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MINNEAPOLIS, MN 55429

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

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55429) currently shows 72 active listings, with 31 pending sales. Homes are averaging 23 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are selling faster, averaging 23 days on market compared to 38 days last year.

The median listing price has risen 19.7% year-over-year, from $247,400 to $296,225.

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: 28,392  ·  Density: 1,822.1/mi²  ·  Median household income: $65,674

Typical home value: $244,021  ·  Homeownership: 56.5%

Market Overview

Active Listings
72
⇧ 10.8% vs 65 last year
Pending
31
43% pending ratio
Median Price
$296,225
⇧ 19.7% vs $247,400 last year
Average Price
$283,579
⇧ 11.6% vs $254,050 last year
Days on Market
23
⇩ 39.5% vs 38 days last year

Price Per Square Foot

Median $/sqft
$173
⇧ 8.8% vs $159/sqft last year
Median Home Size
1,664 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 72 this year vs 65 last year
  • Days on market: 23 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $296,225 (+19.7% YoY)
  • Average: $283,579 (+11.6% 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 7.4 miles — 626 listings ($271,825,726 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55429Minneapolis, MN 554290.0 mi56$14,013,440$257,400$250,240
55428Minneapolis, MN 554281.9 mi59$18,838,523$337,425$319,297
55444Minneapolis, MN 554443.5 mi27$8,433,450$332,500$312,350
55422Minneapolis, MN 554223.8 mi72$31,272,336$351,200$434,338
55421Minneapolis, MN 554214.4 mi56$18,967,480$285,000$338,705
55445Minneapolis, MN 554454.5 mi35$9,050,475$204,750$258,585
55411Minneapolis, MN 554115.0 mi76$18,533,056$229,925$243,856
55441Minneapolis, MN 554415.9 mi29$12,530,581$359,950$432,089
55413Minneapolis, MN 554136.6 mi22$8,130,232$359,900$369,556
55433Minneapolis, MN 554336.8 mi52$16,669,848$302,500$320,574
55402Minneapolis, MN 554027.0 mi1$569,000$569,000$569,000
55446Minneapolis, MN 554467.3 mi87$75,028,539$581,100$862,397
55415Minneapolis, MN 554157.4 mi54$39,788,766$379,900$736,829

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55429?

As of June 2026, there are 72 active listings in MINNEAPOLIS, MN (zip code 55429), compared to 65 the prior year.

What is the median home price in MINNEAPOLIS, MN 55429?

The median listing price in MINNEAPOLIS, MN 55429 is $296,225 as of June 2026, a 19.7% increase from $247,400 the prior year.

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

Homes in MINNEAPOLIS, MN 55429 spend an average of 23 days on the market before going under contract, compared to 38 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55429?

Based on current inventory and days-on-market data as of June 2026, MINNEAPOLIS, MN 55429 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 23 days on market compared to 38 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 55429 save an estimated $5,925 compared to a typical 5% commission on the median listing price of $296,225. 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.