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Minneapolis, MN 55401 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Minneapolis, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.14
ActiveActive listings: 5151PendingPending sales: 77
Minneapolis, MN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $310k$310kSoldMedian sold price (last 6 months): $335k$335k
What homes actually sell for in Minneapolis, MN
Distribution of 172 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $240k to $525k
$125k to $278k: 55 sales55sales$125k$278k to $431k: 54 sales$431k to $584k: 20 sales$431k$584k to $738k: 15 sales$738k to $891k: 6 sales$738k$891k to $1.04M: 3 sales$1.04M to $1.2M: 1 sales$1.04M$1.2M to $1.35M: 1 salesMedian $335k

What the numbers say

As of September 14, 2026, Resideline is tracking 51 active listings and 7 pending sales in ZIP code 55401. That pending-to-active ratio of 0.14 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $310,000, while the median of the 172 closed sales Resideline tracked over the last six months was $335,075. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 55401 for 65 days.

Frequently asked questions

What is the median home price in 55401?

The median closed sale price in Minneapolis, MN 55401 was $335,075 over the last six months, based on 172 closed sales tracked by Resideline. The middle half of those sales ranged from $239,900 to $525,000.

Is 55401 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 51 active listings in 55401, a pending-to-active ratio of 0.14. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 55401 currently looks like a balanced market.

Nearby ZIP code market data

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