Recently Sold Minnesota Properties

Minnesota’s real estate market in 2025 showed resilience with varied trends across regions, from the urban Twin Cities to the rural Northwoods. Statewide, closed sales increased slightly by about 2.4% compared to 2024, reaching a three-year high in new listings up 4.6%. The median home price rose 2.9% to $355,000 statewide, with the Twin Cities metro area seeing a 2.6% increase to $390,000. However, regional differences were notable, particularly in northern Minnesota where affordability and market dynamics differ from southern and metro areas. At EOW Realty, we track recent sold properties across the state to provide insights for buyers, sellers, and investors, helping you understand local trends in this diverse market.

In the Twin Cities and southern Minnesota, the market remained competitive with low inventory—about half as many homes for sale as a decade ago—driving moderate price growth. High-end sales over $1 million surged, now comprising over 3.5% of transactions, while entry-level homes under $300,000 faced affordability challenges for first-time buyers. Homes in desirable suburbs often sold quickly, with well-priced listings attracting multiple offers. In contrast, northern Minnesota, including areas like Itasca County and surrounding counties (e.g., Beltrami, Hubbard, Cass), experienced more varied activity. For instance, regions like Grand Rapids in Itasca County saw strong sales increases, while nearby Hibbing/Virginia faced declines. Northern areas remained among the most affordable, with median prices significantly lower than statewide averages.

Focusing on northern Minnesota, Itasca County's housing market in 2025 reflected unique trends. The average home value was around $240,599, up 2.3% year-over-year, with median sale prices reaching about $236,000 by early 2026—an increase of 16.5% from the previous year. Listings rose 10.43%, providing more options for buyers, though homes took longer to sell, averaging 61 days on market. Surrounding areas like Bemidji and Hibbing/Virginia also offered affordability, with lower median prices and a mix of rural and lake-adjacent properties. Overall, northern Minnesota's market favored sellers in premium segments but provided opportunities for buyers seeking value, with inventory improvements easing some pressures seen statewide.

Sold properties across Minnesota included a broad spectrum: updated single-family homes in metro suburbs, cozy cabins in northern counties, and investment properties in growing communities like Moorhead or Mankato. Buyers in 2025 were more selective due to mortgage rates averaging around 6.3%, but experts predict moderation in 2026, with price increases slowing and more listings entering the market.

At EOW Realty, we maintain detailed records of recently sold properties, including sale prices, features, and regional specifics. Whether you're researching comps in the Twin Cities, evaluating northern lakefront sales, or analyzing trends in Itasca County, our insights help inform your decisions. Contact EOW Realty today for personalized analysis, access to sold data, or guidance on navigating Minnesota’s evolving real estate landscape—from the vibrant metro to the serene Northwoods.