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Bancroft Bryant Central Corcoran Ericsson Field Nokomis Northrup Phillips Powderhorn Powderhorn Park Regina South Minneapolis Standish

MINNEAPOLIS, MN 55407

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

Neighborhoods in ZIP 55407

Bancroft · Bryant · Central · Corcoran · Ericsson · Field · Nokomis · Northrup · Phillips · Powderhorn · Powderhorn Park · Regina · South Minneapolis · Standish

Market Analysis

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

The MINNEAPOLIS, MN real estate market (55407) currently shows 47 active listings, with 17 pending sales. Homes are averaging 33 days on the market before going under contract.

Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 33 days on market compared to 56 days last year.

The median listing price has risen 17.5% year-over-year, from $219,175 to $257,500.

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: 36,997  ·  Density: 3,558.4/mi²  ·  Median household income: $74,518

Typical home value: $290,450  ·  Homeownership: 60.5%

Market Overview

Active Listings
47
⇩ 16.1% vs 56 last year
Pending
17
36% pending ratio
Median Price
$257,500
⇧ 17.5% vs $219,175 last year
Average Price
$255,416
⇩ 1.7% vs $259,868 last year
Days on Market
33
⇩ 41.1% vs 56 days last year

Price Per Square Foot

Median $/sqft
$187
⇩ 2.6% vs $192/sqft last year
Median Home Size
1,245 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 47 this year vs 56 last year
  • Days on market: 33 now vs 56 last year

Median & Average Pricing

Year over Year
  • Median: $257,500 (+17.5% YoY)
  • Average: $255,416 (-1.7% 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 5.0 miles — 569 listings ($349,033,809 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55407Minneapolis, MN 554070.0 mi39$9,254,778$230,000$237,302
55406Minneapolis, MN 554061.6 mi41$14,767,954$322,400$360,194
55408Minneapolis, MN 554082.1 mi57$16,845,609$229,500$295,537
55454Minneapolis, MN 554542.5 mi11$1,589,269$144,950$144,479
55415Minneapolis, MN 554152.8 mi41$26,629,377$399,900$649,497
55402Minneapolis, MN 554023.0 mi0$0$599,000$599,000
55410Minneapolis, MN 554103.5 mi54$62,155,728$950,000$1,151,032
55401Minneapolis, MN 554013.6 mi64$42,014,528$376,950$656,477
55105Saint Paul, MN 551054.2 mi38$23,136,946$505,000$608,867
55116Saint Paul, MN 551164.4 mi33$20,332,257$479,900$616,129
55416Minneapolis, MN 554164.5 mi98$64,156,288$375,000$654,656
55424Minneapolis, MN 554244.7 mi27$52,012,557$1,950,000$1,926,391
55411Minneapolis, MN 554115.0 mi66$16,138,518$235,000$244,523

Frequently Asked Questions

How many homes are for sale in MINNEAPOLIS, MN 55407?

As of February 2026, there are 47 active listings in MINNEAPOLIS, MN (zip code 55407), compared to 56 the prior year.

What is the median home price in MINNEAPOLIS, MN 55407?

The median listing price in MINNEAPOLIS, MN 55407 is $257,500 as of February 2026, a 17.5% increase from $219,175 the prior year.

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

Homes in MINNEAPOLIS, MN 55407 spend an average of 33 days on the market before going under contract, compared to 56 days the prior year.

Is it a seller's or buyer's market in MINNEAPOLIS, MN 55407?

Based on current inventory and days-on-market data as of February 2026, MINNEAPOLIS, MN 55407 is currently a Seller's Market. Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 33 days on market compared to 56 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 55407 save an estimated $5,150 compared to a typical 5% commission on the median listing price of $257,500. 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.