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MINNEAPOLIS, MN 55428

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55428) currently shows 71 active listings, with 36 pending sales. Homes are averaging 28 days on the market before going under contract.

Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 28 days on market compared to 25 days last year.

The median listing price has risen 10.4% year-over-year, from $299,000 to $329,975.

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: 32,967  ·  Density: 1,570.3/mi²  ·  Median household income: $62,087

Typical home value: $264,708  ·  Homeownership: 55.7%

Market Overview

Active Listings
71
⇧ 47.9% vs 48 last year
Pending
36
51% pending ratio
Median Price
$329,975
⇧ 10.4% vs $299,000 last year
Average Price
$318,850
⇧ 13% vs $282,283 last year
Days on Market
28
⇧ 12% vs 25 days last year

Price Per Square Foot

Median $/sqft
$191
⇧ 4.9% vs $182/sqft last year
Median Home Size
1,765 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 71 this year vs 48 last year
  • Days on market: 28 now vs 25 last year

Median & Average Pricing

Year over Year
  • Median: $329,975 (+10.4% YoY)
  • Average: $318,850 (+13% 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 7.9 miles — 803 listings ($391,378,446 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55428Minneapolis, MN 554280.0 mi59$18,838,523$337,425$319,297
55442Minneapolis, MN 554422.5 mi30$12,816,240$425,000$427,208
55427Minneapolis, MN 554273.9 mi58$23,394,764$314,900$403,358
55422Minneapolis, MN 554224.3 mi72$31,272,336$351,200$434,338
55441Minneapolis, MN 554414.7 mi29$12,530,581$359,950$432,089
55444Minneapolis, MN 554444.9 mi27$8,433,450$332,500$312,350
55369Osseo, MN 553695.6 mi137$77,661,327$546,500$566,871
55311Maple Grove, MN 553116.3 mi110$79,750,110$600,000$725,001
55432Minneapolis, MN 554326.6 mi40$12,990,760$319,900$324,769
55418Minneapolis, MN 554187.4 mi45$15,264,495$332,450$339,211
55426Minneapolis, MN 554267.4 mi70$24,178,980$318,475$345,414
55433Minneapolis, MN 554337.5 mi52$16,669,848$302,500$320,574
55305Hopkins, MN 553057.9 mi74$57,577,032$331,250$778,068

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55428?

As of March 2026, there are 71 active listings in MINNEAPOLIS, MN (zip code 55428), compared to 48 the prior year.

What is the median home price in MINNEAPOLIS, MN 55428?

The median listing price in MINNEAPOLIS, MN 55428 is $329,975 as of March 2026, a 10.4% increase from $299,000 the prior year.

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

Homes in MINNEAPOLIS, MN 55428 spend an average of 28 days on the market before going under contract, compared to 25 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55428?

Based on current inventory and days-on-market data as of March 2026, MINNEAPOLIS, MN 55428 is currently a Buyer's Market. Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 28 days on market compared to 25 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 55428 save an estimated $6,600 compared to a typical 5% commission on the median listing price of $329,975. 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.