Minnesota
Local Housing Market · Zillow ZHVI · July 2026
$356,066
Typical Home Value
▲ 2.6% YoY ▲ 0.00% MoM
6.65%
30Y Mortgage Rate
PMMS · Aug 20, 2026
9bps
YoY Rate Change
▲ Higher than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 Minnesota Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$356,066
▲ 2.6% YoY
Month-over-Month
▲ 0.00% MoM
July 2026
Data Period
July 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.65%
PMMS · Aug 20, 2026
15Y Fixed
5.95%
PMMS · Aug 20, 2026
1yr Ago 30Y
6.56%
▲ Rates higher now
30Y/10Y Spread
195bps
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 · July 2026
• Inventory is up 26.7% YoY and listing prices are softening 1.0% YoY with 18.2% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.
• Homes are selling in a median 43 days — a moderate-paced market. Pending ratio is 0.42 — moderate demand, purchase timelines are manageable.
• New listings are increasing 14.3% YoY. More sellers entering the market supports purchase loan volume.
Median Listing Price
$394,900
▼ 1.0% YoY
Median Days on Market
43d
0d YoY
Active Listings
17,992
▲ 26.7% YoY
New Listings
9,450
▲ 14.3% YoY
Price Reduced Share
18.2%
of active listings
Pending Ratio
0.42
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) · July 2026
Duluth
▼ COOLING
National rank #46
Median Price
$352,500
Median DOM
46d
Demand score 95/100
Minneapolis-St. Paul-Bloomington
▼ COOLING
National rank #72
Median Price
$425,000
Median DOM
38d
Demand score 55/100
St. Cloud
▼ COOLING
National rank #85
Median Price
$359,900
Median DOM
49d
Demand score 75/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply