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MINNEAPOLIS, MN 55424

Real Estate Market Report  ·  Hennepin County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
27
⇩ 27% vs 37 last year
Pending
7
26% pending ratio
Median Price
$1,950,000
⇧ 39.8% vs $1,395,000 last year
Average Price
$1,926,391
⇧ 31.9% vs $1,460,623 last year
Days on Market
85
⇧ 1.2% vs 84 days last year

Market Context

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

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

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55424) currently shows 27 active listings, with 7 pending sales. Homes are averaging 85 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 85 days on market compared to 84 days last year.

The median listing price has risen 39.8% year-over-year, from $1,395,000 to $1,950,000.

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: 27 this year vs 37 last year
  • Days on market: 85 now vs 84 last year

Median & Average Pricing

Year over Year
  • Median: $1,950,000 (+39.8% YoY)
  • Average: $1,926,391 (+31.9% 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 6.3 miles — 580 listings ($393,111,773 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55424Minneapolis, MN 554240.0 mi27$52,012,557$1,950,000$1,926,391
55436Minneapolis, MN 554361.7 mi53$87,346,491$534,500$1,648,047
55419Minneapolis, MN 554192.6 mi33$33,209,022$419,900$1,006,334
55416Minneapolis, MN 554163.1 mi98$64,156,288$375,000$654,656
55423Minneapolis, MN 554233.5 mi68$19,539,392$315,000$287,344
55343Hopkins, MN 553433.8 mi43$13,565,683$250,000$315,481
55407Minneapolis, MN 554074.7 mi39$9,254,778$230,000$237,302
55417Minneapolis, MN 554175.1 mi38$15,490,358$365,000$407,641
55344Eden Prairie, MN 553445.2 mi25$7,177,225$249,900$287,089
55437Minneapolis, MN 554375.6 mi24$7,576,104$320,000$315,671
55305Hopkins, MN 553055.7 mi62$45,492,438$260,000$733,749
55438Minneapolis, MN 554385.9 mi29$11,662,060$312,500$402,140
55415Minneapolis, MN 554156.3 mi41$26,629,377$399,900$649,497

Frequently Asked Questions

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

As of January 2026, there are 27 active listings in MINNEAPOLIS, MN (zip code 55424), compared to 37 the prior year.

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

The median listing price in MINNEAPOLIS, MN 55424 is $1,950,000 as of January 2026, a 39.8% increase from $1,395,000 the prior year.

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

Homes in MINNEAPOLIS, MN 55424 spend an average of 85 days on the market before going under contract, compared to 84 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 January 2026, MINNEAPOLIS, MN 55424 is currently a Balanced Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 85 days on market compared to 84 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 $39,000 compared to a typical 5% commission on the median listing price of $1,950,000. 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.