Luck was on my side when I bought my house a decade ago. We got to check it out a few hours before it officially hit the market and immediately made an offer that got accepted. What's even more unusual is that we paid the listing price – a rarity for anyone attempting to buy a house in Minnesota during the past ten years.

The real estate scene here has been wild, with home prices shooting up and properties selling like hotcakes. Most homes are off the market within a day or two, and many sell for way above their listing prices. Zillow is predicting a change in 2024 which could be great news for homebuyers.

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Zillow Predicts "More homes for sale, improved affordability in 2024."

This could be big news for potential buyers who've been held back by the escalating costs. According to the real estate website, home prices might drop in several cities across Minnesota.

Close up real estate agent with house model hand putting signing contract,have a contract in place to protect it,signing of modest agreements form in office.Concept real estate,moving home or renting property
Natee Meepian, Thinkstock

Zillow says, "More homes on the market — even the gradual increase Zillow economists expect — would be good news for home buyers, spreading demand and easing upward pressure on prices."

Zillow Predicts Home Prices Will Drop In These 10 Minnesota Cities


Marshall, MN: Projected 3.5% drop by November

Minneapolis, MN: Projected 3% drop by November

New Ulm, MN: Projected 2.8% drop by November 

Rochester, MN: Projected 2.1% drop by November

Mankato, MN: Projected 1.7% drop by November 

Red Wing, MN: Projected 1.4% drop by November 

Faribault, MN: Projected 1.3% drop by November

Winona, MN Projected 1.2% drop by November 

Worthington, MN: Projected 1% drop by November

St. Cloud, MN: Projected 0.9% drop by November

If you can wait a bit to buy, it might be worth it. Now, if you're considering a move to a different city, you'll want to pick one with ample opportunities. Check out the ten Minnesota cities that are currently seeing a rise in both population and economic activity below. 

The 10 Fastest Growing Cities in Minnesota

The team at Stacker compiled a list of the fastest-growing cities in Minnesota using the latest census data.

Gallery Credit: Troy Dunken