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Real Estate Sales & Brokerage in Minnesota

Author.Name IBISWorld United States Last Updated: April 2025 NAICS MN53121

Real Estate Sales & Brokerage in Minnesota industry analysis

The Real Estate Sales & Brokerage industry in Minnesota is expected to decline an annualized -x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to x,xxx locations. Industry employment has increased an annualized x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x% to x,xxx locations. Industry employment is expected to increase an annualized x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Real Estate Sales & Brokerage in Minnesota Market Research Report

What’s Included in the Real Estate Sales & Brokerage in Minnesota Market Research Report

Definition of the Real Estate Sales & Brokerage in Minnesota?

The Real Estate Sales and Brokerage industry in the US comprises brokers and agents that sell, buy or rent real estate for others. Brokers and agents don't own these properties but act as intermediaries between owners or sellers and buyers or tenants.

What’s included in the Real Estate Sales & Brokerage in Minnesota?

The Real Estate Sales & Brokerage in Minnesota includes residential sales, commercial sales and real estate transaction, advisory and other services. Related terms covered in the Real Estate Sales & Brokerage in Minnesota industry report includes an individual who runs a real estate office and manages agents, a form of business that operates under a contract agreement and pays a business organization a fee to operate under the franchiser's trade name, the legal process in which an owner's right to a property is terminated, typically because the owner defaulted on the property's mortgage and the process of dropping the book value of an asset because it's overvalued compared with its current market value.

Industry Performance of the Real Estate Sales & Brokerage industry in Minnesota

Benchmark the Real Estate Sales & Brokerage in Minnesota industry performance with all MN county and national performance.

Real Estate Sales & Brokerage in Minnesota

#19 in Highest Revenue 1.5% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Real Estate Sales & Brokerage in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Real Estate Sales & Brokerage industry in Minnesota

See how key industry drivers, such as population, private investment in residential construction, median houshold income, house price index, 30-year conventional mortgage rate and existing home sales are impacting Real Estate Sales & Brokerage in Minnesota

Minnesota Economic Indicators

Population
Private Investment in Residential Construction
Median Houshold Income

View more economic information in MN State Economic profile

US Key External Drivers

House price index
30-year conventional mortgage rate
Existing home sales

For the full list of industry drivers, see report purchase options.

County Data of the Real Estate Sales & Brokerage industry in Minnesota

Access proprietary data on county in the Real Estate Sales & Brokerage in Minnesota, such as Hennepin County, Ramsey County and Dakota County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Real Estate Sales & Brokerage industry in Minnesota

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Real Estate Sales & Brokerage industry in Minnesota in 2025?

The market size of the Real Estate Sales & Brokerage industry in Minnesota is $3.6bn in 2025.

How many businesses are there in the Real Estate Sales & Brokerage industry in Minnesota in 2025?

There are 22,372 businesses in the Real Estate Sales & Brokerage industry in Minnesota, which has been growing at an average annual rate of 1.5% from 2020 to 2025.

Has the Real Estate Sales & Brokerage industry in Minnesota grown or declined over the past 5 years?

The market size of the Real Estate Sales & Brokerage industry in Minnesota has been declining at an average annual rate of -0.3% from 2020 to 2025.

How many employees in the Real Estate Sales & Brokerage industry in Minnesota in 2025?

There are 22,372 employees in the Real Estate Sales & Brokerage industry in Minnesota, which has been growing at an average annual rate of 1.5% from 2020 to 2025.