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MINNEAPOLIS, MN 55406

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

Neighborhoods in ZIP 55406

Cooper · Corcoran · Ericsson · Greater Longfellow · Hiawatha · Howe · Longfellow · Nokomis · Powderhorn · Seward · Standish

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55406) currently shows 86 active listings, with 47 pending sales. Homes are averaging 28 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 28 days on market compared to 32 days last year.

The median listing price has fallen 5.1% year-over-year, from $353,700 to $335,700.

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

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

Market Overview

Active Listings
86
vs 86 last year
Pending
47
55% pending ratio
Median Price
$335,700
⇩ 5.1% vs $353,700 last year
Average Price
$361,356
⇩ 5.9% vs $383,955 last year
Days on Market
28
⇩ 12.5% vs 32 days last year

Price Per Square Foot

Median $/sqft
$246
vs $246/sqft last year
Median Home Size
1,320 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 28 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $335,700 (-5.1% YoY)
  • Average: $361,356 (-5.9% 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 — 562 listings ($283,770,138 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55406Minneapolis, MN 554060.0 mi46$14,954,370$324,950$325,095
55114Saint Paul, MN 551142.3 mi11$2,945,701$271,250$267,791
55454Minneapolis, MN 554542.4 mi14$2,082,192$146,225$148,728
55105Saint Paul, MN 551052.7 mi50$26,207,700$477,500$524,154
55104Saint Paul, MN 551043.0 mi69$24,215,895$319,950$350,955
55415Minneapolis, MN 554153.0 mi54$39,788,766$379,900$736,829
55402Minneapolis, MN 554023.5 mi1$569,000$569,000$569,000
55108Saint Paul, MN 551083.6 mi17$6,856,644$373,700$403,332
55401Minneapolis, MN 554014.0 mi75$46,341,900$379,900$617,892
55413Minneapolis, MN 554134.2 mi22$8,130,232$359,900$369,556
55102Saint Paul, MN 551024.9 mi67$21,759,322$233,750$324,766
55410Minneapolis, MN 554105.0 mi60$71,385,360$931,500$1,189,756
55411Minneapolis, MN 554115.6 mi76$18,533,056$229,925$243,856

Frequently Asked Questions

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

As of June 2026, there are 86 active listings in MINNEAPOLIS, MN (zip code 55406), compared to 86 the prior year.

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

The median listing price in MINNEAPOLIS, MN 55406 is $335,700 as of June 2026, a 5.1% decrease from $353,700 the prior year.

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

Homes in MINNEAPOLIS, MN 55406 spend an average of 28 days on the market before going under contract, compared to 32 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 June 2026, MINNEAPOLIS, MN 55406 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 28 days on market compared to 32 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 $6,714 compared to a typical 5% commission on the median listing price of $335,700. 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.