Why These Minneapolis Homes Aren’t Selling… But Others Are
About this video
Something strange is going on in the Minneapolis housing market right now. Certain homes are selling fast, while other homes are struggling to be sold. Today, we're diving into which types of homes are selling and which aren't in the Minneapolis area.
Key takeaways
- The Twin Cities market is split by home type and location. With about two months of supply and a median around $390,000 (up 3%), it's the most balanced market in about five years, but some segments are hot and others cold.
- Buyers have leverage in five segments: dated split-levels from the 1960s to 1990s (new construction with builder rate buydowns can cost the same monthly), townhomes and condos with high association fees, large homes on busy roads, high-end homes with very bold design choices, and downtown and investor-style condos.
- In one comparison Jason cites, starter homes sold in about 41 days while downtown condos took about 101.
- Sellers still hold the cards in five segments: well-priced starter homes, especially from about $250,000 to the mid-$300,000s; updated homes in established suburbs like Edina, Minnetonka and Wayzata; updated character homes in walkable Minneapolis neighborhoods such as Linden Hills, Uptown and Northeast; classic Saint Paul homes near Summit Avenue and Irvine Park; and well-priced lake, river and view homes.
- Buyers in hot segments: be fully ready and compete on terms, not just price. Buyers in cold segments: target listings sitting 60 to 120 days and negotiate for credits, repairs or rate buydowns.
- Sellers: price from current pending and active listings, not 2022 prices. In cold segments, price below the competition and fix the obvious issues.
Questions this video answers
Which Twin Cities homes are selling fastest?
Well-priced starter homes, updated homes in established suburbs, updated character homes in walkable Minneapolis neighborhoods, classic Saint Paul homes, and well-priced waterfront and view homes, according to the video.
Which homes are taking longest to sell?
Dated split-levels, condos and townhomes with high association fees, large homes on busy roads, high-end homes with very personal design choices, and downtown condos.
Read more: Linden Hills · Lake homes · Sell your home
Notes written by Huerkamp Home Group from this video. Figures are as stated in the video on March 21, 2026; check the current numbers in our market reports.
