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MINNEAPOLIS, MN 55438

Real Estate Market Report  ·  Hennepin County
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55438) currently shows 54 active listings, with 13 pending sales. Homes are averaging 34 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 34 days on market compared to 28 days last year.

The median listing price has risen 3.3% year-over-year, from $435,500 to $449,975.

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Market Context

Market Context

Population: 16,009  ·  Density: 745.2/mi²  ·  Median household income: $97,707

Typical home value: $386,872  ·  Homeownership: 79.5%

Market Overview

Active Listings
54
⇧ 22.7% vs 44 last year
Pending
13
24% pending ratio
Median Price
$449,975
⇧ 3.3% vs $435,500 last year
Average Price
$550,453
⇧ 3.1% vs $533,726 last year
Days on Market
34
⇧ 21.4% vs 28 days last year

Price Per Square Foot

Median $/sqft
$196
— vs $196/sqft last year
Median Home Size
2,120 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 54 this year vs 44 last year
  • Days on market: 34 now vs 28 last year

Median & Average Pricing

Year over Year
  • Median: $449,975 (+3.3% YoY)
  • Average: $550,453 (+3.1% 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 9.0 miles — 724 listings ($428,815,596 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55438Minneapolis, MN 554380.0 mi34$14,375,540$324,750$422,810
55431Minneapolis, MN 554313.3 mi27$10,739,844$385,500$397,772
55344Eden Prairie, MN 553443.7 mi35$12,250,560$283,425$350,016
55347Eden Prairie, MN 553474.3 mi101$89,170,880$639,725$882,880
55420Minneapolis, MN 554205.0 mi30$9,347,010$334,950$311,567
55424Minneapolis, MN 554245.9 mi41$76,883,200$1,878,750$1,875,200
55337Burnsville, MN 553376.1 mi100$31,582,700$299,950$315,827
55343Hopkins, MN 553436.4 mi48$17,794,128$297,400$370,711
55425Minneapolis, MN 554257.1 mi16$4,443,408$306,225$277,713
55306Burnsville, MN 553067.8 mi37$15,126,155$388,175$408,815
55379Shakopee, MN 553798.4 mi155$81,939,975$511,348$528,645
55317Chanhassen, MN 553178.7 mi56$48,269,760$459,500$861,960
55417Minneapolis, MN 554179.0 mi44$16,892,436$346,225$383,919

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55438?

As of September 2026, there are 54 active listings in MINNEAPOLIS, MN (zip code 55438), compared to 44 the prior year.

What is the median home price in MINNEAPOLIS, MN 55438?

The median listing price in MINNEAPOLIS, MN 55438 is $449,975 as of September 2026, a 3.3% increase from $435,500 the prior year.

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

Homes in MINNEAPOLIS, MN 55438 spend an average of 34 days on the market before going under contract, compared to 28 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55438?

Based on current inventory and days-on-market data as of September 2026, MINNEAPOLIS, MN 55438 is currently a Buyer's Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 34 days on market compared to 28 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 55438 save an estimated $9,000 compared to a typical 5% commission on the median listing price of $449,975. 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.