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MINNEAPOLIS, MN 55438

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

Market Overview

Active Listings
29
⇩ 3.3% vs 30 last year
Pending
12
41% pending ratio
Median Price
$312,500
⇩ 15.7% vs $370,848 last year
Average Price
$402,140
⇩ 8.2% vs $438,067 last year
Days on Market
58
⇧ 13.7% vs 51 days last year

Market Context

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

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

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55438) currently shows 29 active listings, with 12 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 58 days on market compared to 51 days last year.

The median listing price has fallen 15.7% year-over-year, from $370,848 to $312,500.

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: 29 this year vs 30 last year
  • Days on market: 58 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $312,500 (-15.7% YoY)
  • Average: $402,140 (-8.2% 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 9.0 miles — 628 listings ($358,158,307 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55438Minneapolis, MN 554380.0 mi29$11,662,060$312,500$402,140
55431Minneapolis, MN 554313.3 mi22$9,055,420$399,900$411,610
55344Eden Prairie, MN 553443.7 mi25$7,177,225$249,900$287,089
55347Eden Prairie, MN 553474.3 mi97$85,538,674$638,950$881,842
55420Minneapolis, MN 554205.0 mi25$7,971,300$339,900$318,852
55424Minneapolis, MN 554245.9 mi27$52,012,557$1,950,000$1,926,391
55337Burnsville, MN 553376.1 mi82$24,152,198$270,000$294,539
55343Hopkins, MN 553436.4 mi43$13,565,683$250,000$315,481
55425Minneapolis, MN 554257.1 mi15$3,957,810$319,000$263,854
55306Burnsville, MN 553067.8 mi28$11,502,708$385,000$410,811
55379Shakopee, MN 553798.4 mi154$80,830,288$509,950$524,872
55317Chanhassen, MN 553178.7 mi43$35,242,026$392,450$819,582
55417Minneapolis, MN 554179.0 mi38$15,490,358$365,000$407,641

Frequently Asked Questions

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

As of January 2026, there are 29 active listings in MINNEAPOLIS, MN (zip code 55438), compared to 30 the prior year.

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

The median listing price in MINNEAPOLIS, MN 55438 is $312,500 as of January 2026, a 15.7% decrease from $370,848 the prior year.

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

Homes in MINNEAPOLIS, MN 55438 spend an average of 58 days on the market before going under contract, compared to 51 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 January 2026, MINNEAPOLIS, MN 55438 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 58 days on market compared to 51 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 $6,250 compared to a typical 5% commission on the median listing price of $312,500. 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.