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Bryn-Mawr Calhoun Isles Cedar-Isles Kenwood Linden Hills West Calhoun

MINNEAPOLIS, MN 55416

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

Neighborhoods in ZIP 55416

Bryn-Mawr · Calhoun Isles · Cedar-Isles · Kenwood · Linden Hills · West Calhoun

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55416) currently shows 157 active listings, with 57 pending sales. Homes are averaging 35 days on the market before going under contract.

Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 35 days on market compared to 30 days last year.

The median listing price has fallen 12.8% year-over-year, from $443,725 to $387,000.

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 Context

Market Context

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

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

Market Overview

Active Listings
157
⇧ 15.4% vs 136 last year
Pending
57
36% pending ratio
Median Price
$387,000
⇩ 12.8% vs $443,725 last year
Average Price
$608,192
⇩ 9.7% vs $673,371 last year
Days on Market
35
⇧ 16.7% vs 30 days last year

Price Per Square Foot

Median $/sqft
$251
⇩ 6% vs $267/sqft last year
Median Home Size
1,529 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 157 this year vs 136 last year
  • Days on market: 35 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $387,000 (-12.8% YoY)
  • Average: $608,192 (-9.7% 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
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 5.7 miles — 720 listings ($600,254,459 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55416Minneapolis, MN 554160.0 mi108$77,904,180$427,500$721,335
55405Minneapolis, MN 554052.3 mi34$66,246,926$1,323,750$1,948,439
55410Minneapolis, MN 554102.8 mi60$71,385,360$931,500$1,189,756
55424Minneapolis, MN 554243.1 mi41$76,883,200$1,878,750$1,875,200
55436Minneapolis, MN 554363.6 mi69$107,943,117$637,475$1,564,393
55404Minneapolis, MN 554044.0 mi51$13,122,606$219,975$257,306
55411Minneapolis, MN 554114.0 mi76$18,533,056$229,925$243,856
55401Minneapolis, MN 554014.3 mi75$46,341,900$379,900$617,892
55427Minneapolis, MN 554274.4 mi58$23,394,764$314,900$403,358
55305Hopkins, MN 553054.5 mi74$57,577,032$331,250$778,068
55454Minneapolis, MN 554545.0 mi14$2,082,192$146,225$148,728
55439Minneapolis, MN 554395.4 mi31$26,309,545$628,700$848,695
55441Minneapolis, MN 554415.7 mi29$12,530,581$359,950$432,089

Frequently Asked Questions

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

As of April 2026, there are 157 active listings in MINNEAPOLIS, MN (zip code 55416), compared to 136 the prior year.

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

The median listing price in MINNEAPOLIS, MN 55416 is $387,000 as of April 2026, a 12.8% decrease from $443,725 the prior year.

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

Homes in MINNEAPOLIS, MN 55416 spend an average of 35 days on the market before going under contract, compared to 30 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 April 2026, MINNEAPOLIS, MN 55416 is currently a Buyer's Market. Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 35 days on market compared to 30 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 $7,740 compared to a typical 5% commission on the median listing price of $387,000. 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.