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MINNEAPOLIS, MN 55429

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

Market Overview

Active Listings
48
⇧ 41.2% vs 34 last year
Pending
17
35% pending ratio
Median Price
$281,250
⇧ 10.6% vs $254,200 last year
Average Price
$263,554
⇧ 0.9% vs $261,201 last year
Days on Market
58
⇩ 31% vs 84 days last year

Market Context

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

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

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55429) currently shows 48 active listings, with 17 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice.

Homes are selling faster, averaging 58 days on market compared to 84 days last year.

The median listing price has risen 10.6% year-over-year, from $254,200 to $281,250.

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 34 last year
  • Days on market: 58 now vs 84 last year

Median & Average Pricing

Year over Year
  • Median: $281,250 (+10.6% YoY)
  • Average: $263,554 (+0.9% 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 7.4 miles — 525 listings ($221,282,968 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55429Minneapolis, MN 554290.0 mi48$12,650,592$281,250$263,554
55428Minneapolis, MN 554281.9 mi53$15,292,567$305,000$288,539
55444Minneapolis, MN 554443.5 mi24$7,491,960$335,000$312,165
55422Minneapolis, MN 554223.8 mi64$27,817,856$345,000$434,654
55421Minneapolis, MN 554214.4 mi46$15,284,144$299,900$332,264
55445Minneapolis, MN 554454.5 mi28$7,634,200$239,900$272,650
55411Minneapolis, MN 554115.0 mi66$16,138,518$235,000$244,523
55441Minneapolis, MN 554415.9 mi22$7,983,910$350,000$362,905
55413Minneapolis, MN 554136.6 mi20$6,852,740$332,495$342,637
55433Minneapolis, MN 554336.8 mi42$13,442,100$319,999$320,050
55402Minneapolis, MN 554027.0 mi0$0$599,000$599,000
55446Minneapolis, MN 554467.3 mi71$64,065,004$594,950$902,324
55415Minneapolis, MN 554157.4 mi41$26,629,377$399,900$649,497

Frequently Asked Questions

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

As of January 2026, there are 48 active listings in MINNEAPOLIS, MN (zip code 55429), compared to 34 the prior year.

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

The median listing price in MINNEAPOLIS, MN 55429 is $281,250 as of January 2026, a 10.6% increase from $254,200 the prior year.

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

Homes in MINNEAPOLIS, MN 55429 spend an average of 58 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 55429?

Based on current inventory and days-on-market data as of January 2026, MINNEAPOLIS, MN 55429 is currently a Balanced Market. Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice. Homes are selling faster, averaging 58 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 55429 save an estimated $5,625 compared to a typical 5% commission on the median listing price of $281,250. 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.