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MINNEAPOLIS, MN 55424

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

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55424) currently shows 60 active listings, with 23 pending sales. Homes are averaging 52 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 52 days on market compared to 48 days last year.

The median listing price has risen 28.4% year-over-year, from $1,397,450 to $1,795,000.

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: 10,203  ·  Density: 1,633.8/mi²  ·  Median household income: $225,119

Typical home value: $881,579  ·  Homeownership: 92.3%

Market Overview

Active Listings
60
⇧ 15.4% vs 52 last year
Pending
23
38% pending ratio
Median Price
$1,795,000
⇧ 28.4% vs $1,397,450 last year
Average Price
$1,766,697
⇧ 9.1% vs $1,619,023 last year
Days on Market
52
⇧ 8.3% vs 48 days last year

Price Per Square Foot

Median $/sqft
$425
⇩ 0.2% vs $426/sqft last year
Median Home Size
4,003 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 60 this year vs 52 last year
  • Days on market: 52 now vs 48 last year

Median & Average Pricing

Year over Year
  • Median: $1,795,000 (+28.4% YoY)
  • Average: $1,766,697 (+9.1% 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 6.3 miles — 690 listings ($496,601,586 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55424Minneapolis, MN 554240.0 mi41$76,883,200$1,878,750$1,875,200
55436Minneapolis, MN 554361.7 mi69$107,943,117$637,475$1,564,393
55419Minneapolis, MN 554192.6 mi35$32,562,810$482,475$930,366
55416Minneapolis, MN 554163.1 mi108$77,904,180$427,500$721,335
55423Minneapolis, MN 554233.5 mi70$20,602,190$308,700$294,317
55343Hopkins, MN 553433.8 mi48$17,794,128$297,400$370,711
55407Minneapolis, MN 554074.7 mi47$12,004,552$257,500$255,416
55417Minneapolis, MN 554175.1 mi44$16,892,436$346,225$383,919
55344Eden Prairie, MN 553445.2 mi35$12,250,560$283,425$350,016
55437Minneapolis, MN 554375.6 mi31$10,023,075$314,100$323,325
55305Hopkins, MN 553055.7 mi74$57,577,032$331,250$778,068
55438Minneapolis, MN 554385.9 mi34$14,375,540$324,750$422,810
55415Minneapolis, MN 554156.3 mi54$39,788,766$379,900$736,829

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55424?

As of June 2026, there are 60 active listings in MINNEAPOLIS, MN (zip code 55424), compared to 52 the prior year.

What is the median home price in MINNEAPOLIS, MN 55424?

The median listing price in MINNEAPOLIS, MN 55424 is $1,795,000 as of June 2026, a 28.4% increase from $1,397,450 the prior year.

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

Homes in MINNEAPOLIS, MN 55424 spend an average of 52 days on the market before going under contract, compared to 48 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55424?

Based on current inventory and days-on-market data as of June 2026, MINNEAPOLIS, MN 55424 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 52 days on market compared to 48 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 55424 save an estimated $35,900 compared to a typical 5% commission on the median listing price of $1,795,000. 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.