Twin Cities Home Prices Hit Record-High: Median Surpasses \$400,000
The *Twin Cities housing market* just reached a historic milestone—according to the latest data from Minnesota Realtors, the *median home price in the metro has hit \$401,000*, marking the first time ever the average has crossed the \$400K threshold.
This record comes as both seller and buyer activity continue to rise, though at very different rates. Seller activity is up 4.4% year-over-year, while buyer activity increased just 0.8%. In today’s competitive climate, many homes receive multiple offers, further intensifying the challenge for buyers—especially younger or first-time buyers.
“Affordability is a major issue,” says Richard Webb of the Webb Group, who has been working in the metro since 2004. “In 2010, sellers had no leverage. Today, they absolutely do.”
That leverage is showing up in bidding wars and stress for buyers. “I found it extremely stressful,” said one recent homebuyer.
Despite the high prices, inventory is slowly starting to recover, giving hope to those still house hunting. And every suburb—from Lake Elmo to Prior Lake—is on people’s radar.
If you're thinking about buying or selling a home in the Twin Cities, now is the time to understand your position and move strategically.
👉 Want to talk about your next move? Reach out to Darin Bjerknes, Twin Cities Realtor and founder of Minnesōtan.
*#TwinCitiesRealEstate #MinnesotaHousingMarket #MedianHomePrice2025 #MinneapolisRealEstate #StPaulHomes #DarinBjerknes #MinnesotanRealtor #MNRealEstateTrends*
