The Minnesota market right now
Sales figures: Redfin Data Center, market tracker (Redfin, a national real estate brokerage), Minnesota, May 2026, all residential property types. Typical value: Zillow Home Value Index (ZHVI), Zillow Research, August 2026, mid-tier homes, seasonally adjusted. These are area-wide figures, not a value for any one home.
With about 2.3 months of supply, this is a market that leans toward sellers by the usual rule of thumb, and homes sold at or above their list price on average.
Show the numbers
| Month | Median sale price |
|---|---|
| May 2026 | $372,300 |
| Apr 2026 | $363,700 |
| Mar 2026 | $355,500 |
| Feb 2026 | $348,600 |
| Jan 2026 | $343,700 |
| Dec 2025 | $356,100 |
| Nov 2025 | $359,300 |
| Oct 2025 | $361,900 |
| Sep 2025 | $364,700 |
| Aug 2025 | $369,800 |
| Jul 2025 | $371,800 |
| Jun 2025 | $378,700 |
| May 2025 | $367,300 |
| Apr 2025 | $369,400 |
| Mar 2025 | $351,200 |
| Feb 2025 | $354,500 |
| Jan 2025 | $343,500 |
| Dec 2024 | $341,000 |
| Nov 2024 | $349,300 |
| Oct 2024 | $351,100 |
| Sep 2024 | $350,900 |
| Aug 2024 | $360,200 |
| Jul 2024 | $360,200 |
| Jun 2024 | $363,200 |
| May 2024 | $356,000 |
Source: Redfin Data Center, Minnesota. Monthly figures, not seasonally adjusted, so some ups and downs are just the time of year.
Minnesota rules that affect sellers
Transfer tax
Minnesota's deed tax is 0.0033 of the net consideration (0.33% of the sale price, less any existing liens the buyer takes over). Hennepin and Ramsey counties add an Environmental Response Fund tax of 0.0001, for 0.34% in total. By custom the seller pays it at closing.
Local add-ons: Hennepin and Ramsey counties add 0.01% (Environmental Response Fund tax).
Seller disclosure
Yes. Minnesota Statutes 513.52 to 513.60 require the seller to give the buyer a written disclosure of all known material facts that could significantly affect the buyer's use and enjoyment of the home, before the purchase agreement is signed. The seller and buyer may waive this disclosure in writing (513.60), but a waiver does not remove disclosures required by other laws, such as wells and septic systems.
Source: Minnesota Statutes 513.55, General Disclosure Requirements
Who handles the closing
Minnesota closings are usually handled by a title company or a licensed real estate closing agent. State law lets title insurers and their agents, attorneys, brokers and licensed closing agents conduct closings, and does not require an attorney.
Source: Minnesota Statutes section 82.641, Real Estate Closing Agents
Also worth knowing
Before signing a purchase agreement, the seller must disclose in writing the status and location of all known wells on the property (in use, not in use, or sealed), and a well disclosure certificate is due at closing unless the deed states the seller knows of no wells.
Source: Minnesota Statutes 103I.235, Disclosure of Wells to Buyer
Also worth knowing
The seller must also disclose in writing how sewage from the property is handled, stating whether it goes to a permitted facility or to a private system such as a septic system.
Source: Minnesota Statutes 115.55
Checking an agent's license
Real estate agents in Minnesota are licensed by the Minnesota Department of Commerce. You can look up any agent before you work with them.
Rules checked 2026-09-30. They change, and local practice varies: confirm with your title company, closing attorney or agent before relying on them. This is general information, not legal or tax advice.
Metro areas in Minnesota
Prices and pace can be very different from one metro to the next, so the local page is a better guide than the statewide figure.
Market figures: Redfin Data Center and Zillow Research, updated monthly. All states.