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MINNEAPOLIS, MN 55405

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

Neighborhoods in ZIP 55405

Bryn-Mawr · Calhoun Isles · Cedar-Isles · East Isles · Greater Near North · Harrison · Kenwood · Lowry Hill · Lowry Hill East · North Loop · Sumner-glenwood · Whittier

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55405) currently shows 34 active listings, with 12 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 31 days on market compared to 88 days last year.

The median listing price has risen 139.6% year-over-year, from $552,500 to $1,323,750.

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: 17,099  ·  Density: 2,330.0/mi²  ·  Median household income: $66,901

Typical home value: $440,928  ·  Homeownership: 36.4%

Market Overview

Active Listings
34
⇩ 12.8% vs 39 last year
Pending
12
35% pending ratio
Median Price
$1,323,750
⇧ 139.6% vs $552,500 last year
Average Price
$1,948,439
⇧ 50.3% vs $1,296,071 last year
Days on Market
31
⇩ 64.8% vs 88 days last year

Price Per Square Foot

Median $/sqft
$305
⇧ 9.7% vs $278/sqft last year
Median Home Size
3,811 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 34 this year vs 39 last year
  • Days on market: 31 now vs 88 last year

Median & Average Pricing

Year over Year
  • Median: $1,323,750 (+139.6% YoY)
  • Average: $1,948,439 (+50.3% 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 5.6 miles — 480 listings ($267,167,561 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55405Minneapolis, MN 554050.0 mi25$43,813,925$899,900$1,752,557
55402Minneapolis, MN 554021.7 mi0$0$599,000$599,000
55401Minneapolis, MN 554012.0 mi64$42,014,528$376,950$656,477
55404Minneapolis, MN 554042.2 mi48$10,661,376$210,000$222,112
55415Minneapolis, MN 554152.3 mi41$26,629,377$399,900$649,497
55409Minneapolis, MN 554093.0 mi16$5,330,336$295,000$333,146
55407Minneapolis, MN 554073.5 mi39$9,254,778$230,000$237,302
55412Minneapolis, MN 554123.9 mi66$15,767,202$240,000$238,897
55414Minneapolis, MN 554143.9 mi28$14,075,740$312,400$502,705
55427Minneapolis, MN 554274.5 mi48$19,920,144$324,999$415,003
55418Minneapolis, MN 554184.6 mi40$12,197,240$317,450$304,931
55424Minneapolis, MN 554244.8 mi27$52,012,557$1,950,000$1,926,391
55417Minneapolis, MN 554175.6 mi38$15,490,358$365,000$407,641

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55405?

As of February 2026, there are 34 active listings in MINNEAPOLIS, MN (zip code 55405), compared to 39 the prior year.

What is the median home price in MINNEAPOLIS, MN 55405?

The median listing price in MINNEAPOLIS, MN 55405 is $1,323,750 as of February 2026, a 139.6% increase from $552,500 the prior year.

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

Homes in MINNEAPOLIS, MN 55405 spend an average of 31 days on the market before going under contract, compared to 88 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55405?

Based on current inventory and days-on-market data as of February 2026, MINNEAPOLIS, MN 55405 is currently a Seller's Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 31 days on market compared to 88 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 55405 save an estimated $26,475 compared to a typical 5% commission on the median listing price of $1,323,750. 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.