All Home Types
Minneapolis, MN Housing Market
What is the housing market like in Minneapolis today?
In October 2024, Minneapolis home prices were up 3.6% compared to last year, selling for a median price of $340K. On average, homes in Minneapolis sell after 28 days on the market compared to 21 days last year. There were 402 homes sold in October this year, down from 453 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$340,000
+3.6% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Minneapolis, MN
$340,000
+3.6%
United States
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Minneapolis Migration & Relocation Trends
In Sep '24 - Nov '24, 20% of Minneapolis homebuyers searched to move out of Minneapolis, while 80% looked to stay within the metropolitan area.
- Across the nation, 0.79% of homebuyers searched to move into Minneapolis from outside metros.
- Albuquerque homebuyers searched to move into Minneapolis more than any other metro followed by Miami and Chicago.
Where are people moving to Minneapolis from?
- 80% of Minneapolis homebuyers searched to stay within the Minneapolis metropolitan area.
- Brainerd was the most popular destination among Minneapolis homebuyers followed by Duluth and Cape Coral.
Where are people from Minneapolis moving to?
Number of People Moving to Minneapolis
least
most
People are moving to Minneapolis from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 717 | ||
| 2 | 700 | ||
| 3 | 599 | ||
| 4 | 414 | ||
| 5 | 318 | ||
| 6 | 285 | ||
| 7 | 271 | ||
| 8 | 235 | ||
| 9 | 176 | ||
| 10 | 158 | ||
People are leaving Minneapolis for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 435 | ||
| 2 | 248 | ||
| 3 | 196 | ||
| 4 | 102 | ||
| 5 | 78 | ||
| 6 | 68 | ||
| 7 | 50 | ||
| 8 | 46 | ||
| 9 | 43 | ||
| 10 | 40 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Minneapolis.
Provided by First Street Foundation
Transportation in Minneapolis
Learn about the walkability, bikeability, and transit-friendliness of Minneapolis
Very Walkable
Walk Score®
Good Transit
Transit Score®
Very Bikeable
Bike Score®
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