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MINNEAPOLIS, MN 55403

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 55403

Calhoun Isles · Downtown West · Greater Central · Loring Park · Lowry Hill · Lowry Hill East · North Loop · Stevens Square

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55403) currently shows 66 active listings, with 12 pending sales. Homes are averaging 53 days on the market before going under contract.

Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers.

The median listing price has fallen 6.9% year-over-year, from $300,000 to $279,250.

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: 17,161  ·  Density: 4,876.3/mi²  ·  Median household income: $58,895

Typical home value: $292,184  ·  Homeownership: 24.3%

Market Overview

Active Listings
66
⇩ 15.4% vs 78 last year
Pending
12
18% pending ratio
Median Price
$279,250
⇩ 6.9% vs $300,000 last year
Average Price
$489,011
⇩ 8.8% vs $536,148 last year
Days on Market
53
vs 53 days last year

Price Per Square Foot

Median $/sqft
$221
⇩ 5.6% vs $234/sqft last year
Median Home Size
1,204 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 66 this year vs 78 last year
  • Days on market: 53 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $279,250 (-6.9% YoY)
  • Average: $489,011 (-8.8% 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 5.3 miles — 576 listings ($274,563,358 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55403Minneapolis, MN 554030.0 mi51$22,088,559$337,450$433,109
55405Minneapolis, MN 554050.9 mi25$43,813,925$899,900$1,752,557
55404Minneapolis, MN 554041.3 mi48$10,661,376$210,000$222,112
55408Minneapolis, MN 554081.9 mi57$16,845,609$229,500$295,537
55411Minneapolis, MN 554112.1 mi66$16,138,518$235,000$244,523
55413Minneapolis, MN 554132.9 mi20$6,852,740$332,495$342,637
55414Minneapolis, MN 554143.0 mi28$14,075,740$312,400$502,705
55422Minneapolis, MN 554223.8 mi64$27,817,856$345,000$434,654
55412Minneapolis, MN 554123.9 mi66$15,767,202$240,000$238,897
55410Minneapolis, MN 554104.2 mi54$62,155,728$950,000$1,151,032
55114Saint Paul, MN 551144.5 mi11$2,935,603$272,500$266,873
55417Minneapolis, MN 554175.1 mi38$15,490,358$365,000$407,641
55427Minneapolis, MN 554275.3 mi48$19,920,144$324,999$415,003

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55403?

As of February 2026, there are 66 active listings in MINNEAPOLIS, MN (zip code 55403), compared to 78 the prior year.

What is the median home price in MINNEAPOLIS, MN 55403?

The median listing price in MINNEAPOLIS, MN 55403 is $279,250 as of February 2026, a 6.9% decrease from $300,000 the prior year.

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

Homes in MINNEAPOLIS, MN 55403 spend an average of 53 days on the market before going under contract, compared to 53 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55403?

Based on current inventory and days-on-market data as of February 2026, MINNEAPOLIS, MN 55403 is currently a Balanced Market. Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers.

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

With SELL123.com's maximum 3% commission, sellers in MINNEAPOLIS, MN 55403 save an estimated $5,585 compared to a typical 5% commission on the median listing price of $279,250. 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.