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MINNEAPOLIS, MN 55427

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

Market Overview

Active Listings
48
⇧ 4.3% vs 46 last year
Pending
18
38% pending ratio
Median Price
$324,999
⇧ 9.1% vs $297,975 last year
Average Price
$415,003
⇧ 7.9% vs $384,538 last year
Days on Market
65
⇧ 12.1% vs 58 days last year

Market Context

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

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

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55427) currently shows 48 active listings, with 18 pending sales. Homes are averaging 65 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 65 days on market compared to 58 days last year.

The median listing price has risen 9.1% year-over-year, from $297,975 to $324,999.

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: 48 this year vs 46 last year
  • Days on market: 65 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $324,999 (+9.1% YoY)
  • Average: $415,003 (+7.9% 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 6.9 miles — 583 listings ($221,228,478 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55427Minneapolis, MN 554270.0 mi48$19,920,144$324,999$415,003
55441Minneapolis, MN 554412.4 mi22$7,983,910$350,000$362,905
55442Minneapolis, MN 554423.7 mi31$14,890,230$439,800$480,330
55411Minneapolis, MN 554114.1 mi66$16,138,518$235,000$244,523
55416Minneapolis, MN 554164.4 mi98$64,156,288$375,000$654,656
55429Minneapolis, MN 554294.4 mi48$12,650,592$281,250$263,554
55403Minneapolis, MN 554035.3 mi51$22,088,559$337,450$433,109
55430Minneapolis, MN 554305.5 mi48$13,756,368$280,950$286,591
55402Minneapolis, MN 554025.7 mi0$0$599,000$599,000
55408Minneapolis, MN 554086.1 mi57$16,845,609$229,500$295,537
55404Minneapolis, MN 554046.6 mi48$10,661,376$210,000$222,112
55413Minneapolis, MN 554136.7 mi20$6,852,740$332,495$342,637
55421Minneapolis, MN 554216.9 mi46$15,284,144$299,900$332,264

Frequently Asked Questions

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

As of January 2026, there are 48 active listings in MINNEAPOLIS, MN (zip code 55427), compared to 46 the prior year.

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

The median listing price in MINNEAPOLIS, MN 55427 is $324,999 as of January 2026, a 9.1% increase from $297,975 the prior year.

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

Homes in MINNEAPOLIS, MN 55427 spend an average of 65 days on the market before going under contract, compared to 58 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 January 2026, MINNEAPOLIS, MN 55427 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 65 days on market compared to 58 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 $6,500 compared to a typical 5% commission on the median listing price of $324,999. 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.