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MINNEAPOLIS, MN 55431

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 (55431) currently shows 48 active listings, with 22 pending sales. Homes are averaging 26 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 26 days on market compared to 33 days last year.

The median listing price has risen 1.8% year-over-year, from $387,450 to $394,475.

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

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

Market Overview

Active Listings
48
⇧ 2.1% vs 47 last year
Pending
22
46% pending ratio
Median Price
$394,475
⇧ 1.8% vs $387,450 last year
Average Price
$401,470
⇧ 8.4% vs $370,251 last year
Days on Market
26
⇩ 21.2% vs 33 days last year

Price Per Square Foot

Median $/sqft
$203
⇧ 7.4% vs $189/sqft last year
Median Home Size
1,956 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 48 this year vs 47 last year
  • Days on market: 26 now vs 33 last year

Median & Average Pricing

Year over Year
  • Median: $394,475 (+1.8% YoY)
  • Average: $401,470 (+8.4% 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
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 8.2 miles — 578 listings ($361,709,894 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55431Minneapolis, MN 554310.0 mi27$10,739,844$385,500$397,772
55420Minneapolis, MN 554201.8 mi30$9,347,010$334,950$311,567
55435Minneapolis, MN 554353.5 mi49$17,061,849$172,450$348,201
55337Burnsville, MN 553373.9 mi100$31,582,700$299,950$315,827
55439Minneapolis, MN 554394.5 mi31$26,309,545$628,700$848,695
55424Minneapolis, MN 554245.6 mi41$76,883,200$1,878,750$1,875,200
55122Saint Paul, MN 551225.9 mi54$17,905,266$318,600$331,579
55436Minneapolis, MN 554366.2 mi69$107,943,117$637,475$1,564,393
55306Burnsville, MN 553066.7 mi37$15,126,155$388,175$408,815
55409Minneapolis, MN 554097.3 mi18$7,416,216$314,663$412,012
55121Saint Paul, MN 551217.6 mi12$3,344,472$272,425$278,706
55343Hopkins, MN 553437.9 mi48$17,794,128$297,400$370,711
55408Minneapolis, MN 554088.2 mi62$20,256,392$219,900$326,716

Frequently Asked Questions

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

As of June 2026, there are 48 active listings in MINNEAPOLIS, MN (zip code 55431), compared to 47 the prior year.

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

The median listing price in MINNEAPOLIS, MN 55431 is $394,475 as of June 2026, a 1.8% increase from $387,450 the prior year.

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

Homes in MINNEAPOLIS, MN 55431 spend an average of 26 days on the market before going under contract, compared to 33 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 June 2026, MINNEAPOLIS, MN 55431 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 26 days on market compared to 33 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 $7,890 compared to a typical 5% commission on the median listing price of $394,475. 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.