Comprehensive market data and analysis• Updated Oct 2026
11.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 6 | 31 | 66 | 118 |
| 1-2 acres | 2 | 6 | 11 | 20 |
| 2-5 acres | 2 | 6 | 15 | 27 |
| 5-10 acres | - | 3 | 8 | 16 |
| 10-20 acres | - | 2 | 4 | 5 |
| 20-50 acres | 1 | 1 | 2 | 6 |
| 50-100 acres | 1 | 1 | 1 | 1 |
| 100+ acres | - | 1 | 1 | 1 |
| TOTAL | 12 | 51 | 108 | 194 |
Acreage buckets
The median price for land in Hennepin County, Minnesota is currently $400K per acre. For a typical parcel, the median sale price is $325K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $65K while premium lots reached $1.2M.
Hennepin County, Minnesota is currently a buyer's market with 11.5 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 4.1% year-over-year.
Hennepin County, Minnesota currently has 11.5 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
Land in Hennepin County, Minnesota averages $993K per acre. The median price per acre is $400K, which may be more representative of typical transactions. Most parcels sold are around 27,465 sq ft.
Land in Hennepin County, Minnesota typically sells within 172 days of listing. The median time on market is 85 days. Properties are moving slowly in the current buyer's market.
The current absorption rate in Hennepin County, Minnesota is 8.7% (3-month basis), indicating moderate demand. With depreciating values (-4.1% YoY), buyers may find value opportunities. The top-performing broker in this market is Coldwell Banker Realty.
Over the past 12 months, Hennepin County, Minnesota saw 190 properties sold, totaling $99.0M in sales volume. In just the last 3 months, 51 properties changed hands.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Hennepin County on LandyDandy.
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