Key Takeaways
- Values are flat: Zillow's typical Minneapolis value was $328,529, up 0.6%; condos fell 4.2% (Zillow ZHVI, August 2026).
- Sales are slower: the City's MLS median sale price was $368,000, with 53 days on market and 3.1 months of supply (MAAR, August 2026).
- Supply is rising: the 16-county Twin Cities region had 11,698 homes for sale, up 7.9% (MAAR, August 2026).
- Two markets in one city: Longfellow sold at 103.4% of list in 19 days, while downtown carried 7.5 months of supply (MAAR, August 2026).
- TISH applies to cash sales: required repairs pass to the buyer, so you can still sell as-is.
The Minneapolis housing market 2026 story is flat values and more supply. Zillow's typical Minneapolis value barely moved in a year, while listings and days on market rose.
This guide keeps every source separate and labeled, because Zillow, the MLS, Realtor.com, and the City Assessor measure different things. Use it to price a Minneapolis house and choose how to sell it.
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Let's chatWhat is the Minneapolis housing market doing in 2026?
The Minneapolis housing market in 2026 is flat on value and loosening on supply. Zillow's typical value for the city was $328,529 in August 2026, up 0.6% from a year earlier (Zillow ZHVI, August 2026). That sits a little below the March 2026 peak of $331,957.
Zillow's index is a smoothed estimate of a middle-tier value. Houses held up better than condos: the single-family index rose 2.1%, while the condo index fell 4.2%.
What closed sales show
The City's MLS median sale price was $368,000 in August 2026, up 6.7%, on 369 closed sales (MAAR, August 2026). The rolling 12-month median of $352,500, up 3.7%, is the steadier figure. One month can swing on a small sample.
Sales also took longer. They averaged 53 days on market until sale, up from 48, and months of supply rose from 2.7 to 3.1. Sellers got 98.5% of original list price, down from 99.5%.
Minneapolis by the numbers, August 2026
| Source | Metric | Value | Change |
|---|---|---|---|
| Zillow ZHVI, city | Typical value, single-family and condo | $328,529 | +0.6% YoY |
| Zillow ZHVI, city | Single-family index | $355,617 | +2.1% YoY |
| Zillow ZHVI, city | Condo index | $228,475 | -4.2% YoY |
| MAAR (NorthstarMLS), City of Minneapolis | Median sale price, August | $368,000 | +6.7% YoY |
| MAAR (NorthstarMLS), City of Minneapolis | Days on market / months of supply | 53 days / 3.1 months | +10.4% / +14.8% |
| MAAR, 16-county Twin Cities region | Median sale price / days on market | $405,000 / 45 days | +1.3% / +7.1% |
| MAAR, 16-county Twin Cities region | Homes for sale / months of supply | 11,698 / 3.0 months | +7.9% / +7.1% |
| Realtor.com via FRED, metro | Median list price / active listings | $419,900 / 10,976 | -3.1% / +32.9% |
| Minneapolis City Assessor data (Hennepin County 2026 Assessment Report) | Single-family median estimated market value | $349,800 | +4.7% |
Keep the region and the city apart. MAAR's $405,000 median covers 16 counties, so it is not the Minneapolis median.
Minneapolis Home Values by ZIP Code
Minneapolis home values by ZIP code run from about $149,000 in Cedar-Riverside to about $598,000 around Linden Hills, based on Zillow's August 2026 ZIP index. South and southwest ZIPs rose 2% to 4%. Downtown and condo-heavy ZIPs fell. The table uses Zillow figures only.
| ZIP | Main area | Zillow ZHVI, August 2026 | Change YoY |
|---|---|---|---|
| 55410 | Linden Hills, Fulton (Southwest) | $598,469 | +3.8% |
| 55419 | Lynnhurst, Tangletown | $497,967 | +3.9% |
| 55405 | Kenwood, Bryn Mawr | $466,568 | +3.4% |
| 55417 | Nokomis (Keewaydin, Minnehaha, Wenonah) | $377,997 | +1.6% |
| 55418 | Northeast (Audubon Park, Windom Park, Waite Park) | $351,813 | +2.4% |
| 55406 | Longfellow, Seward | $345,958 | +2.1% |
| 55413 | Northeast (Sheridan, Logan Park, St. Anthony) | $320,717 | -3.4% |
| 55407 | Powderhorn Park, Corcoran, Standish | $316,216 | +0.3% |
| 55408 | Uptown, Whittier, Lyndale | $288,624 | +1.4% |
| 55411 | Near North, Hawthorne, Jordan | $241,864 | +1.2% |
| 55412 | Camden, Folwell, Victory | $234,261 | +1.4% |
| 55403 | Loring Park, Lowry Hill (condo-heavy) | $187,851 | -7.4% |
| 55454 | Cedar-Riverside (high-rise and co-op heavy) | $149,337 | -5.3% |
A ZIP mixes streets and building types, so use the table for direction. Price your own house on its condition and nearby sales.
Two markets inside one city
MAAR's community table shows the same split in closed sales. Longfellow houses sold in an average of 19 days at 103.4% of original list price, with 1.1 months of supply (MAAR, August 2026). Nokomis and Southwest also had under two months of supply.
Downtown and Phillips moved the other way. The Central community carried 7.5 months of supply and sold at 94.7% of original list. Phillips closed only four sales, at 82.8% of list after an average of 149 days, so treat that as a small sample.
Twin Cities Home Prices 2026: How the Suburbs Compare
Twin Cities home prices in 2026 sit above Minneapolis in every suburb below, and every one of them rose in the year to August. Zillow's metro value was $388,865, up 1.8%, and Hennepin County's was $388,061, up 1.5% (Zillow ZHVI, August 2026). At +0.6%, Minneapolis grew more slowly than its suburbs.
| City | County | Zillow ZHVI, August 2026 | Change YoY |
|---|---|---|---|
| Plymouth | Hennepin | $509,531 | +1.9% |
| Lakeville | Dakota | $485,324 | +1.0% |
| Woodbury | Washington | $462,126 | +2.0% |
| Rosemount | Dakota | $430,516 | +0.4% |
| Maple Grove | Hennepin | $424,047 | +1.5% |
| Eagan | Dakota | $401,493 | +1.8% |
| Burnsville | Dakota | $368,875 | +2.4% |
| Bloomington | Hennepin | $362,340 | +1.3% |
| Brooklyn Park | Hennepin | $347,941 | +0.8% |
| Minneapolis (for comparison) | Hennepin | $328,529 | +0.6% |
All figures above are Zillow ZHVI city values for August 2026. Rosemount is a Dakota County city, not part of Minneapolis. Its typical value of $430,516 is still below its June 2022 peak. Minneapolis rules such as TISH and City rental licensing do not apply there.
Why are Minneapolis houses taking longer to sell?
Minneapolis houses are taking longer to sell because listings are growing faster than sales while mortgage rates climb. Across the 16-county Twin Cities region, MAAR counted an inventory of 11,698 homes for sale in August 2026, up 7.9%, or 3.0 months of supply (MAAR Monthly Indicators, August 2026). Days on market until sale averaged 45, and the regional median rose 1.3% to $405,000.
Listings and price cuts
Realtor.com listing data points the same way. Active listings in the Minneapolis-St. Paul metro rose 32.9% to 10,976 in August 2026 (Realtor.com via FRED, August 2026). About 38% carried a price cut, and the median list price fell 3.1% to $419,900. These are asking prices, not closed sales.
Statewide supply, rates, and the forecast
Statewide, Minnesota Realtors counted 20,304 homes for sale in August 2026, up 10.3% (Minnesota Realtors, August 2026). The state's Realtor associations said statewide inventory stood at a seven-year high (joint release, September 2026).
The 30-year fixed rate averaged 6.95% in the week of September 17, 2026, up from 6.26% a year earlier (Freddie Mac, September 2026). Zillow's forecast from its August 31, 2026 data expects metro values to rise 0.9% by August 2027 (Zillow Home Value Forecast, August 2026). Zillow publishes no city-level forecast.
Assessments, Taxes, and Rent Rules in 2026
The Minneapolis City Assessor, not Hennepin County, values Minneapolis houses for property tax. The City's Assessing Department values and classifies over 130,000 properties and mails notices in March (City of Minneapolis, 2026). Hennepin County collects the tax and records deeds.
The 2026 assessment put the Minneapolis single-family median estimated market value at $349,800, up about 4.7% from $334,000 (Hennepin County Assessor, 2026 Assessment Report). Commercial value fell 7.7%, which can shift more of the levy onto houses. The City says “the maximum property tax levy is 8 percent,” and the Council approved the levy on December 9, 2025 (City of Minneapolis, December 2025).
An heir or landlord who does not live in the house loses homestead treatment and its market value exclusion (Minn. Stat. § 273.13). That can make a vacant inherited house cost more to hold than the late owner paid.
Rents and rent rules
Zillow's rent index for Minneapolis was $1,682 in August 2026, up 3.5% (Zillow ZORI, August 2026). Minneapolis has no rent stabilization ordinance in force. Voters authorized the Council to regulate rents in 2021, and the City says any ordinance it passes would still need voter approval (City of Minneapolis, 2025).
Minnesota law bars local rent control unless voters approve it in a general election (Minn. Stat. § 471.9996).
How TISH Affects the Timing of a Minneapolis Sale
Truth in Sale of Housing (TISH) is a City evaluation that most Minneapolis house sales need, including a direct sale for cash. It covers single-family houses, duplexes, townhouses, and first-time condo conversions (City of Minneapolis TISH). The City lists “Sale by owner” and “Other title transfer” among the sales that need a report.
- Timing: the owner must get an evaluation within three calendar days of making the house available for sale (Minneapolis Code of Ordinances § 248.20).
- Repairs: required repair items pass to the buyer, who must finish them within 90 days after closing.
- Validity: a report lasts two years but is valid only for the owner listed on it.
- Estates: a sale by a person appointed by a probate court is not exempt (§ 248.60).
Evaluators set their own prices, and the City adds a $25 filing fee. Book the evaluation early so it does not hold up a closing. You do not have to fix the TISH list to sell as-is.
Should you list or sell for cash in Minneapolis?
List if your house is in good shape in a strong neighborhood and you have time. A well-kept house in Longfellow, Nokomis, or Southwest may net more listed, since those areas sold near or above list in August. A cash sale can fit when condition, tenants, an estate, a vacancy, or a deadline makes listing hard.
Where a cash sale tends to fit
- As-is houses: a long TISH repair list, an old boiler, or a worn roof can narrow the pool of financed buyers.
- Estates: heirs who do not move in lose homestead treatment while the house sits.
- Tenant-occupied houses and duplexes: leases and deposits move to the buyer, as the guide to selling a St. Paul rental with tenants explains.
- Vacant buildings: Minneapolis charges a registration fee of $7,228.70 a year (City of Minneapolis, 2025). The guide to selling a vacant house in Minneapolis or St. Paul covers the rest.
- Deadlines: a move, a divorce, or a closing date that cannot slip.
Where a Propcash offer fits
Propcash is a direct cash homebuyer, founded in 2026 and based in Nashville, that buys houses as a principal. You get one transparent, data-backed cash offer with the reasoning shown, and you pick the closing date. Sellers pay no fees or commissions.
A Minnesota title company handles the closing, which can often happen in as few as 7 days. The TISH evaluation still comes first, and its scheduling can add days. Disclosure duties also apply to an as-is sale, and the guide to Minnesota seller disclosure requirements explains them.
If listing looks like the stronger path for your house, we'll say so and point you to a local agent. We may receive compensation from agents we refer. To see an as-is number, you can request a cash offer on your Minneapolis house. You can also read how to sell your house fast in Minneapolis and the Minnesota seller overview.
Why wait? Sell your house “as is” for cash today
Tell us about your house. We'll make you a cash offer based on local market data.
Let's chatFrequently Asked Questions
What are Minneapolis home prices in 2026?
Zillow's smoothed index put the typical Minneapolis value at $328,529 in August 2026, up 0.6% from a year earlier (Zillow ZHVI, August 2026). The City's MLS median sale price was $368,000 that month, and the rolling 12-month median was $352,500 (MAAR, August 2026). The figures differ because Zillow estimates values while the MLS reports closed sales.
Is the Minneapolis housing market slowing down in 2026?
Minneapolis sales are slower in 2026, though values are not falling overall. Days on market rose from 48 to 53, and months of supply rose from 2.7 to 3.1 in August 2026 (MAAR, August 2026). Across the metro, active listings rose 32.9%, and about 38% carried a price cut (Realtor.com via FRED, August 2026).
How do Twin Cities home prices in 2026 compare with Minneapolis?
Twin Cities home prices in 2026 run above Minneapolis values. Zillow's metro value was $388,865, up 1.8%, against $328,529 for the city (Zillow ZHVI, August 2026). The MLS median sale price for the 16-county region was $405,000, up 1.3% (MAAR, August 2026).
Who assesses a Minneapolis house for property taxes?
The Minneapolis City Assessor values and classifies Minneapolis property, not the Hennepin County Assessor. Hennepin County collects the tax and records the deed. The 2026 assessment put the Minneapolis single-family median estimated market value at $349,800, up about 4.7% (Hennepin County Assessor, 2026 Assessment Report).
Does a cash sale skip the Minneapolis TISH evaluation?
No, a cash sale does not skip Truth in Sale of Housing. The City lists sales by owner and other title transfers among the sales that need a TISH report. You do not have to make the required repairs yourself, because the buyer must finish them within 90 days after closing.
Does Minneapolis have rent control in 2026?
No, Minneapolis has no rent stabilization ordinance in force in 2026. Voters approved a charter amendment in 2021 that lets the City Council regulate rents, but the Council has not enacted an ordinance. The City says any ordinance it passes would still need voter approval.
How fast can a cash sale close in Minneapolis?
A direct cash sale in Minneapolis can often close in as few as 7 days, but no date is promised before a contract. The TISH evaluation has to happen first, and a title company handles the closing. With Propcash you pick the closing date, so a later date works too.
Data sources: Zillow, MAAR and NorthstarMLS, Minnesota Realtors, Realtor.com via FRED, Freddie Mac, the City of Minneapolis, and Hennepin County, each dated in the text. This is general information, not legal or tax advice.