The Best Time to Buy a House in Minnesota


Ben Mizes


April 7th, 2019


Minnesota is a state of (many more than) 10,000 lakes. It has incredible natural beauty, affordable living, and great job opportunities. Buying a home there makes perfect sense, but when should you buy? And how do you get the best deal? Find out below.

Minnesota is known for its four beautiful seasons along with a host of festivals and activities. It’s an affordable place to live, which means you can have plenty of fun at everything from the lakes (over 11,000 in all) to the year-round fairs and shows.

Deciding to move to Minnesota — or buy a new home within the state — is the simple part. But how do you know the best time to buy? The seasons have a big impact on when homes are available and at what prices they sell.

Of course, individual marketing within specific cities will fluctuate even more. To find the best time to buy in the specific market you’re interested in, it’s best to work with an experienced buyer’s agent. They can help you find the right home at the right time.

Best Time of Year to Buy in Minnesota

Minnesota is known for its harsh winters, so buying in the winter is rarely ideal. However, if you find a home on the market during that time, the sellers are almost certainly extremely motivated to sell and you could get a great deal.

If you want to shop when the most homes are available, consider looking during the spring and summer. This is the real estate busy season in Minnesota, however, so expect high-quality homes to move quickly.

Right now most of Minnesota is a seller’s market, meaning that there are more buyers than homes available. That results in homes selling for higher prices, especially if there’s a bidding war for a property. However, it’s possible that things are slowly shifting toward buyers in the Twin Cities area.

To get the best deals with reasonable house-hunting weather and a variety of homes available, look for houses in Minnesota in the late summer and early fall. You’ll still have homes to choose from but you’ll have far less competition.

Best Places to Buy a Home in Minnesota

Curious where the best places to live in Minnesota are? Here are five cities to consider. They rank highly in terms of housing, job opportunities, culture, and much more.

Rochester. Rochester, MN is ranked #2 on’s “Best Cities to Buy a House.” Home to the Mayo Clinic and the University of Minnesota-Rochester, you’ll find a strong economy and plenty to do in this affordable city. The median home price is only $176,100, and there is incredible access to arts, culture, and a thriving food scene.

Minneapolis. Minneapolis and its many suburbs are great places to live because you get access to a strong job market, a diverse population, and strong schools. It’s more expensive, as you might expect of a larger city, but is much more affordable than other major cities.

St. Paul. The other one of the Twin Cities, St. Paul is also an excellent choice if you’re buying a home in Minnesota. Where Minneapolis is more urban, St. Paul has a suburban feel. You’ll find less expensive housing than Minneapolis as well. There are good schools and an above-average job market in St. Paul.

St. Cloud. With a population of 67,093, St. Cloud is an affordable town with a median home value of only $145,500. It’s relatively diverse in terms of age and education, and there are a variety of job options as well. Schools are above average and you’ll find a historic downtown and a lot of fun to enjoy.

Northfield. With excellent schools and a mix of college students, young families, and retirees, there’s something to love for everyone in Northfield. The median home values are slightly above the national average, but the employment options are top-notch.

4 Ways to Get a Great Deal on a Home in Minnesota

Now that you know the best time to buy and some great cities to consider, it’s time to think about how to get the best deal on your dream home. Here are some tips!

Find a Great Minnesota Real Estate Agent

When you’re buying a home in Minnesota, you don’t want to go it alone. A seller’s agent will negotiate with you to get the highest price possible, and you need an agent on your side to make it fair. A low-cost full-service buyer’s agent will also clue you in to great deals and help you move quickly once you find a home you like.

Learn More: What Does a Real Estate Agent Do for a Buyer?

Assess Your Needs and Lay Out Your Goals

Work with your agent to determine what you’re looking for in a home. What are your must-haves, and what features are simply nice? What kind of budget are you working with? Do you want to do any repairs, or are you looking for a home that’s ready to go from day one? Once you set your goals, your agent can help you find your dream home.

Learn More: What to Look for When Buying a Home

Find a Lender and Secure Financing

There are a lot of programs to help home buyers in Minnesota, whether this is your first home purchase or your 10th. You may be able to get a lower interest rate, help with your down payment, and more. Figuring out what programs fit your needs can be a challenge, but your Realtor will help you narrow your options down and find a lender who can work with you.

Learn More: A Step-By-Step Guide to the Home Loan Process

Negotiate For the Best Possible Price

You’ve found your dream home, it’s time to put in an offer! Your agent can help you choose an offer that’s favorable to you but acceptable to the seller. You may need help negotiating as well. After the inspection comes back, there may be more negotiations if repairs are needed.

Learn More: How to Find a Buyer’s Agent That’s a Good Negotiator

Next Steps to Buy Your Minnesota Home

Buying a home with a Clever Partner Agent gets you an incredible full-service experience with an experienced local Realtor. But that’s not where the benefits end. You may also be able to get a cash rebate of $1,000.

Use that cash toward your down payment, your closing costs, or just pocket the cash! It’s up to you. Ready to get started? Fill out the online form and a Clever representative will contact you. We’ll answer your questions and set up a no-obligation consultation with a Clever Partner Agent. Let’s find your dream home!

Related Articles

You May Also Like