Minnesota Home Values & Market Trends

There have been 71,718 properties sold in the Minnesota real estate market trends. Median home values in the Minnesota housing market are $324,250.93. The median residential home value for transactions over the last 12 months is 286,164.02. The State of Minnesota currently has 1,770 properties in foreclosure, 270 bank owned properties, and 1,500 headed for auction.

Minnesota Real Estate Market Overview

CountyMedian Est. ValueCountyMedian Est. Value
Hennepin

$ 360,000

$ 199/sqft

Waseca

$ 214,540

$ 108/sqft

Ramsey

$ 279,950

$ 189/sqft

Beltrami

$ 206,000

$ 115/sqft

Dakota

$ 376,818

$ 185/sqft

Cottonwood

$ 185,000

$ 93/sqft

Anoka

$ 364,580

$ 180/sqft

Becker

$ 314,854

$ 178/sqft

Washington

$ 386,034

$ 194/sqft

Sibley

$ 251,960

$ 140/sqft

Stearns

$ 284,900

$ 145/sqft

Kanabec

$ 305,135

$ 142/sqft

Olmsted

$ 315,000

$ 161/sqft

Meeker

$ 339,900

$ 147/sqft

Wright

$ 375,000

$ 181/sqft

Carlton

$ 288,425

$ 219/sqft

Scott

$ 449,900

$ 195/sqft

Stevens

$ 259,450

$ 140/sqft

Carver

$ 437,230

$ 195/sqft

Nobles

$ 260,373

$ 136/sqft

St. Louis

$ 196,750

$ 123/sqft

Brown

$ 239,900

$ 100/sqft

Crow Wing

$ 340,770

$ 189/sqft

Chippewa

$ 213,884

$ 119/sqft

Sherburne

$ 361,500

$ 181/sqft

Clay

$ 319,900

$ 131/sqft

Itasca

$ 269,000

$ 141/sqft

Lyon

$ 149,016

$ 87/sqft

Hubbard

$ 279,288

$ 148/sqft

Rock

$ 222,674

$ 120/sqft

Blue Earth

$ 304,842

$ 144/sqft

Yellow Medicine

$ 139,767

$ 87/sqft

Mower

$ 234,158

$ 103/sqft

Pope

$ 374,950

$ 174/sqft

Chisago

$ 405,000

$ 200/sqft

Lac Qui Parle

$ 161,183

$ 79/sqft

Douglas

$ 333,786

$ 170/sqft

Polk

$ 192,883

$ 116/sqft

Cass

$ 360,014

$ 166/sqft

Grant

$ 192,900

$ 109/sqft

Otter Tail

$ 315,000

$ 177/sqft

Lake

$ 330,000

$ 217/sqft

Goodhue

$ 320,026

$ 159/sqft

Murray

$ 165,000

$ 91/sqft

Pine

$ 296,429

$ 201/sqft

Wadena

$ 194,450

$ 116/sqft

Isanti

$ 309,900

$ 177/sqft

Big Stone

$ 165,000

$ 121/sqft

Benton

$ 290,760

$ 141/sqft

Jackson

$ 129,900

$ 67/sqft

Rice

$ 319,900

$ 167/sqft

Koochiching

$ 268,000

$ 160/sqft

Todd

$ 185,419

$ 129/sqft

Mahnomen

$ 79,000

$ 82/sqft

Steele

$ 249,900

$ 147/sqft

Houston

$ 205,673

$ 132/sqft

Mille Lacs

$ 348,593

$ 198/sqft

Pipestone

$ 130,000

$ 92/sqft

Winona

$ 223,119

$ 113/sqft

Watonwan

$ 143,750

$ 82/sqft

Morrison

$ 291,515

$ 142/sqft

Roseau

$ 303,248

$ 170/sqft

Freeborn

$ 140,000

$ 106/sqft

Renville

$ 145,000

$ 75/sqft

Mcleod

$ 246,815

$ 151/sqft

Pennington

$ 235,058

$ 101/sqft

Aitkin

$ 284,585

$ 178/sqft

Marshall

$ 153,147

$ 90/sqft

Nicollet

$ 341,575

$ 143/sqft

Red Lake

$ 77,728

$ 57/sqft

Dodge

$ 336,288

$ 147/sqft

Lincoln

$ --

$ --

Le Sueur

$ 287,000

$ 153/sqft

Wilkin

$ 28,900

$ 26/sqft

Redwood

$ 177,803

$ 113/sqft

Traverse

$ --

$ --

Martin

$ 155,000

$ 81/sqft

Cook

$ --

$ --

Fillmore

$ 197,400

$ 115/sqft

Lake Of The Woods

$ --

$ --

Swift

$ 143,562

$ 97/sqft

Norman

$ --

$ --

Faribault

$ 115,866

$ 60/sqft

Clearwater

$ --

$ --

Wabasha

$ 328,799

$ 156/sqft

Kittson

$ --

$ --

Kandiyohi

$ 256,334

$ 125/sqft

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Housing Market Summary for Minnesota

Mar 2023February 2024Change
Median Listing Price$325K$327.2K0.68%
Median Sold Price$321.7K$327.2K1.72%
Homes For Sale5,2825,5725.49%
Homes Sold41,95342,9142.29%
Price
$/Sqft
Homes For Sale
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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%.

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Browse Homes in Minnesota

There are currently 5,690 properties for sale in Minnesota. The current home value ranges in price from 1 to 9,600,000. The total count of properties in the state is 1,890,715, and the percentage of properties for sale is 5690.00%.

Foreclosure
There are 87 counties within Minnesota; within these counties, the median estimated home value for homes in foreclosure ranges from $318,335 in Mower to the lowest value of $29,139 in Mower. Foreclosure homes account for 0.00% of properties in Minnesota with Hennepin containing 458 foreclosures, the highest number of foreclosure properties in a single county.
  • Pre-Foreclosure
    Pre-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 Owned
    The median estimated home value of bank owned homes (REO properties) in Minnesota ranges from the highest value of $2,513,000 in Benton to the lowest value of $33,173 in Rice. Bank owned homes and properties account for 0.01% of properties in Minnesota. There are 87 counties within Minnesota; Hennepin containing 54 REO properties, has the highest number of bank owned properties in a single county.
  • Auctions
    Hennepin has 404 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 $2,819,524 in Lincoln to the lowest value of $29,139 in Lincoln.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.30% of residential properties in Minnesota with Hennepin containing 1461 homes for sale, the highest number of listed properties in a single county. There are 87 counties within Minnesota; homes for sale in those counties, have a range of median values from $411,497 in Roseau to the lowest value of $25,000 in St. Louis.
    Sold Homes
    The median value for recently sold homes ranges from $2,871,466 in Wabasha to the lowest price of $18,230 in Wabasha. There are 87 counties within Minnesota. Hennepin has 10894 recently sold homes, the highest number of recently sold properties in a single county. Recently sold homes and properties account for 2.20% of properties in Minnesota.

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      Guide for Minnesota

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