Minneapolis’ housing market is experiencing notable shifts, with trends indicating a dynamic landscape for both buyers and sellers. As of March 2026, the median sale price of homes in Minneapolis reached $355,000, marking a 6% increase from the previous year. Homes are selling faster, averaging 30 days on the market, compared to 32 days last year. However, the number of homes sold decreased to 315 in March, down from 362 the previous year. Source
In terms of inventory, active listings have risen significantly. In April, there were 855 active listings, an 18.8% increase year-over-year, outpacing the national growth rate of 4.6%. New listings also surged, with 688 homes entering the market, compared to a national growth of just 1.1%. Source
Several developments are contributing to the evolving housing landscape. The historic Minneapolis Grain Exchange is set for a substantial redevelopment, with plans to transform the site into a mixed-use development that includes 232 new apartments. This project aligns with city leaders’ goals of revitalizing the downtown area. Source
Additionally, the Wadaag Commons project in the Seward neighborhood has introduced 39 spacious three- and four-bedroom affordable housing units, emphasizing sustainability with features like a brick exterior and rooftop solar readiness. Source
These developments, coupled with the current market trends, suggest a dynamic period for Minneapolis’ housing market, offering opportunities and challenges for residents and investors alike.