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MINNEAPOLIS, MN 55405

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

Neighborhoods in ZIP 55405

Bryn-Mawr · Calhoun Isles · Cedar-Isles · East Isles · Greater Near North · Harrison · Kenwood · Lowry Hill · Lowry Hill East · North Loop · Sumner-glenwood · Whittier

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55405) currently shows 50 active listings, with 9 pending sales. Homes are averaging 73 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 73 days on market compared to 38 days last year.

The median listing price has fallen 10.3% year-over-year, from $724,700 to $649,750.

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Market Context

Market Context

Population: 17,099  ·  Density: 2,330.0/mi²  ·  Median household income: $66,901

Typical home value: $440,928  ·  Homeownership: 36.4%

Market Overview

Active Listings
50
⇩ 2% vs 51 last year
Pending
9
18% pending ratio
Median Price
$649,750
⇩ 10.3% vs $724,700 last year
Average Price
$1,182,876
⇩ 17.9% vs $1,441,643 last year
Days on Market
73
⇧ 92.1% vs 38 days last year

Price Per Square Foot

Median $/sqft
$304
⇧ 2.7% vs $296/sqft last year
Median Home Size
2,352 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 50 this year vs 51 last year
  • Days on market: 73 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $649,750 (-10.3% YoY)
  • Average: $1,182,876 (-17.9% 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 — 577 listings ($352,249,121 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55405Minneapolis, MN 554050.0 mi34$66,246,926$1,323,750$1,948,439
55402Minneapolis, MN 554021.7 mi1$569,000$569,000$569,000
55401Minneapolis, MN 554012.0 mi75$46,341,900$379,900$617,892
55404Minneapolis, MN 554042.2 mi51$13,122,606$219,975$257,306
55415Minneapolis, MN 554152.3 mi54$39,788,766$379,900$736,829
55409Minneapolis, MN 554093.0 mi18$7,416,216$314,663$412,012
55407Minneapolis, MN 554073.5 mi47$12,004,552$257,500$255,416
55412Minneapolis, MN 554123.9 mi80$19,413,040$243,000$242,663
55414Minneapolis, MN 554143.9 mi29$14,911,220$309,900$514,180
55427Minneapolis, MN 554274.5 mi58$23,394,764$314,900$403,358
55418Minneapolis, MN 554184.6 mi45$15,264,495$332,450$339,211
55424Minneapolis, MN 554244.8 mi41$76,883,200$1,878,750$1,875,200
55417Minneapolis, MN 554175.6 mi44$16,892,436$346,225$383,919

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55405?

As of September 2026, there are 50 active listings in MINNEAPOLIS, MN (zip code 55405), compared to 51 the prior year.

What is the median home price in MINNEAPOLIS, MN 55405?

The median listing price in MINNEAPOLIS, MN 55405 is $649,750 as of September 2026, a 10.3% decrease from $724,700 the prior year.

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

Homes in MINNEAPOLIS, MN 55405 spend an average of 73 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 55405?

Based on current inventory and days-on-market data as of September 2026, MINNEAPOLIS, MN 55405 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 73 days on market compared to 38 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 55405 save an estimated $12,995 compared to a typical 5% commission on the median listing price of $649,750. 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.