Most real estate agents in Minnesota get paid through commissions. Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. The average agent commission rate nationwide is 5.8% of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year. But how does that compare to the average real estate commission rate in Minnesota? In this post, we’ll help you determine how much commission you might pay on your Minnesota home sale, and what options are available to earn the highest proceeds possible. According to Paul Augustinack, a top real estate agent in the Brainerd, Minnesota area, you can expect to pay around 6%, possibly up to 7%, in agent commissions when selling a home in Minnesota, with some variation based on location within the state. On a property worth the current statewide median home sale price of $320,000, that amounts to $19,200 in commission costs. Here’s a breakdown of how much you might pay in real estate commissions based on what a typical home sells for in six different regions within Minnesota:
HomeLight gathers agent commission data from cities throughout the U.S. To see if we have commission rates for your city, try our Agent Commissions Calculator. You might also be interested in our Home Value Estimator. Still curious about commission rates in Minnesota? Here are the answers to common questions about real estate agent commissions: The commission is typically paid by the home seller. The seller’s agent will then share a portion of the commission with the buyer’s agent. We’ll discuss this split in greater detail below.What’s the average real estate commission in Minnesota?
Minnesota Region
Median home price
Typical commission at 6%
Twin Cities (Minneapolis, St. Paul)
$357,500
$21,450
North Central (Brainerd)
$245,000
$14,700
Southeast (Rochester)
$270,000
$16,200
Southwest (Pipestone, Worthington)
$168,000
$10,080
Upper Valley (Granite Falls, Benson)
$114,000
$6,840
Headwaters (Bagley, Baudette)
$233,000
$13,980
Who pays real estate commission fees?
