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MINNEAPOLIS, MN 55420

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

Market Overview

Active Listings
25
⇩ 21.9% vs 32 last year
Pending
7
28% pending ratio
Median Price
$339,900
⇧ 10.6% vs $307,450 last year
Average Price
$318,852
⇧ 7.6% vs $296,465 last year
Days on Market
49
⇩ 18.3% vs 60 days last year

Market Context

Population: 23,433  ·  Density: 1,358.7/mi²  ·  Median household income: $73,527

Typical home value: $284,620  ·  Homeownership: 66.6%

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55420) currently shows 25 active listings, with 7 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 49 days on market compared to 60 days last year.

The median listing price has risen 10.6% year-over-year, from $307,450 to $339,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 25 this year vs 32 last year
  • Days on market: 49 now vs 60 last year

Median & Average Pricing

Year over Year
  • Median: $339,900 (+10.6% YoY)
  • Average: $318,852 (+7.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 7.5 miles — 516 listings ($335,781,190 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55420Minneapolis, MN 554200.0 mi25$7,971,300$339,900$318,852
55425Minneapolis, MN 554252.1 mi15$3,957,810$319,000$263,854
55437Minneapolis, MN 554373.4 mi24$7,576,104$320,000$315,671
55337Burnsville, MN 553374.1 mi82$24,152,198$270,000$294,539
55419Minneapolis, MN 554194.9 mi33$33,209,022$419,900$1,006,334
55417Minneapolis, MN 554175.3 mi38$15,490,358$365,000$407,641
55424Minneapolis, MN 554245.7 mi27$52,012,557$1,950,000$1,926,391
55121Saint Paul, MN 551215.8 mi11$2,754,279$257,450$250,389
55436Minneapolis, MN 554366.7 mi53$87,346,491$534,500$1,648,047
55378Savage, MN 553786.8 mi75$40,982,850$450,000$546,438
55123Saint Paul, MN 551237.2 mi48$31,979,904$422,500$666,248
55306Burnsville, MN 553067.3 mi28$11,502,708$385,000$410,811
55408Minneapolis, MN 554087.5 mi57$16,845,609$229,500$295,537

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55420?

As of January 2026, there are 25 active listings in MINNEAPOLIS, MN (zip code 55420), compared to 32 the prior year.

What is the median home price in MINNEAPOLIS, MN 55420?

The median listing price in MINNEAPOLIS, MN 55420 is $339,900 as of January 2026, a 10.6% increase from $307,450 the prior year.

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

Homes in MINNEAPOLIS, MN 55420 spend an average of 49 days on the market before going under contract, compared to 60 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55420?

Based on current inventory and days-on-market data as of January 2026, MINNEAPOLIS, MN 55420 is currently a Seller's Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 49 days on market compared to 60 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 55420 save an estimated $6,798 compared to a typical 5% commission on the median listing price of $339,900. 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.