Market Intelligence Report — MN-WI-460

Minneapolis-St. Paul-Bloomington, MN-WI

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MN-WI-09
As of the latest 2026 data
Cooling

Median Listing

$408K
-4.1% YoY

Pending Ratio

0.34
-29.3% YoY

Active Inventory

11,377
+31.2% YoY

Median DOM

42 Days
+6.4% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's cooling Minneapolis-St. Paul-Bloomington market?

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Minneapolis-St. Paul-Bloomington, MN-WI.

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The Minneapolis-St. Paul-Bloomington metropolitan area is characterized by cooling conditions, with a pending ratio of 0.34 indicating that demand absorption is moderate relative to available inventory. This represents a significant year-over-year decline in absorption capacity, alongside notable growth in active listings.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.5%+0.9 pp YoY

Unemployment rate · Sep 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

3.79M+0.8% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

1,537+33.8% YoY

Building permits (private housing units) · Sep 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Minneapolis-St. Paul-Bloomington market right now.

Active listings have expanded by 31.2% year-over-year, reaching 11,377 units, while new listings saw a marginal year-over-year decrease of 1.1%. Concurrently, the median listing price declined by 4.1% over the past year, aligning with a 2.5% reduction in median price per square foot. The median days on market increased by 6.4% year-over-year, and the share of listings with price reductions rose by 4.1% year-over-year to 23.0%. These trends collectively signal an environment of increasing supply and moderating pricing power.

Robert Stewart
Robert Stewart
Keller Williams Select Realty

“Robert Stewart brings over 19 years of proven expertise serving the Twin Cities, Bloomington, Apple Valley, Burnsville, Richfield and more. ”

Historical Analysis

Market Trends

Median Price

$408K-2.9% MoM

Active Inventory

11,377+31.2% YoY

Days on Market

42+6.4% YoY

Sold Score™

50-29.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

50
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.34 and a substantial year-over-year increase in active listings, buyers currently encounter a more extended selection horizon. The elevated median days on market and the rising share of price reductions suggest that sellers are experiencing increased pressure to exercise price discipline and adjust expectations to align with present demand dynamics, moderating the pace of transactions.

Luxury Segment

The average listing price in the market, at $583,642, is significantly higher than the median listing price of $407,500, indicating a wide distribution of property values. However, with the average listing price showing a year-over-year decline of 3.9% and median $/sqft also down by 2.5%, there is a general softening trend affecting pricing across segments, including higher tiers. No distinct luxury-segment signal in this dataset.

Supply Dynamics

11,377 active listings represent the current floor, with new supply arriving at roughly 5,252 per month.

Pricing Pressure
23.0%

of active listings carry a price reduction, +4.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -2.5% year-over-year.

Absorption
0.34

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Minneapolis-St. Paul-Bloomington, MN-WI? Inventory is up 31% from last year.

Buyers have leverage in Minneapolis-St. Paul-Bloomington, MN-WI. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
34%
Median Days on Market
42 days
Inventory YoY
+31%

In a buyer's market, strategy beats timing. See how your home scores in Minneapolis-St. Paul-Bloomington, MN-WI and what moves the number.

See my Sold Score & selling strategy →

Talk to a listing expert who is actively selling in Minneapolis-St. Paul-Bloomington, MN-WI.

Robert Stewart →

Keller Williams Select Realty

How these recommendations are chosen →

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Metro Demographics

Metro Area
Minneapolis-St. Paul-Bloomington, MN-WI
CBSA Code
33460
State
MN-WI

ZIPs in Minneapolis-St. Paul-Bloomington, MN-WI

Sorted by active inventory · click a ZIP for its full report

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