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Southwest

MINNEAPOLIS, MN 55409

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

Market Overview

Active Listings
16
⇧ 45.5% vs 11 last year
Pending
3
19% pending ratio
Median Price
$295,000
⇩ 27.5% vs $407,000 last year
Average Price
$333,146
⇩ 27.8% vs $461,593 last year
Days on Market
50
⇧ 85.2% vs 27 days last year

Market Context

Population: 11,235  ·  Density: 3,315.8/mi²  ·  Median household income: $94,162

Typical home value: $345,679  ·  Homeownership: 69.6%

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55409) currently shows 16 active listings, with 3 pending sales. Homes are averaging 50 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 50 days on market compared to 27 days last year.

The median listing price has fallen 27.5% year-over-year, from $407,000 to $295,000.

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: 16 this year vs 11 last year
  • Days on market: 50 now vs 27 last year

Median & Average Pricing

Year over Year
  • Median: $295,000 (-27.5% YoY)
  • Average: $333,146 (-27.8% 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 — 451 listings ($342,085,798 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55409Minneapolis, MN 554090.0 mi16$5,330,336$295,000$333,146
55407Minneapolis, MN 554071.4 mi39$9,254,778$230,000$237,302
55410Minneapolis, MN 554102.1 mi54$62,155,728$950,000$1,151,032
55403Minneapolis, MN 554032.8 mi51$22,088,559$337,450$433,109
55405Minneapolis, MN 554053.0 mi25$43,813,925$899,900$1,752,557
55402Minneapolis, MN 554023.2 mi0$0$599,000$599,000
55415Minneapolis, MN 554153.3 mi41$26,629,377$399,900$649,497
55454Minneapolis, MN 554543.4 mi11$1,589,269$144,950$144,479
55401Minneapolis, MN 554013.8 mi64$42,014,528$376,950$656,477
55435Minneapolis, MN 554354.7 mi39$11,873,121$147,450$304,439
55436Minneapolis, MN 554364.9 mi53$87,346,491$534,500$1,648,047
55413Minneapolis, MN 554135.1 mi20$6,852,740$332,495$342,637
55105Saint Paul, MN 551055.6 mi38$23,136,946$505,000$608,867

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55409?

As of January 2026, there are 16 active listings in MINNEAPOLIS, MN (zip code 55409), compared to 11 the prior year.

What is the median home price in MINNEAPOLIS, MN 55409?

The median listing price in MINNEAPOLIS, MN 55409 is $295,000 as of January 2026, a 27.5% decrease from $407,000 the prior year.

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

Homes in MINNEAPOLIS, MN 55409 spend an average of 50 days on the market before going under contract, compared to 27 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55409?

Based on current inventory and days-on-market data as of January 2026, MINNEAPOLIS, MN 55409 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 50 days on market compared to 27 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 55409 save an estimated $5,900 compared to a typical 5% commission on the median listing price of $295,000. 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.