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All market snapshots / 55407

Minneapolis, MN 55407 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Minneapolis, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.08
ActiveActive listings: 3939PendingPending sales: 33
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): $190k$190kSoldMedian sold price (last 6 months): $321k$321k
What homes actually sell for in Minneapolis, MN
Distribution of 267 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $246k to $390k
$80k to $136k: 22 sales$80k$136k to $192k: 10 sales$192k to $247k: 24 sales$192k$247k to $303k: 44 sales$303k to $359k: 61 sales61sales$303k$359k to $414k: 45 sales$414k to $470k: 23 sales$414k$470k to $526k: 13 salesMedian $321k

What the numbers say

As of October 5, 2026, Resideline is tracking 39 active listings and 3 pending sales in ZIP code 55407. That pending-to-active ratio of 0.08 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $190,000, while the median of the 267 closed sales Resideline tracked over the last six months was $321,000. 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 58 days.

Frequently asked questions

What is the median home price in 55407?

The median closed sale price in Minneapolis, MN 55407 was $321,000 over the last six months, based on 267 closed sales tracked by Resideline. The middle half of those sales ranged from $246,000 to $390,000.

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

Resideline is currently tracking 3 pending sales against 39 active listings in 55407, a pending-to-active ratio of 0.08. 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, 55407 currently looks like a balanced market.

Nearby ZIP code market data

Full Minneapolis, MN housing market report →

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