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Downtown West Elliot Park Greater Central Greater Longfellow Longfellow Loring Park Phillips Powderhorn Seward Stevens Square Whittier

MINNEAPOLIS, MN 55404

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

Neighborhoods in ZIP 55404

Downtown West · Elliot Park · Greater Central · Greater Longfellow · Longfellow · Loring Park · Phillips · Powderhorn · Seward · Stevens Square · Whittier

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55404) currently shows 63 active listings, with 18 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 49 days on market compared to 40 days last year.

The median listing price has fallen 5.4% year-over-year, from $229,900 to $217,450.

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: 28,172  ·  Density: 6,024.0/mi²  ·  Median household income: $40,817

Typical home value: $274,667  ·  Homeownership: 17.2%

Market Overview

Active Listings
63
⇩ 16% vs 75 last year
Pending
18
29% pending ratio
Median Price
$217,450
⇩ 5.4% vs $229,900 last year
Average Price
$252,917
⇧ 1.4% vs $249,506 last year
Days on Market
49
⇧ 22.5% vs 40 days last year

Price Per Square Foot

Median $/sqft
$205
⇩ 12.8% vs $235/sqft last year
Median Home Size
963 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 63 this year vs 75 last year
  • Days on market: 49 now vs 40 last year

Median & Average Pricing

Year over Year
  • Median: $217,450 (-5.4% YoY)
  • Average: $252,917 (+1.4% 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 5.0 miles — 505 listings ($187,389,251 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55404Minneapolis, MN 554040.0 mi51$13,122,606$219,975$257,306
55454Minneapolis, MN 554541.1 mi14$2,082,192$146,225$148,728
55403Minneapolis, MN 554031.3 mi66$32,274,726$279,250$489,011
55407Minneapolis, MN 554071.9 mi47$12,004,552$257,500$255,416
55414Minneapolis, MN 554142.1 mi29$14,911,220$309,900$514,180
55409Minneapolis, MN 554092.4 mi18$7,416,216$314,663$412,012
55413Minneapolis, MN 554132.7 mi22$8,130,232$359,900$369,556
55114Saint Paul, MN 551143.3 mi11$2,945,701$271,250$267,791
55417Minneapolis, MN 554174.1 mi44$16,892,436$346,225$383,919
55418Minneapolis, MN 554184.2 mi45$15,264,495$332,450$339,211
55108Saint Paul, MN 551084.4 mi17$6,856,644$373,700$403,332
55104Saint Paul, MN 551044.9 mi69$24,215,895$319,950$350,955
55422Minneapolis, MN 554225.0 mi72$31,272,336$351,200$434,338

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55404?

As of March 2026, there are 63 active listings in MINNEAPOLIS, MN (zip code 55404), compared to 75 the prior year.

What is the median home price in MINNEAPOLIS, MN 55404?

The median listing price in MINNEAPOLIS, MN 55404 is $217,450 as of March 2026, a 5.4% decrease from $229,900 the prior year.

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

Homes in MINNEAPOLIS, MN 55404 spend an average of 49 days on the market before going under contract, compared to 40 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55404?

Based on current inventory and days-on-market data as of March 2026, MINNEAPOLIS, MN 55404 is currently a Balanced Market. Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 49 days on market compared to 40 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MINNEAPOLIS, MN 55404 save an estimated $4,349 compared to a typical 5% commission on the median listing price of $217,450. 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.