Sell Your Land inMinnesota
Looking to sell land in Minnesota? The median sale price for Minnesota land is $110K, with 4,599 parcels sold statewide in the past 12 months. Whether you own a small residential lot or a large rural tract, EasyLotBuyer provides fair cash offers in 24 hours and can close in as few as 7 days — no fees, no commissions, no hassle.
Minnesota Land Market Overview
$110K
Median Land Price
4,599
Sold (12 Months)
6,037
Active Listings
147
Avg Days on Market
$934.0M
Total Volume (12mo)
4.0%
Sell-Through Rate
$100K
Median Asking Price
+15.2%
Price Change (YoY)
The median price per acre for land in Minnesota is $27K. Sellers are listing at a median asking price of $87K/acre versus a median sold price of $27K/acre, reflecting the typical negotiation gap between asking and closing prices. Land prices have increased 15.2% year-over-year and risen 22.6% month-over-month.
With 17.2 months of supply, Minnesota's land market is currently a buyer's market. The 12-month absorption rate is 6.3%, indicating how quickly available inventory is being purchased. The state unemployment rate is 3.7% with a GDP of $399.3 billion, which influences local demand for land and development. The current 30-year mortgage rate of 6.18% affects financing for land purchases nationwide.
Land Prices by Acreage in Minnesota
How land values in Minnesota vary by parcel size, based on recent sales data.
| Acreage | Median Price | $/Acre | Sold (12mo) | For Sale | Avg DOM |
|---|---|---|---|---|---|
| Under 1 Acre | $60K | $208K | 1,418 | 2,902 | 211d |
| 1-2 Acres | $90K | $71K | 438 | 658 | 154d |
| 2-5 Acres | $100K | $33K | 731 | 982 | 141d |
| 5-10 Acres | $95K | $15K | 439 | 394 | 104d |
| 10-20 Acres | $128K | $10K | 399 | 300 | 116d |
| 20-50 Acres | $145K | $5K | 653 | 352 | 94d |
| 50-100 Acres | $260K | $4K | 313 | 200 | 82d |
| 100+ Acres | $512K | $3K | 172 | 175 | 85d |
Small parcels (Under 1 Acre) in Minnesota sell for a median of $208K/acre, while larger parcels (100+ Acres) average $3K/acre — a 98% difference per acre. This per-acre discount for larger parcels is typical across most land markets.
Want to know what your specific parcel is worth?
These are county-wide averages. Your land's value depends on location, road access, utilities, zoning, and other factors. Submit your property above for a personalized cash offer based on your parcel's specific characteristics.
How to Sell Land in Minnesota — 3 Simple Steps
Sell your Minnesota land fast without the hassle of traditional listings. No commissions, no fees, no waiting.
Submit Your Property
Tell us about your Minnesota land — location, size, and any details you have. No paperwork, no obligation. Takes about 2 minutes.
Get a Cash Offer
We research your property using Minnesota market data and deliver a fair, no-obligation cash offer within 24 hours. No haggling, no surprises.
Close and Get Paid
Accept the offer and we handle everything — title work, closing coordination, and all closing costs. Close in as few as 7 days and receive your cash.
What Affects Land Value in Minnesota
Understanding these key factors helps you evaluate what your Minnesota vacant land is worth.
Location & Proximity
Land near cities, highways, and amenities commands higher prices. Remote parcels in Minnesota may sell for less per acre but attract buyers seeking privacy or recreational use.
Road Access & Utilities
Paved road frontage and available utilities (water, electric, sewer) significantly increase land value. Landlocked parcels or those requiring well/septic typically sell at a discount.
Zoning & Permitted Use
Residential, commercial, or agricultural zoning directly impacts what a parcel is worth. Land zoned for development in growing Minnesota markets often carries a premium.
Parcel Size
Smaller lots typically command higher per-acre prices, while larger tracts offer lower per-acre rates but higher total value. Minnesota's most active market segment varies by county.
Farmland Values in Minnesota
According to USDA data (2023), Minnesota cropland averages $6,310/acre and pastureland averages $1,940/acre. The overall average farm real estate value in Minnesota is $6,110/acre. These agricultural benchmarks provide context for rural land pricing, though individual parcel values depend on soil quality, water access, and improvements.
Sell Land in Minnesota Without a Realtor
Compare your options for selling land in Minnesota. Traditional listings can take months — we close in days.
Real Estate Agent | Sell By Owner (FSBO) | EasyLotBuyer | |
|---|---|---|---|
| Time to Sell | 147+ days avg | 191+ days avg | 7-14 days |
| Commission/Fees | 6-10% of sale price | Listing fees + closing costs | $0 — we pay all costs |
| Closing Costs | Transfer tax: $1.65 per $500 (state deed tax) | Transfer tax: $1.65 per $500 (state deed tax) | We cover everything |
| Repairs/Prep | Survey, clearing may be needed | Survey, clearing, signage | We buy as-is |
| Showings | Multiple site visits | You manage all showings | No showings needed |
| Certainty | Buyer financing may fall through | High risk of no sale | Guaranteed cash close |
Land in Minnesota takes an average of 147 days to sell through traditional channels. By selling directly to EasyLotBuyer, you can skip the listing process entirely and close in as few as 7 days with a guaranteed cash offer.
Taxes and Closing Costs for Selling Land in Minnesota
Capital Gains Tax
When you sell land in Minnesota for more than you paid, the profit is subject to capital gains tax. If you've held the property for more than one year, you'll pay long-term capital gains rates (0%, 15%, or 20% federally, depending on your income).
State tax: Minnesota has a graduated income tax from 5.35% to 9.85%. Capital gains are typically taxed as regular income at the state level.
Closing Costs in Minnesota
Transfer Tax
$1.65 per $500 (state deed tax)
Typically paid by: seller
Recording Fees
$46-$100
When you sell to EasyLotBuyer, we cover all closing costs including transfer taxes, recording fees, title search, and title insurance. The cash offer you receive is the amount you take home.
Attorney & Closing Requirements
Minnesota does not require an attorney for real estate closings. Transactions are typically handled by a title company.
Minnesota requires seller disclosures for real property transfers. When you sell to EasyLotBuyer, we guide you through any required disclosures and handle all paperwork.
Mineral Rights in Minnesota
Mineral rights can be severed. Minnesota has significant iron ore mineral rights on the Iron Range. If you're unsure about the mineral rights status of your property, include this information when you submit your property details and our team will research it during due diligence.
We Buy Land in Every Minnesota County
Select your county below for local market data and a cash offer, or submit your property above.
Frequently Asked Questions About Selling Land in Minnesota
Common questions from Minnesota landowners considering selling their property.
You have three main options: list with a real estate agent (6-10% commission), sell by owner (FSBO), or sell directly to a land buyer like EasyLotBuyer. Traditional listings in Minnesota take an average of 147 days to sell. With EasyLotBuyer, you submit your property details, receive a cash offer within 24 hours, and can close in as few as 7-14 days. We handle all paperwork, title work, and closing costs — you pay nothing out of pocket. Minnesota does not require an attorney for closings, making the process straightforward.