The Minnesota housing market, by the numbers.
Median sale price, days on market, and what a traditional sale really costs a Minnesota seller — every figure on this page comes from the source cited next to it.
- Median sale price: $372,000
- Median days on market: 25
- Typical selling costs: ~7.17% of the price
- Foreclosure timeline: 3 to 5 months
Planning a Minnesota sale?
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The headline numbers.
Each figure comes from the source cited under it. Medians describe the middle of the Minnesota market, not any specific house.
| Minnesota metric | Value | Source |
|---|---|---|
| Median sale price | $372,000 | Redfin state market tracker, May 2026 |
| Median days on market | 25 days | Redfin state market tracker, May 2026 |
| Average agent commission | 5.84% (≈ $21,725) | Clever Feb 2026 survey (state avg) |
| Seller closing costs | 1% (≈ $3,720) | Redfin national 1-3% excl. commission, low end (transfer tax shown separately), May 2026 |
| Seller transfer tax | 0.33% (≈ $1,228) | HomeLight, Jan 2025 (deed tax 0.33%, seller pays) |
Data updated: September 2026
Selling the traditional way in Minnesota: the math.
The same arithmetic an agent would run at your kitchen table, worked on the Minnesota median sale price.
How to read this: on the $372,000 median sale, the traditional route leaves roughly $345,327 before loan payoff, repairs, and the holding costs (effective property tax ~1.12%/yr per the Tax Foundation, plus insurance and utilities) that stack up while you wait about 25 days on market. These are estimates worked on the Minnesota median; your actual costs vary by county, property, and buyer.
The cost of waiting: Minnesota's effective property-tax rate runs about 1.12% a year (Tax Foundation). Worked on the $372,000 median home, that's roughly $4,166 a year in property tax — call it $285 accrued across the 25-day (about 4-week) median wait for a traditional sale, before insurance and utilities, and on top of the selling costs above. The longer a Minnesota listing sits past the median, the bigger that carrying cost grows.
The Minnesota foreclosure clock.
Minnesota uses a non-judicial foreclosure process, and a typical case runs 3 to 5 months — that window is how much real time an owner has to catch up, refinance, or sell.
How long it really takes: Practitioner estimate: ~2-3 months from first publication to sheriff's sale (after any pre-foreclosure notice/mediation requirements), then the 6-month redemption — roughly 8-9 months from start to move-out for a typical owner-occupant.
Primary statute: Minn. Stat. ch. 580. This is general information, not legal advice — confirm the specifics with a local attorney.
If you need to sell fast.
The numbers above describe the traditional route in Minnesota: roughly 7.17% of the price in selling costs and about 25 days of waiting before a financed buyer even closes. When time is the real problem — a foreclosure date, back taxes, a move that can't wait — some owners trade part of the headline price for speed and certainty by selling as-is to a cash buyer.
Your cash option: You can request offers on Minnesota houses sold as-is — no repairs, no commissions, no fees to you. Requesting offers is free, and you decide what happens next.
See what the Minnesota numbers mean for your house.
Compare the traditional math above with a fast as-is sale — free tools, sourced data, and a timeline you control.
Selling fast in Minnesota →