Why Minneapolis is Becoming a Hotspot for High-End Home Buyers

Minneapolis is quietly emerging as one of the nation’s most approachable luxury real estate markets.

According to Realtor.com’s Luxury Housing Report, the entry point for Minneapolis sits just below $1 million at $995,404—well under the national benchmark of $1.22 million—making high-end homes more accessible than in many coastal cities.

Luxury properties here are moving fast. Days on the market have dropped 10.4% year over year, signaling strong buyer demand. Homes in the $1–2 million range average 4,148 square feet, offering significantly more space than the national median. Waterfront estates near Lake Minnetonka and new-construction homes in top-rated school districts are driving the market’s appeal.

“The Minneapolis metro offers a compelling blend of livability, substantial square footage, and amenities that would command significantly higher premiums in other major U.S. markets,” explains Anthony Smith, senior economist at Realtor.com, highlighting why the Twin Cities remain an attractive option for high-end buyers.

Corporate strength also fuels luxury demand. Minneapolis hosts headquarters for companies like Target, UnitedHealth Group, and Best Buy, attracting executives and high-earning professionals seeking premium homes that match lifestyle and location priorities, according to the report.

With spacious homes, strong local amenities, and competitive pricing compared to coastal markets, Minneapolis is solidifying its place as a standout luxury market in the Midwest.

Read the full Realtor.com report here.

View more Market Updates on LuxuryRealty.com.

Source:
Realtor.com, This Surprising Midwestern Metro Emerges as a Luxury Market Powerhouse, October 2025.