Twin Cities Housing Market Update: October 2025

Wondering how the Twin Cities housing market is performing as we move through fall 2025—and what it means for your next move?

The latest October data shows a market that’s still moving, with steady prices, slightly slower pace, and more balance than we’ve seen in the past few years. If you’re planning a move soon, this update will help you understand what to expect and how to prepare.

New Listings Are Up Slightly

Homeowners continued to list this fall, with 5,887 new listings hitting the Twin Cities market in October—up 2.6% from the same time last year. (Source: October 2025 Market Indicators Report)

This gives buyers a bit more choice than they’ve had in recent years, though inventory is still well below what would be considered “plenty.” For you, it means homes are getting attention while buyers scan each new option carefully.

Buyer Activity Has Shifted

Pending sales dipped slightly, down 2.8% year-over-year to 3,866. Buyers are out there—they’re just more selective and taking more time to make decisions.

This shift makes preparation and pricing more important than ever. The right strategy can help your home stand out among the increased listing activity.

Closed Sales Are Essentially Flat

Closed sales came in at 4,116, nearly identical to last year’s numbers. This points to a market that’s steady, not stalled. Buyers who are active are serious, but they’re also watching the data closely.

Home Prices Continue Their Gradual Rise

Prices in the Twin Cities housing market are still trending upward, though at a more moderate pace than in recent years. The median sales price reached $389,900 in October, up 2.1% year-over-year.

This kind of steady growth is healthy and predictable. For you, it means your equity remains strong, but buyers expect homes to be priced realistically—not padded with a “market premium” like we saw during the frenzied years.

Homes Are Taking a Little Longer to Sell

The average time on market increased to 48 days, compared with 45 days last October. A 6.7% increase isn’t dramatic, but it’s a reminder that today’s buyers want to feel confident in their choices.

When you’re selling, strong preparation—cleaning, repairs, staging, and professional photos—helps keep your timeline on track.

Inventory Levels Have Eased Just Slightly

Total inventory dipped 1.3% to 10,322 homes across the region. Despite the drop, buyers are still feeling some relief compared to the extremely tight markets of the past few years.

However, with just 2.7 months of supply, the Twin Cities still leans toward a seller-friendly environment. A balanced market typically sits closer to 5–6 months of supply.

What This Means for You If You’re Planning a Move

Today’s market rewards strategy. Here’s how to make it work for you:

• Price with intention. Buyers are paying attention to value. Homes priced correctly from day one get better traction.


• Prepare thoughtfully. Even small updates or repairs help your home rise above the competition.


• Plan your sale and purchase together. Whether you're upsizing, downsizing, or moving within Minnesota, timing matters more in a balanced market.

If you're considering a move in the next 3–12 months, this is an ideal moment to map out the right approach so you’re not caught off guard by timelines or market shifts.

Create a Clear Plan With a Home Move Plan

Your best next step is to get a personalized roadmap that takes today’s Twin Cities housing market data and applies it to your exact situation.

When you schedule a Home Move Plan, the Sandy Erickson Real Estate Team will help you understand:

• Your home’s likely value based on current market trends


• The best timing to sell


• How to prepare your home without overdoing it


• Your options for buying your next home smoothly

Call 651-998-2098 to set up your Home Move Plan consultation. It’s a simple step that gives you clarity, confidence, and a strategy tailored to your goals.