The best time to sell your house in the Twin Cities
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The next six weeks are prime time for Twin Cities homeowners who want to prep their homes for sale this year.
Why it matters: A new report from Zillow confirms what many of us already assumed: May is the hottest month to list a home locally.
By the numbers: Homes listed in the Minneapolis metro area in the second half of last May sold for 2.9% more than any other time of the year, Zillow researchers found.
- That translates to an extra $11,100 for a "typical" home, which Zillow values at roughly $371,000.
The big picture: Mortgage rates remain elevated this spring, with the average rate for a 30-year mortgage staying just under 7% for nine straight weeks, Freddie Mac data shows.
State of play: Some shoppers have adjusted to higher rates, though many still feel priced out or find few options available.
Case in point: As we reported last week, Minnesota Realtors data shows there were 4.7% fewer metro-area houses on the market in February 2025 compared to February 2024.
- The median sale price jumped 7.1%, to $385,000.
What we're watching: Supply — and demand — typically pick up in the spring or summer, as families look to move between school years and sellers seek to capitalize on the busy season for buyers.
Zoom out: While late May was also the hottest period nationwide, Zillow research shows the "best time to sell" depends on where you live.
- It was as early as March in San Diego (+2%) last year and as late as November in Phoenix (+1.4%).
Zoom in: Twin Cities sellers can fetch higher prices throughout the spring and early summer, Zillow found, with the boost dropping off by late July.
The other side:Homes listed in December sold for 6.8% less — a drop of over $25,000.
The intrigue: While the "perfect time" can vary based on who you ask, spring listings likely maximize your chances.
- A national analysis by Realtor.com found the ideal week to list nationwide is coming up between April 13 and 19.
If you try (to sell): Exterior upgrades like new garage doors and decks can have some of the highest ROI for sellers, according to Angi data shared with Axios.
Go Deeper: The best time to sell your house, based on where you live