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MINNEAPOLIS, MN 55431

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

Market Overview

Active Listings
22
⇩ 31.3% vs 32 last year
Pending
9
41% pending ratio
Median Price
$399,900
⇧ 7.3% vs $372,750 last year
Average Price
$411,610
⇧ 13.4% vs $362,979 last year
Days on Market
52
⇩ 29.7% vs 74 days last year

Market Context

Population: 19,477  ·  Density: 961.0/mi²  ·  Median household income: $105,290

Typical home value: $333,233  ·  Homeownership: 69.0%

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55431) currently shows 22 active listings, with 9 pending sales. Homes are averaging 52 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 52 days on market compared to 74 days last year.

The median listing price has risen 7.3% year-over-year, from $372,750 to $399,900.

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: 22 this year vs 32 last year
  • Days on market: 52 now vs 74 last year

Median & Average Pricing

Year over Year
  • Median: $399,900 (+7.3% YoY)
  • Average: $411,610 (+13.4% 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 8.2 miles — 475 listings ($279,945,526 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55431Minneapolis, MN 554310.0 mi22$9,055,420$399,900$411,610
55420Minneapolis, MN 554201.8 mi25$7,971,300$339,900$318,852
55435Minneapolis, MN 554353.5 mi39$11,873,121$147,450$304,439
55337Burnsville, MN 553373.9 mi82$24,152,198$270,000$294,539
55439Minneapolis, MN 554394.5 mi26$21,893,846$517,450$842,071
55424Minneapolis, MN 554245.6 mi27$52,012,557$1,950,000$1,926,391
55122Saint Paul, MN 551225.9 mi46$15,641,978$315,000$340,043
55436Minneapolis, MN 554366.2 mi53$87,346,491$534,500$1,648,047
55306Burnsville, MN 553066.7 mi28$11,502,708$385,000$410,811
55409Minneapolis, MN 554097.3 mi16$5,330,336$295,000$333,146
55121Saint Paul, MN 551217.6 mi11$2,754,279$257,450$250,389
55343Hopkins, MN 553437.9 mi43$13,565,683$250,000$315,481
55408Minneapolis, MN 554088.2 mi57$16,845,609$229,500$295,537

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55431?

As of January 2026, there are 22 active listings in MINNEAPOLIS, MN (zip code 55431), compared to 32 the prior year.

What is the median home price in MINNEAPOLIS, MN 55431?

The median listing price in MINNEAPOLIS, MN 55431 is $399,900 as of January 2026, a 7.3% increase from $372,750 the prior year.

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

Homes in MINNEAPOLIS, MN 55431 spend an average of 52 days on the market before going under contract, compared to 74 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55431?

Based on current inventory and days-on-market data as of January 2026, MINNEAPOLIS, MN 55431 is currently a Seller's Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 52 days on market compared to 74 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 55431 save an estimated $7,998 compared to a typical 5% commission on the median listing price of $399,900. 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.