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Fern Hill

MINNEAPOLIS, MN 55416

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

Market Overview

Active Listings
98
⇩ 3.9% vs 102 last year
Pending
27
28% pending ratio
Median Price
$375,000
⇧ 7.2% vs $349,675 last year
Average Price
$654,656
⇧ 12.7% vs $580,696 last year
Days on Market
66
⇩ 15.4% vs 78 days last year

Market Context

Population: 34,715  ·  Density: 1,827.1/mi²  ·  Median household income: $99,383

Typical home value: $434,123  ·  Homeownership: 50.7%

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55416) currently shows 98 active listings, with 27 pending sales. Homes are averaging 66 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 66 days on market compared to 78 days last year.

The median listing price has risen 7.2% year-over-year, from $349,675 to $375,000.

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: 98 this year vs 102 last year
  • Days on market: 66 now vs 78 last year

Median & Average Pricing

Year over Year
  • Median: $375,000 (+7.2% YoY)
  • Average: $654,656 (+12.7% 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 5.7 miles — 604 listings ($475,179,018 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55416Minneapolis, MN 554160.0 mi98$64,156,288$375,000$654,656
55405Minneapolis, MN 554052.3 mi25$43,813,925$899,900$1,752,557
55410Minneapolis, MN 554102.8 mi54$62,155,728$950,000$1,151,032
55424Minneapolis, MN 554243.1 mi27$52,012,557$1,950,000$1,926,391
55436Minneapolis, MN 554363.6 mi53$87,346,491$534,500$1,648,047
55404Minneapolis, MN 554044.0 mi48$10,661,376$210,000$222,112
55411Minneapolis, MN 554114.0 mi66$16,138,518$235,000$244,523
55401Minneapolis, MN 554014.3 mi64$42,014,528$376,950$656,477
55427Minneapolis, MN 554274.4 mi48$19,920,144$324,999$415,003
55305Hopkins, MN 553054.5 mi62$45,492,438$260,000$733,749
55454Minneapolis, MN 554545.0 mi11$1,589,269$144,950$144,479
55439Minneapolis, MN 554395.4 mi26$21,893,846$517,450$842,071
55441Minneapolis, MN 554415.7 mi22$7,983,910$350,000$362,905

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55416?

As of January 2026, there are 98 active listings in MINNEAPOLIS, MN (zip code 55416), compared to 102 the prior year.

What is the median home price in MINNEAPOLIS, MN 55416?

The median listing price in MINNEAPOLIS, MN 55416 is $375,000 as of January 2026, a 7.2% increase from $349,675 the prior year.

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

Homes in MINNEAPOLIS, MN 55416 spend an average of 66 days on the market before going under contract, compared to 78 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55416?

Based on current inventory and days-on-market data as of January 2026, MINNEAPOLIS, MN 55416 is currently a Seller's Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 66 days on market compared to 78 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 55416 save an estimated $7,500 compared to a typical 5% commission on the median listing price of $375,000. 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.