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Downtown West Greater Central Nicollet Island North Loop

MINNEAPOLIS, MN 55401

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 55401

Downtown West · Greater Central · Nicollet Island · North Loop

Market Analysis

Data as of March 2026. Source: Realtor.com.

The MINNEAPOLIS, MN real estate market (55401) currently shows 91 active listings, with 13 pending sales. Homes are averaging 38 days on the market before going under contract.

Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

The median listing price has fallen 13.8% year-over-year, from $439,900 to $379,225.

Whether you are buying or selling in MINNEAPOLIS, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 11,510  ·  Density: 5,616.4/mi²  ·  Median household income: $118,188

Typical home value: $379,241  ·  Homeownership: 30.9%

Market Overview

Active Listings
91
⇩ 8.1% vs 99 last year
Pending
13
14% pending ratio
Median Price
$379,225
⇩ 13.8% vs $439,900 last year
Average Price
$588,317
⇩ 27.3% vs $808,842 last year
Days on Market
38
vs 38 days last year

Price Per Square Foot

Median $/sqft
$345
⇧ 0.6% vs $343/sqft last year
Median Home Size
1,081 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 91 this year vs 99 last year
  • Days on market: 38 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $379,225 (-13.8% YoY)
  • Average: $588,317 (-27.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.6 miles — 660 listings ($376,204,436 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55401Minneapolis, MN 554010.0 mi75$46,341,900$379,900$617,892
55415Minneapolis, MN 554150.9 mi54$39,788,766$379,900$736,829
55413Minneapolis, MN 554131.6 mi22$8,130,232$359,900$369,556
55404Minneapolis, MN 554041.7 mi51$13,122,606$219,975$257,306
55405Minneapolis, MN 554052.0 mi34$66,246,926$1,323,750$1,948,439
55418Minneapolis, MN 554182.8 mi45$15,264,495$332,450$339,211
55412Minneapolis, MN 554123.2 mi80$19,413,040$243,000$242,663
55422Minneapolis, MN 554223.8 mi72$31,272,336$351,200$434,338
55114Saint Paul, MN 551143.9 mi11$2,945,701$271,250$267,791
55416Minneapolis, MN 554164.3 mi108$77,904,180$427,500$721,335
55108Saint Paul, MN 551084.7 mi17$6,856,644$373,700$403,332
55419Minneapolis, MN 554195.6 mi35$32,562,810$482,475$930,366
55430Minneapolis, MN 554305.6 mi56$16,354,800$289,900$292,050

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55401?

As of March 2026, there are 91 active listings in MINNEAPOLIS, MN (zip code 55401), compared to 99 the prior year.

What is the median home price in MINNEAPOLIS, MN 55401?

The median listing price in MINNEAPOLIS, MN 55401 is $379,225 as of March 2026, a 13.8% decrease from $439,900 the prior year.

How long do homes stay on the market in MINNEAPOLIS, MN?

Homes in MINNEAPOLIS, MN 55401 spend an average of 38 days on the market before going under contract, compared to 38 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55401?

Based on current inventory and days-on-market data as of March 2026, MINNEAPOLIS, MN 55401 is currently a Balanced Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

How much can I save on real estate commission in MINNEAPOLIS, MN?

With SELL123.com's maximum 3% commission, sellers in MINNEAPOLIS, MN 55401 save an estimated $7,585 compared to a typical 5% commission on the median listing price of $379,225. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.