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Minnetonka Mills

HOPKINS, MN 55305

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 55305

Minnetonka Mills

Market Analysis

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

The HOPKINS, MN real estate market (55305) currently shows 74 active listings, with 22 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 37 days on market compared to 33 days last year.

The median listing price has fallen 16% year-over-year, from $394,500 to $331,250.

Whether you are buying or selling in HOPKINS, 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: 21,256  ·  Density: 881.5/mi²  ·  Median household income: $104,380

Typical home value: $416,377  ·  Homeownership: 60.3%

Market Overview

Active Listings
74
⇧ 39.6% vs 53 last year
Pending
22
30% pending ratio
Median Price
$331,250
⇩ 16% vs $394,500 last year
Average Price
$778,068
⇧ 19.8% vs $649,587 last year
Days on Market
37
⇧ 12.1% vs 33 days last year

Price Per Square Foot

Median $/sqft
$216
⇧ 4.9% vs $206/sqft last year
Median Home Size
1,413 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 74 this year vs 53 last year
  • Days on market: 37 now vs 33 last year

Median & Average Pricing

Year over Year
  • Median: $331,250 (-16% YoY)
  • Average: $778,068 (+19.8% 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 — 582 listings ($466,867,536 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55305Hopkins, MN 553050.0 mi62$45,492,438$260,000$733,749
55343Hopkins, MN 553432.9 mi43$13,565,683$250,000$315,481
55345Minnetonka, MN 553453.7 mi41$38,485,511$639,000$938,671
55427Minneapolis, MN 554274.4 mi48$19,920,144$324,999$415,003
55436Minneapolis, MN 554364.5 mi53$87,346,491$534,500$1,648,047
55424Minneapolis, MN 554245.7 mi27$52,012,557$1,950,000$1,926,391
55422Minneapolis, MN 554225.9 mi64$27,817,856$345,000$434,654
55344Eden Prairie, MN 553446.2 mi25$7,177,225$249,900$287,089
55405Minneapolis, MN 554056.3 mi25$43,813,925$899,900$1,752,557
55446Minneapolis, MN 554466.8 mi71$64,065,004$594,950$902,324
55403Minneapolis, MN 554037.2 mi51$22,088,559$337,450$433,109
55435Minneapolis, MN 554357.4 mi39$11,873,121$147,450$304,439
55419Minneapolis, MN 554197.9 mi33$33,209,022$419,900$1,006,334

Frequently Asked Questions

How many homes are for sale in HOPKINS, MN 55305?

As of February 2026, there are 74 active listings in HOPKINS, MN (zip code 55305), compared to 53 the prior year.

What is the median home price in HOPKINS, MN 55305?

The median listing price in HOPKINS, MN 55305 is $331,250 as of February 2026, a 16% decrease from $394,500 the prior year.

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

Homes in HOPKINS, MN 55305 spend an average of 37 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 HOPKINS, MN 55305?

Based on current inventory and days-on-market data as of February 2026, HOPKINS, MN 55305 is currently a Buyer's Market. Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 37 days on market compared to 33 days last year.

How much can I save on real estate commission in HOPKINS, MN?

With SELL123.com's maximum 3% commission, sellers in HOPKINS, MN 55305 save an estimated $6,625 compared to a typical 5% commission on the median listing price of $331,250. 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.