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New listings in Minneapolis have increased sharply week over week for the past 3 months. Pending sales has followed the same trend, which has led to a steady amount of inventory, neither increasing nor falling. Median home prices have increased to $380,000 in February 2025, a 6.1% increase compared to a year prior.

The highest priced home for sale in Minneapolis MN is listed at $7,500,000. MLS#6622048.

The lowest priced home for sale in Minneapolis MN is listed at $75,000. MLS#6671365.

The Minneapolis real estate market in 2025 presents a complex picture, with various factors influencing its trajectory. While some sources indicate a degree of balance in the market, others point to ongoing challenges related to affordability and inventory. Data indicates that home prices are still showing year over year increases, although the rate of increase appears to be slowing. There are also indications that there are increases in the amount of inventory on the market. Meaning that there may be a slight shift towards a more balanced market. However, the market still has aspects of a sellers market.

Looking ahead, predictions suggest a mix of potential growth and challenges. Factors like fluctuating interest rates, job growth, and new construction are expected to play significant roles. Affordability remains a key concern, particularly for first-time homebuyers. The amount of inventory of more affordable homes will have a large impact on the market. It is also important to remember that local market conditions can vary significantly within the Minneapolis area, with different neighborhoods experiencing distinct trends. Therefore, potential buyers and sellers should closely monitor local market data and consult with real estate professionals for up-to-date insights.

The Winters Real Estate Group
Keller Williams Integrity Lakes
1350 Lagoon Ave, Suite 900
Minneapolis, MN 55408
612-200-0808