What's Suddenly Happening to Minneapolis Home Values
About this video
Minneapolis spring 2026 housing market forecast and what buyers and sellers need to know right now for the Twin Cities including pricing trends, inventory, days on market, and negotiation leverage. If you are moving to Minnesota or planning to buy or sell in Minneapolis this spring, this breakdown covers the smartest timing, neighbourhood factors, and how to avoid overpaying.
Key takeaways
- Jason's spring market forecast: with about 7,700 homes for sale and about 50 days on market, the Twin Cities are still technically a seller's market, but leverage depends on the home. The median was in the mid-$300,000s to low $390,000s, up about 3%.
- Spring demand lands first on well-located, updated homes, like those near the Chain of Lakes or in Edina and Minnetonka. A move-in-ready home near Lake Harriet can get multiple offers in days while a dated home three miles away sits for 60.
- What stalls in spring: overpricing based on last year's sales, deferred maintenance (buyers mentally add $30,000 to $50,000 for dated kitchens and baths) and sellers waiting for spring to fix their problems.
- Timing: late February to early March gives sellers of average homes less competition; late March through April brings a listing surge where pricing mistakes get punished; May and June are peak competition for the best homes, which historically sell at 100% or more of list price.
- Buyers: get pre-approved now, act early to avoid bidding wars, and stay flexible, for example St. Louis Park instead of Edina (the Green Line Extension opens in 2027), or an updated older home in Northeast instead of new construction.
- Sellers: prep in January and February, price right from day one and watch days on market in your area.
Questions this video answers
When is the best time to list a house in the Twin Cities?
It depends on the home. Average homes often do best listed in late February or early March, before the April surge of listings. Top-tier, move-in-ready homes can benefit from peak demand in late March through June.
Is spring a good time to buy a home in Minneapolis?
Early spring is. Buyers have more negotiating room in February and March; by May and June, the best homes see multiple offers and less room for inspection contingencies.
Read more: Twin Cities market report · Sell your home · Edina vs. St. Louis Park · Linden Hills
Notes written by Huerkamp Home Group from this video. Figures are as stated in the video on February 11, 2026; check the current numbers in our market reports.
