What's the average days on market for $1M+ homes in the Twin Cities?
Answered by Chris Deutsch, Founder & Editor
Licensed Minnesota Realtor #20382264 ·
The short answer
The $1M+ segment in the Twin Cities typically takes longer to sell than the broader market — often several weeks to a couple of months — but that average hides the real story.
On stage The 60-second answer
Captions on · Transcript below
The stage is set.
Chris's video answer is on its way. Until then, the short answer above says the same thing.
The transcript posts with the video.
The longer answer
A move-in-ready home on Lake Minnetonka? It can go in 14 days with multiple offers. A dated $1.2M Tudor in Edina that needs updating? It might sit 90 days.
The luxury tier doesn't move like the rest of the market. Here's what I tell my clients:
1. Pricing precision matters more than ever
Overprice by 5% at this level and you're invisible for 30 days. Underprice and buyers wonder what's wrong.
2. Condition is non-negotiable
At $1M+, buyers expect move-in ready. If it needs work, price it accordingly or fix it first.
3. The right buyer pool is smaller
Fewer buyers means fewer showings but more serious ones. Patience pays off here.
4. Season matters less at this price point
Luxury buyers don't move on school schedules. They move when the right home appears.
The key? Don't chase the average. Price right, present well, and wait for the right buyer — not just any buyer.
The next department over
What people in this spot usually ask next.
- Divorce & separationWe both just want this done. How fast can the house sell?Read the answer
- Myth-busting & headline checksWhat's the Twin Cities real estate market like in 2026?Read the answer
- The simultaneous buy-sellShould I sell first or buy first in the Twin Cities market?Read the answer
- Senior transitionsWhat if Dad has dementia and never signed a power of attorney?Read the answer
- Relocation to the Twin CitiesWe moved here six months ago and I'm still lonely. Did we make a mistake?Read the answer
- Selling processWhat's the best time to sell my home in the Twin Cities?Read the answer
From the editor's desk
“As Founder and Editor, I review, correct, and stand behind every answer.”
Is your situation more specific than the market? That's the one worth talking through.