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Bancroft Bryant Central Corcoran Ericsson Field Nokomis Northrup Phillips Powderhorn Powderhorn Park Regina South Minneapolis Standish

MINNEAPOLIS, MN 55407

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

Neighborhoods in ZIP 55407

Bancroft · Bryant · Central · Corcoran · Ericsson · Field · Nokomis · Northrup · Phillips · Powderhorn · Powderhorn Park · Regina · South Minneapolis · Standish

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55407) currently shows 66 active listings, with 29 pending sales. Homes are averaging 28 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 28 days on market compared to 36 days last year.

The median listing price has fallen 8.8% year-over-year, from $285,000 to $259,900.

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: 36,997  ·  Density: 3,558.4/mi²  ·  Median household income: $74,518

Typical home value: $290,450  ·  Homeownership: 60.5%

Market Overview

Active Listings
66
⇧ 3.1% vs 64 last year
Pending
29
44% pending ratio
Median Price
$259,900
⇩ 8.8% vs $285,000 last year
Average Price
$258,346
⇩ 6% vs $274,731 last year
Days on Market
28
⇩ 22.2% vs 36 days last year

Price Per Square Foot

Median $/sqft
$184
⇩ 5.6% vs $195/sqft last year
Median Home Size
1,253 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 66 this year vs 64 last year
  • Days on market: 28 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $259,900 (-8.8% YoY)
  • Average: $258,346 (-6% 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 — 673 listings ($431,956,819 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55407Minneapolis, MN 554070.0 mi47$12,004,552$257,500$255,416
55406Minneapolis, MN 554061.6 mi46$14,954,370$324,950$325,095
55408Minneapolis, MN 554082.1 mi62$20,256,392$219,900$326,716
55454Minneapolis, MN 554542.5 mi14$2,082,192$146,225$148,728
55415Minneapolis, MN 554152.8 mi54$39,788,766$379,900$736,829
55402Minneapolis, MN 554023.0 mi1$569,000$569,000$569,000
55410Minneapolis, MN 554103.5 mi60$71,385,360$931,500$1,189,756
55401Minneapolis, MN 554013.6 mi75$46,341,900$379,900$617,892
55105Saint Paul, MN 551054.2 mi50$26,207,700$477,500$524,154
55116Saint Paul, MN 551164.4 mi39$25,046,151$539,950$642,209
55416Minneapolis, MN 554164.5 mi108$77,904,180$427,500$721,335
55424Minneapolis, MN 554244.7 mi41$76,883,200$1,878,750$1,875,200
55411Minneapolis, MN 554115.0 mi76$18,533,056$229,925$243,856

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55407?

As of March 2026, there are 66 active listings in MINNEAPOLIS, MN (zip code 55407), compared to 64 the prior year.

What is the median home price in MINNEAPOLIS, MN 55407?

The median listing price in MINNEAPOLIS, MN 55407 is $259,900 as of March 2026, a 8.8% decrease from $285,000 the prior year.

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

Homes in MINNEAPOLIS, MN 55407 spend an average of 28 days on the market before going under contract, compared to 36 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55407?

Based on current inventory and days-on-market data as of March 2026, MINNEAPOLIS, MN 55407 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 28 days on market compared to 36 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 55407 save an estimated $5,198 compared to a typical 5% commission on the median listing price of $259,900. 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.