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MINNEAPOLIS, MN 55427

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

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55427) currently shows 100 active listings, with 29 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 31 days on market compared to 28 days last year.

The median listing price has risen 14.4% year-over-year, from $312,450 to $357,500.

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: 25,908  ·  Density: 1,381.6/mi²  ·  Median household income: $89,608

Typical home value: $318,503  ·  Homeownership: 67.8%

Market Overview

Active Listings
100
⇧ 5.3% vs 95 last year
Pending
29
29% pending ratio
Median Price
$357,500
⇧ 14.4% vs $312,450 last year
Average Price
$375,198
⇧ 10.1% vs $340,816 last year
Days on Market
31
⇧ 10.7% vs 28 days last year

Price Per Square Foot

Median $/sqft
$185
⇩ 1.6% vs $188/sqft last year
Median Home Size
1,773 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 100 this year vs 95 last year
  • Days on market: 31 now vs 28 last year

Median & Average Pricing

Year over Year
  • Median: $357,500 (+14.4% YoY)
  • Average: $375,198 (+10.1% 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 6.9 miles — 671 listings ($268,867,497 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55427Minneapolis, MN 554270.0 mi58$23,394,764$314,900$403,358
55441Minneapolis, MN 554412.4 mi29$12,530,581$359,950$432,089
55442Minneapolis, MN 554423.7 mi30$12,816,240$425,000$427,208
55411Minneapolis, MN 554114.1 mi76$18,533,056$229,925$243,856
55416Minneapolis, MN 554164.4 mi108$77,904,180$427,500$721,335
55429Minneapolis, MN 554294.4 mi56$14,013,440$257,400$250,240
55403Minneapolis, MN 554035.3 mi66$32,274,726$279,250$489,011
55430Minneapolis, MN 554305.5 mi56$16,354,800$289,900$292,050
55402Minneapolis, MN 554025.7 mi1$569,000$569,000$569,000
55408Minneapolis, MN 554086.1 mi62$20,256,392$219,900$326,716
55404Minneapolis, MN 554046.6 mi51$13,122,606$219,975$257,306
55413Minneapolis, MN 554136.7 mi22$8,130,232$359,900$369,556
55421Minneapolis, MN 554216.9 mi56$18,967,480$285,000$338,705

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55427?

As of July 2026, there are 100 active listings in MINNEAPOLIS, MN (zip code 55427), compared to 95 the prior year.

What is the median home price in MINNEAPOLIS, MN 55427?

The median listing price in MINNEAPOLIS, MN 55427 is $357,500 as of July 2026, a 14.4% increase from $312,450 the prior year.

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

Homes in MINNEAPOLIS, MN 55427 spend an average of 31 days on the market before going under contract, compared to 28 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55427?

Based on current inventory and days-on-market data as of July 2026, MINNEAPOLIS, MN 55427 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 31 days on market compared to 28 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 55427 save an estimated $7,150 compared to a typical 5% commission on the median listing price of $357,500. 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.