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Longfellow

MINNEAPOLIS, MN 55406

Real Estate Market Report  ·  Hennepin County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
41
⇩ 10.9% vs 46 last year
Pending
25
61% pending ratio
Median Price
$322,400
⇧ 0.1% vs $322,175 last year
Average Price
$360,194
⇧ 2.5% vs $351,239 last year
Days on Market
44
⇩ 13.7% vs 51 days last year

Market Context

Population: 35,726  ·  Density: 2,756.0/mi²  ·  Median household income: $87,751

Typical home value: $312,726  ·  Homeownership: 66.8%

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55406) currently shows 41 active listings, with 25 pending sales. Homes are averaging 44 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 44 days on market compared to 51 days last year.

The median listing price has risen 0.1% year-over-year, from $322,175 to $322,400.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 41 this year vs 46 last year
  • Days on market: 44 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $322,400 (+0.1% YoY)
  • Average: $360,194 (+2.5% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.6 miles — 494 listings ($247,408,635 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55406Minneapolis, MN 554060.0 mi41$14,767,954$322,400$360,194
55114Saint Paul, MN 551142.3 mi11$2,935,603$272,500$266,873
55454Minneapolis, MN 554542.4 mi11$1,589,269$144,950$144,479
55105Saint Paul, MN 551052.7 mi38$23,136,946$505,000$608,867
55104Saint Paul, MN 551043.0 mi68$23,385,132$324,450$343,899
55415Minneapolis, MN 554153.0 mi41$26,629,377$399,900$649,497
55402Minneapolis, MN 554023.5 mi0$0$599,000$599,000
55108Saint Paul, MN 551083.6 mi15$6,568,380$369,900$437,892
55401Minneapolis, MN 554014.0 mi64$42,014,528$376,950$656,477
55413Minneapolis, MN 554134.2 mi20$6,852,740$332,495$342,637
55102Saint Paul, MN 551024.9 mi65$21,234,460$244,000$326,684
55410Minneapolis, MN 554105.0 mi54$62,155,728$950,000$1,151,032
55411Minneapolis, MN 554115.6 mi66$16,138,518$235,000$244,523

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55406?

As of January 2026, there are 41 active listings in MINNEAPOLIS, MN (zip code 55406), compared to 46 the prior year.

What is the median home price in MINNEAPOLIS, MN 55406?

The median listing price in MINNEAPOLIS, MN 55406 is $322,400 as of January 2026, a 0.1% increase from $322,175 the prior year.

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

Homes in MINNEAPOLIS, MN 55406 spend an average of 44 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55406?

Based on current inventory and days-on-market data as of January 2026, MINNEAPOLIS, MN 55406 is currently a Seller's Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 44 days on market compared to 51 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 55406 save an estimated $6,448 compared to a typical 5% commission on the median listing price of $322,400. 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.