How much does it cost to sell a home in Minnesota?

If you are like many Minnesota residents, your home is probably your most important asset. Selling it was a big decision. Whether you are moving to another state, moving to a suburb or shrinking, you are ready to sell and want the process to be as seamless as possible while maximizing revenue.

Following your plan, it is necessary to understand the potential costs associated with the sale of the property. This article outlines the costs you can expect and provides expert insights into the cost of selling a home in Minnesota.

Housing Trends in Minnesota

Similar to the national landscape, Minnesota’s housing market is facing high interest rates and high-priced housing prices.

“The twin-city housing market is very active right now. Many sellers are quickly getting full prices, multiple offers, and real estate is still picking up quickly,” said Chuck Carstensen, a top Minnesota real estate agent.

Here is a breakdown of the current real estate situation in Minnesota:

	As of April 2025
Days on the market	51 days
Median house sales price	$345,000
Price and Sales Price	98.1%
Inventory Supply	2.3 months
Year of population growth	+0.69%

Source: Minnesota Real Estate Agent, World Population Review

Minnesota sellers should pay attention to the number of days on the market (DOM), which indicates the average time from listing to obtaining a signed purchase agreement. In Minnesota, the average DOM is 51 days.

“The hit or missed some in rural Minnesota. Sometimes the price looks good, the house will be sold immediately, and there are multiple offers. Other times, the homes listed on what seems to be fair market prices, and still take thirty to fifty days to sell, just based on the location,” Carstensen said.

Start with the house value estimation

The first step is to get a home value estimate for estimated costs in Minnesota. Given the rapid changes in value and markets, now is a great time to assess the value of a home. You may be surprised by its value.

You can use Homelight’s Home Value Estimator to quickly ask for online estimation. This free automated valuation model (AVM) tool will analyze recent sales, local market trends, and the latest sales price for your Minnesota Home to provide a preliminary value range in less than two minutes. Just enter your address to get started.

How much does it cost to sell a home in Minnesota?

The answers are different. According to our research, the cost of selling a home in Minnesota usually ranges from 6% to 10% of your selling price.

For example, if you sell a home for $345,000 (median home price in Minnesota), your sales could be around $20,700 to $34,500.

Which end of this estimate you can expect to pay will depend heavily on your choice of home preparation, agency committees, and any offer you may offer to the buyer. Let’s take a look at what needs to be considered when calculating the cost of selling a home in Minnesota.

What are the common fees for sellers in Minnesota?

Carstensen notes that the cost of selling a home in Minnesota may vary depending on the homeowner’s situation and the state’s growing market.

Several factors may affect the cost of preparing your property for sale, including the size, age and status of the home. The estimated price below is a guide to help you plan.

Prepare for sale of the house

Preparing a home for sale in Minnesota usually costs between 1.5% and 2.7% of the home’s final sale price. Based on the median house price of $345,000, it is about $5,175 to $9,315.

Decompose these fees:

Consult your agent before working on a large project, such as kitchen remodeling or roof replacement. An experienced Minnesota real estate agent can advise you on what you need when selling your home and what you don’t have.

Real estate fees in Minnesota

Agent committees are the biggest cost in real estate transactions. In Minnesota, real estate agents’ fees range from 2.5% to 6%, depending on whether you choose to pay the buyer’s agency committee fees, which is no longer given due to a landmark court solution, which changes committee rules nationwide.

Based on the median home price of $345,000 in Minnesota, you can expect to pay $8,625 (2.5%) and $20,700 (6%) in real estate agent commissions.

While the agency committee may seem high, working with experienced professionals can have a significant impact on your ultimate net income. Homelight transaction data shows that the top 5% of agents across the United States sell for 10% more than the average agent.

Later in this article, we will explain how commissions affect your total cost of sales in our AT-A-Glance analysis chart.