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Medicine Lake

MINNEAPOLIS, MN 55441

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 55441

Medicine Lake

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55441) currently shows 34 active listings, with 20 pending sales. Homes are averaging 24 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 selling faster, averaging 24 days on market compared to 49 days last year.

The median listing price has fallen 4.3% year-over-year, from $402,498 to $385,000.

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: 18,289  ·  Density: 823.0/mi²  ·  Median household income: $99,017

Typical home value: $430,278  ·  Homeownership: 60.8%

Market Overview

Active Listings
34
⇩ 2.9% vs 35 last year
Pending
20
59% pending ratio
Median Price
$385,000
⇩ 4.3% vs $402,498 last year
Average Price
$433,887
⇩ 6.2% vs $462,649 last year
Days on Market
24
⇩ 51% vs 49 days last year

Price Per Square Foot

Median $/sqft
$202
⇧ 3.6% vs $195/sqft last year
Median Home Size
1,623 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 34 this year vs 35 last year
  • Days on market: 24 now vs 49 last year

Median & Average Pricing

Year over Year
  • Median: $385,000 (-4.3% YoY)
  • Average: $433,887 (-6.2% 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
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 7.9 miles — 799 listings ($688,347,173 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55441Minneapolis, MN 554410.0 mi29$12,530,581$359,950$432,089
55447Minneapolis, MN 554473.0 mi38$20,945,790$422,475$551,205
55305Hopkins, MN 553053.5 mi74$57,577,032$331,250$778,068
55426Minneapolis, MN 554264.1 mi70$24,178,980$318,475$345,414
55428Minneapolis, MN 554284.7 mi59$18,838,523$337,425$319,297
55429Minneapolis, MN 554295.9 mi56$14,013,440$257,400$250,240
55391Wayzata, MN 553916.4 mi109$352,358,305$2,417,000$3,232,645
55412Minneapolis, MN 554126.5 mi80$19,413,040$243,000$242,663
55345Minnetonka, MN 553456.8 mi55$51,561,180$629,725$937,476
55430Minneapolis, MN 554307.4 mi56$16,354,800$289,900$292,050
55311Maple Grove, MN 553117.7 mi110$79,750,110$600,000$725,001
55408Minneapolis, MN 554087.8 mi62$20,256,392$219,900$326,716
55402Minneapolis, MN 554027.9 mi1$569,000$569,000$569,000

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55441?

As of March 2026, there are 34 active listings in MINNEAPOLIS, MN (zip code 55441), compared to 35 the prior year.

What is the median home price in MINNEAPOLIS, MN 55441?

The median listing price in MINNEAPOLIS, MN 55441 is $385,000 as of March 2026, a 4.3% decrease from $402,498 the prior year.

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

Homes in MINNEAPOLIS, MN 55441 spend an average of 24 days on the market before going under contract, compared to 49 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55441?

Based on current inventory and days-on-market data as of March 2026, MINNEAPOLIS, MN 55441 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 24 days on market compared to 49 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 55441 save an estimated $7,700 compared to a typical 5% commission on the median listing price of $385,000. 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.