Minnesota
Local Housing Market · Zillow ZHVI · May 2026
$354,135
Typical Home Value
▲ 2.9% YoY ▼ 0.12% MoM
6.49%
30Y Mortgage Rate
PMMS · Jul 09, 2026
26bps
YoY Rate Change
▼ Lower than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 Minnesota Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$354,135
▲ 2.9% YoY
Month-over-Month
▼ 0.12% MoM
May 2026
Data Period
May 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.49%
PMMS · Jul 09, 2026
15Y Fixed
5.82%
PMMS · Jul 09, 2026
1yr Ago 30Y
6.75%
▼ Rates lower 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 · June 2026
• Inventory is up 13.0% YoY and listing prices are flat 0.0% YoY with 17.2% of listings carrying a price cut. Pricing is stable — comps should be reliable.
• Homes are selling in a median 39 days — a moderate-paced market. Pending ratio is 0.7 — strong buyer demand, expect competitive purchase timelines.
• New listings are increasing 11.6% YoY. More sellers entering the market supports purchase loan volume.
Median Listing Price
$399,900
0.0% YoY
Median Days on Market
39d
0d YoY
Active Listings
15,418
▲ 13.0% YoY
New Listings
9,922
▲ 11.6% YoY
Price Reduced Share
17.2%
of active listings
Pending Ratio
0.7
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) · June 2026
Duluth
▼ COOLING
National rank #38
Median Price
$370,000
Median DOM
38d
Demand score 95/100
St. Cloud
▼ COOLING
National rank #54
Median Price
$365,000
Median DOM
37d
Demand score 74/100
Minneapolis-St. Paul-Bloomington
▼ COOLING
National rank #70
Median Price
$434,900
Median DOM
34d
Demand score 59/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply