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MINNEAPOLIS, MN 55447

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

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55447) currently shows 57 active listings, with 33 pending sales. Homes are averaging 25 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 25 days on market compared to 23 days last year.

The median listing price has risen 34.1% year-over-year, from $372,500 to $499,675.

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: 21,506  ·  Density: 929.8/mi²  ·  Median household income: $128,759

Typical home value: $430,720  ·  Homeownership: 75.8%

Market Overview

Active Listings
57
⇧ 5.6% vs 54 last year
Pending
33
58% pending ratio
Median Price
$499,675
⇧ 34.1% vs $372,500 last year
Average Price
$664,920
⇧ 21.7% vs $546,506 last year
Days on Market
25
⇧ 8.7% vs 23 days last year

Price Per Square Foot

Median $/sqft
$234
⇩ 1.3% vs $237/sqft last year
Median Home Size
1,898 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 57 this year vs 54 last year
  • Days on market: 25 now vs 23 last year

Median & Average Pricing

Year over Year
  • Median: $499,675 (+34.1% YoY)
  • Average: $664,920 (+21.7% 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 9.4 miles — 766 listings ($576,127,542 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55447Minneapolis, MN 554470.0 mi38$20,945,790$422,475$551,205
55446Minneapolis, MN 554463.0 mi87$75,028,539$581,100$862,397
55305Hopkins, MN 553054.2 mi74$57,577,032$331,250$778,068
55356Long Lake, MN 553564.8 mi26$47,349,822$1,024,175$1,821,147
55345Minnetonka, MN 553456.0 mi55$51,561,180$629,725$937,476
55340Hamel, MN 553406.7 mi81$87,108,210$917,536$1,075,410
55343Hopkins, MN 553437.0 mi48$17,794,128$297,400$370,711
55422Minneapolis, MN 554227.3 mi72$31,272,336$351,200$434,338
55384Spring Park, MN 553848.3 mi13$10,432,734$550,000$802,518
55346Eden Prairie, MN 553468.5 mi21$13,736,478$525,000$654,118
55369Osseo, MN 553699.0 mi137$77,661,327$546,500$566,871
55405Minneapolis, MN 554059.3 mi34$66,246,926$1,323,750$1,948,439
55412Minneapolis, MN 554129.4 mi80$19,413,040$243,000$242,663

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55447?

As of March 2026, there are 57 active listings in MINNEAPOLIS, MN (zip code 55447), compared to 54 the prior year.

What is the median home price in MINNEAPOLIS, MN 55447?

The median listing price in MINNEAPOLIS, MN 55447 is $499,675 as of March 2026, a 34.1% increase from $372,500 the prior year.

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

Homes in MINNEAPOLIS, MN 55447 spend an average of 25 days on the market before going under contract, compared to 23 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55447?

Based on current inventory and days-on-market data as of March 2026, MINNEAPOLIS, MN 55447 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 25 days on market compared to 23 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 55447 save an estimated $9,994 compared to a typical 5% commission on the median listing price of $499,675. 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.