Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
Yes, if you negotiate. Buyers have the upper hand in Minneapolis right now.
You have the upper hand in Minneapolis. Most homes for sale still have no buyer. Sellers are competing for you. Use it.
Only 73 out of every 100 homes for sale have found a buyer. The other 27 are still waiting. Your offer may be the only one on the table. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing, not from the whole market.
A typical Minneapolis home takes 36 days to find a buyer. Half of them take even longer. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 2,280 homes for sale in Minneapolis. That is 2.5 times the tightest month on record, but below the peak of 2,966. Supply is growing against last year.
Asking prices are 17.3% below their Feb 2018 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller. Minneapolis prices rose in only 72 of the last 108 months. This market goes up and down. Timing matters here. Growth will not rescue a bad price.
The discount is already here. It is not getting bigger. Buy now while sellers are still weak. Waiting for a lower price stopped working a year ago.
In Minneapolis, 39 out of every 100 households rent. Most own their home. That share has held steady for five years. Minneapolis added about 10,000 renter households in five years. Renter households average 2.0 people. Singles and couples rent here. Two bedrooms beat four.
Households grew 7% in five years. The housing stock grew 8%. Supply is outrunning demand. Just 5.6% of homes sit empty. A well-priced rental fills fast here.
The median Minneapolis household earns $95,157 a year. Incomes here have grown 4.9% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 4.4 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. A tenant on the median income can pay about $2,379 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.
That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.
Yes, if you negotiate. Buyers have the upper hand in Minneapolis right now. 73 out of every 100 homes for sale have a buyer, 17% of sellers have cut their price, and a typical home takes 36 days to sell.
Asking prices are 17.3% below their Feb 2018 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.
Assume +0.6% a year. Minneapolis grew 3.6% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Minneapolis grows about 0.6% a year. That is the number to type in. Prices fell 0.6% over the last year. That is a timing signal, not a trend.
A typical Minneapolis home takes 36 days to find a buyer. Half of them take even longer. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.
In Minneapolis, 39 out of every 100 households rent. Most own their home. That share has held steady for five years. Just 5.6% of homes sit empty. A well-priced rental fills fast here.
A tenant on the median income can pay about $2,379 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Minneapolis household earns $95,157 a year.
55415. Only 35 out of 100 homes there have a buyer. 20% of sellers there have cut their price, and a typical home takes 70 days to sell.
Where it isn't: 55420 ranks #209 in the country for buyer demand. Expect the least room to negotiate there.
ZIP 55405 is on both lists. That is rare. It is the one place in Minneapolis where leverage and growth overlap.
| ZIP | $/sqft, 2 yrs | $/sqft now | Buyers per home | For sale |
|---|---|---|---|---|
| 55428 | +25.7% | $182 | 1.12 | 37 |
| 55405 | +12.1% | $284 | 0.37 | 45 |
| 55431 | +11.3% | $203 | 0.90 | 24 |
| 55419 | +9.2% | $273 | 0.99 | 43 |
| 55424 | +8.6% | $425 | 0.64 | 36 |
Computed from each ZIP's own ten-year history. ZIPs with fewer than 10 homes for sale are excluded: a median across a handful of listings is noise, not a signal.
Minneapolis has 59 ZIP codes. Each links to its live market dashboard.
Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.
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