot of $222.64. By the end of the year, inventory had increased to 9,095 homes on the market (+23%), with a median home price of $399,000 (-4%), and an average price per square foot of $223 (+0%).
At the start of 2025, the median days on market (DOM) was 91 days – by the end of the year, median DOM had decreased to 84 days.
Minnesota started the year with 31.57% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 34.43% of homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that Minnesota started 2025 as a seller's market, with an MAI score of 33; by the end of the year, the MAI had increased to 38 – a seller's market.Market Update for June 11, 2026
