Minnesota
Local Housing Market · Zillow ZHVI · March 2026
$346,668
Typical Home Value
▲ 2.7% YoY ▲ 0.21% MoM
6.37%
30Y Mortgage Rate
PMMS · May 07, 2026
44bps
YoY Rate Change
▼ Lower than 1yr ago
199bps
30Y/10Y Spread
Norm ~170bps
🏘 Minnesota Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$346,668
▲ 2.7% YoY
Month-over-Month
▲ 0.21% MoM
March 2026
Data Period
March 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.37%
PMMS · May 07, 2026
15Y Fixed
5.72%
PMMS · May 07, 2026
1yr Ago 30Y
6.81%
▼ Rates lower now
30Y/10Y Spread
199bps
Tight · norm ~170bps
Freddie Mac PMMS via FRED · National rates · State-specific rates may vary slightly
📋 Realtor.com Market Data · Minnesota
Market Indicators
REALTOR.COM🏦 LO Market Signal · April 2026
• Inventory is up 16.2% YoY and listing prices are flat 0.2% YoY with 12.3% of listings carrying a price cut. Pricing is stable — comps should be reliable.
• Homes are selling in a median 37 days — a moderate-paced market. Pending ratio is 0.72 — strong buyer demand, expect competitive purchase timelines.
• New listings are increasing 11.4% YoY. More sellers entering the market supports purchase loan volume.
Median Listing Price
$399,000
▼ 0.2% YoY
Median Days on Market
37d
0d YoY
Active Listings
12,258
▲ 16.2% YoY
New Listings
9,656
▲ 11.4% YoY
Price Reduced Share
12.3%
of active listings
Pending Ratio
0.72
pending ÷ active
Realtor.com Research · State-level inventory data · Updated monthly
Hottest Markets in Minnesota
REALTOR.COMTop metros by national hotness rank (supply + demand composite) · April 2026
Rochester
▼ COOLING
National rank #45
Median Price
$432,000
Median DOM
37d
Demand score 76/100
St. Cloud
▼ COOLING
National rank #52
Median Price
$364,950
Median DOM
38d
Demand score 78/100
Minneapolis-St. Paul-Bloomington
▼ COOLING
National rank #54
Median Price
$432,500
Median DOM
33d
Demand score 62/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply