How much does it cost to sell a house in Minnesota?

The Minnesota deed tax

Minnesota charges a deed tax of 0.33% of the sale price when the deed is recorded, plus a 0.01% Environmental Response Fund tax in Hennepin and Ramsey counties (0.34% in all). On a $400,000 sale that's $1,320, or $1,360 in Hennepin or Ramsey County. The seller usually pays it, but the purchase agreement decides. (Minnesota Department of Revenue)

Real estate commission after the 2024 changes

Commission is negotiable and not set by law. Since August 17, 2024, buyers sign a written agreement with their agent before touring homes, and offers to pay the buyer's agent can no longer be posted on the MLS (National Association of REALTORS® settlement). Sellers can still choose to pay some or all of the buyer's agent's fee, or offer a credit, and it's part of the negotiation on each offer.

What you pay your listing agent should buy you something: pricing based on real sales, preparation, marketing that reaches buyers, and a negotiator. Ask any agent, including us, exactly what you get for the fee.

Title, closing and other costs

• Title and closing fees: the title company's closing fee and the seller's title charges, set by the title company you use.
• Mortgage payoff: every loan and line of credit on the home is paid off at closing.
• Property taxes: Minnesota property taxes are split between buyer and seller by the closing date.
• City requirements: some cities require a point-of-sale inspection or certificate before you sell; see what's required to sell in Minnesota.
• Concessions: repair credits or closing-cost help you agree to give a buyer.

See your own numbers

Our seller net proceeds calculator works out your deed tax by county, your property tax proration and what you'd walk away with, using the commission and costs you enter. For a real number, get a free home valuation and we'll show you a net sheet before you decide anything.