Start Free
All market snapshots / 55401

Minneapolis, MN 55401 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Minneapolis, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.04
ActiveActive listings: 5151PendingPending sales: 22
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): $350k$350kSoldMedian sold price (last 6 months): $350k$350k
What homes actually sell for in Minneapolis, MN
Distribution of 176 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $240k to $530k
$125k to $278k: 55 sales55sales$125k$278k to $431k: 53 sales$431k to $584k: 22 sales$431k$584k to $738k: 14 sales$738k to $891k: 11 sales$738k$891k to $1.04M: 2 sales$1.04M to $1.2M: 1 sales$1.04M$1.2M to $1.35M: 1 salesMedian $350k

What the numbers say

As of October 26, 2026, Resideline is tracking 51 active listings and 2 pending sales in ZIP code 55401. That pending-to-active ratio of 0.04 makes it a slower-moving market: listings are going under contract more slowly than in most ZIP codes Resideline tracks, which usually gives buyers more room to negotiate.

The median asking price of current listings is $350,000, while the median of the 176 closed sales Resideline tracked over the last six months was $350,000. 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 100 days.

Frequently asked questions

What is the median home price in 55401?

The median closed sale price in Minneapolis, MN 55401 was $350,000 over the last six months, based on 176 closed sales tracked by Resideline. The middle half of those sales ranged from $239,900 to $530,000.

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

Resideline is currently tracking 2 pending sales against 51 active listings in 55401, a pending-to-active ratio of 0.04. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 55401 is currently a slower-moving market.

Nearby ZIP code market data

Full Minneapolis, MN housing market report →

Running a deal in 55401? Free tools: ARV calculator · rehab cost estimator · BRRRR calculator · wholesale calculator · MAO calculator · home appreciation calculator. One address: real estate deal analyzer · rent estimate by address

Run any 55401 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.