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All market snapshots / 55407

Minneapolis, MN 55407 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: 0.12
ActiveActive listings: 4242PendingPending sales: 55
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): $212k$212kSoldMedian sold price (last 6 months): $335k$335k
What homes actually sell for in Minneapolis, MN
Distribution of 246 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $255k to $400k
$80k to $136k: 19 sales$80k$136k to $192k: 9 sales$192k to $247k: 20 sales$192k$247k to $303k: 33 sales$303k to $359k: 57 sales57sales$303k$359k to $414k: 45 sales$414k to $470k: 24 sales$414k$470k to $526k: 15 salesMedian $335k

What the numbers say

As of October 26, 2026, Resideline is tracking 42 active listings and 5 pending sales in ZIP code 55407. That pending-to-active ratio of 0.12 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $212,450, while the median of the 246 closed sales Resideline tracked over the last six months was $335,000. 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 55407 for 75 days.

Frequently asked questions

What is the median home price in 55407?

The median closed sale price in Minneapolis, MN 55407 was $335,000 over the last six months, based on 246 closed sales tracked by Resideline. The middle half of those sales ranged from $255,000 to $400,000.

Is 55407 a buyer's or seller's market?

Resideline is currently tracking 5 pending sales against 42 active listings in 55407, a pending-to-active ratio of 0.12. 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, 55407 is currently a typical-pace market.

Nearby ZIP code market data

Full Minneapolis, MN housing market report →

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