Twin Cities Housing Market Update — September 2026

By Jose Ramirez, Keller Williams Integrity Lakes | October 7, 2026

September 2026 data shows a Twin Cities housing market where home prices are still slightly above last year, buyers have more inventory to choose from, and homes are taking somewhat longer to sell. For homeowners thinking about selling in Minneapolis, St. Paul or the surrounding suburbs, that makes pricing, preparation and presentation more important than they were in a faster-moving market.

September 2026 Twin Cities Housing Market at a Glance

Source: InfoSparks, Twin Cities Region, September 2026. YoY compares September 2026 with September 2025.

What Is Happening in the Twin Cities Housing Market?

The September numbers point to a Twin Cities housing market where home values remain resilient, but homes are taking slightly longer to sell. The median sales price of $395,000 is up 1.3% from a year ago, a modest gain rather than a sharp climb.

At the same time, months of supply rose 8.0% to 2.7, which means buyers have more homes to choose from. Homes also took an average of 50 days to sell, up 4.2% from last year. In plain English: prices are steady to slightly higher, but buyers have more options and more time to decide.

Homes are still selling across the Twin Cities. But sellers should not assume that strategies that worked in the extremely competitive markets of recent years will work the same way today.

What Does the September Market Mean for Twin Cities Home Sellers?

An online estimate alone cannot tell you what your home is likely to sell for. Value depends on your neighborhood, the condition of the home, the improvements you have made, the lot, recent comparable sales, the competition you will face when you list, and buyer demand at that moment. Two similar-looking homes on the same street can sell for very different prices.

In this market, three priorities matter most for anyone selling a home in the Twin Cities:

1. Price correctly from the beginning

With more inventory available, an overpriced home can sit while buyers look at other options. Pricing based on recent comparable sales and current competition gives a listing its best chance at strong early interest.

2. Prepare the property for photography and showings

Buyers usually see a home online before they see it in person. Repairs, decluttering, cleaning and professional photography help a home make a strong first impression.

3. Understand your estimated net proceeds before you sell

The sale price is only part of the picture. Knowing what you could net after the costs of selling helps you decide whether, when and how to sell.

What Does This Market Mean for Twin Cities Home Buyers?

More inventory can give buyers more choices and, in some cases, more room to negotiate. Buyers also have more time to compare homes before making a decision.

That said, homes that are well priced and well presented can still attract strong interest, so buyers should be ready to act when the right home appears. Getting pre-approved and working with an experienced local agent helps.

Is Now a Good Time to Sell a Home in the Twin Cities?

There is no universal answer. The right time depends on your property, your equity, your goals, your timeline and the specific local market where your home sits.

A more useful question than whether the market is good is this: What would my specific home likely sell for today, and what would I net after the sale? A personalized home value analysis answers that question.

Twin Cities Real Estate Is Local

The figures above describe the Twin Cities region as a whole. Metro-wide statistics provide helpful context, but conditions can differ from one community to the next, including Minneapolis and St. Paul and suburbs such as Minnetonka, Wayzata, Eden Prairie, Edina and Chanhassen. Price range, property type and condition matter too.

That is why a home value review should look at recent sales near your home, not just metro-wide averages.

Twin Cities Housing Market FAQ

Are Twin Cities home prices going down?

Not according to the September 2026 data. The median sales price in the Twin Cities region was $395,000, up 1.3% from a year earlier. That is a modest gain, and it is a regional figure, so prices for individual homes and neighborhoods can differ.

How long does it take to sell a home in the Twin Cities?

In September 2026, homes in the Twin Cities region took an average of 50 days to sell, up 4.2% from a year earlier. How long your home takes depends on its price, condition, location and presentation.

Is the Twin Cities currently a buyer’s or seller’s market?

Months of supply was 2.7 in September 2026. A common rule of thumb treats about six months of supply as a balanced market, so 2.7 still leans toward sellers. Supply is up 8.0% from last year and homes are taking a bit longer to sell, which means buyers have more choices than they did a year ago. Conditions vary by price range and community.

How much is my Minneapolis or Twin Cities home worth?

It depends on your specific property: its location, condition, improvements, lot, and recent comparable sales nearby, along with current competition and buyer demand. An online estimate is a starting point, and a personalized home value analysis gives a more reliable picture.

Should I sell my Minnesota home now or wait until 2027?

There is no one answer, and no one can reliably predict where the market will be next year. The better approach is to look at your own situation: your equity, your goals, your timeline and what your home would likely sell for today. A home value review and an estimate of your net proceeds can help you compare selling now with waiting.

What Could Your Twin Cities Home Sell For?

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Jose Ramirez
Keller Williams Integrity Lakes
Minnesota Real Estate Agent
About Jose Ramirez

Market statistics are from InfoSparks, Twin Cities Region, September 2026, and are provided for general information only. They are not a guarantee of future market conditions or of the sale price of any home.