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MINNEAPOLIS, MN 55406

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

Neighborhoods in ZIP 55406

Cooper · Corcoran · Ericsson · Greater Longfellow · Hiawatha · Howe · Longfellow · Nokomis · Powderhorn · Seward · Standish

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55406) currently shows 46 active listings, with 24 pending sales. Homes are averaging 22 days on the market before going under contract.

Inventory has tightened compared to last year, with 11 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 22 days on market compared to 23 days last year.

The median listing price has fallen 7.3% year-over-year, from $350,400 to $324,950.

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: 35,726  ·  Density: 2,756.0/mi²  ·  Median household income: $87,751

Typical home value: $312,726  ·  Homeownership: 66.8%

Market Overview

Active Listings
46
⇩ 19.3% vs 57 last year
Pending
24
52% pending ratio
Median Price
$324,950
⇩ 7.3% vs $350,400 last year
Average Price
$325,095
⇩ 16.8% vs $390,845 last year
Days on Market
22
⇩ 4.3% vs 23 days last year

Price Per Square Foot

Median $/sqft
$244
⇩ 0.4% vs $245/sqft last year
Median Home Size
1,223 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 46 this year vs 57 last year
  • Days on market: 22 now vs 23 last year

Median & Average Pricing

Year over Year
  • Median: $324,950 (-7.3% YoY)
  • Average: $325,095 (-16.8% 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 5.6 miles — 494 listings ($247,408,635 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55406Minneapolis, MN 554060.0 mi41$14,767,954$322,400$360,194
55114Saint Paul, MN 551142.3 mi11$2,935,603$272,500$266,873
55454Minneapolis, MN 554542.4 mi11$1,589,269$144,950$144,479
55105Saint Paul, MN 551052.7 mi38$23,136,946$505,000$608,867
55104Saint Paul, MN 551043.0 mi68$23,385,132$324,450$343,899
55415Minneapolis, MN 554153.0 mi41$26,629,377$399,900$649,497
55402Minneapolis, MN 554023.5 mi0$0$599,000$599,000
55108Saint Paul, MN 551083.6 mi15$6,568,380$369,900$437,892
55401Minneapolis, MN 554014.0 mi64$42,014,528$376,950$656,477
55413Minneapolis, MN 554134.2 mi20$6,852,740$332,495$342,637
55102Saint Paul, MN 551024.9 mi65$21,234,460$244,000$326,684
55410Minneapolis, MN 554105.0 mi54$62,155,728$950,000$1,151,032
55411Minneapolis, MN 554115.6 mi66$16,138,518$235,000$244,523

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55406?

As of February 2026, there are 46 active listings in MINNEAPOLIS, MN (zip code 55406), compared to 57 the prior year.

What is the median home price in MINNEAPOLIS, MN 55406?

The median listing price in MINNEAPOLIS, MN 55406 is $324,950 as of February 2026, a 7.3% decrease from $350,400 the prior year.

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

Homes in MINNEAPOLIS, MN 55406 spend an average of 22 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 55406?

Based on current inventory and days-on-market data as of February 2026, MINNEAPOLIS, MN 55406 is currently a Seller's Market. Inventory has tightened compared to last year, with 11 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 22 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 55406 save an estimated $6,499 compared to a typical 5% commission on the median listing price of $324,950. 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.