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Calhoun Isles Carag Central East Isles Ecco Linden Hills Lowry Hill East Lyndale Phillips Powderhorn West Calhoun Whittier

MINNEAPOLIS, MN 55408

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

Neighborhoods in ZIP 55408

Calhoun Isles · Carag · Central · East Isles · Ecco · Linden Hills · Lowry Hill East · Lyndale · Phillips · Powderhorn · West Calhoun · Whittier

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55408) currently shows 84 active listings, with 22 pending sales. Homes are averaging 33 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 33 days on market compared to 38 days last year.

The median listing price has fallen 16.5% year-over-year, from $298,725 to $249,475.

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: 32,312  ·  Density: 4,643.2/mi²  ·  Median household income: $70,158

Typical home value: $375,425  ·  Homeownership: 24.7%

Market Overview

Active Listings
84
⇩ 3.4% vs 87 last year
Pending
22
26% pending ratio
Median Price
$249,475
⇩ 16.5% vs $298,725 last year
Average Price
$395,680
⇩ 9.6% vs $437,472 last year
Days on Market
33
⇩ 13.2% vs 38 days last year

Price Per Square Foot

Median $/sqft
$228
⇧ 3.2% vs $221/sqft last year
Median Home Size
1,213 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 84 this year vs 87 last year
  • Days on market: 33 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $249,475 (-16.5% YoY)
  • Average: $395,680 (-9.6% 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 5.3 miles — 720 listings ($348,700,911 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55408Minneapolis, MN 554080.0 mi62$20,256,392$219,900$326,716
55403Minneapolis, MN 554031.9 mi66$32,274,726$279,250$489,011
55404Minneapolis, MN 554042.0 mi51$13,122,606$219,975$257,306
55410Minneapolis, MN 554102.4 mi60$71,385,360$931,500$1,189,756
55402Minneapolis, MN 554022.5 mi1$569,000$569,000$569,000
55415Minneapolis, MN 554152.8 mi54$39,788,766$379,900$736,829
55401Minneapolis, MN 554013.1 mi75$46,341,900$379,900$617,892
55406Minneapolis, MN 554063.6 mi46$14,954,370$324,950$325,095
55417Minneapolis, MN 554173.9 mi44$16,892,436$346,225$383,919
55426Minneapolis, MN 554264.4 mi70$24,178,980$318,475$345,414
55423Minneapolis, MN 554234.7 mi70$20,602,190$308,700$294,317
55422Minneapolis, MN 554225.1 mi72$31,272,336$351,200$434,338
55435Minneapolis, MN 554355.3 mi49$17,061,849$172,450$348,201

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55408?

As of April 2026, there are 84 active listings in MINNEAPOLIS, MN (zip code 55408), compared to 87 the prior year.

What is the median home price in MINNEAPOLIS, MN 55408?

The median listing price in MINNEAPOLIS, MN 55408 is $249,475 as of April 2026, a 16.5% decrease from $298,725 the prior year.

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

Homes in MINNEAPOLIS, MN 55408 spend an average of 33 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 55408?

Based on current inventory and days-on-market data as of April 2026, MINNEAPOLIS, MN 55408 is currently a Seller's Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 33 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 55408 save an estimated $4,990 compared to a typical 5% commission on the median listing price of $249,475. 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.