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Minneapolis, MN 55408 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: 0.07
ActiveActive listings: 3030PendingPending 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): $319k$319kSoldMedian sold price (last 6 months): $310k$310k
What homes actually sell for in Minneapolis, MN
Distribution of 180 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $190k to $500k
$97k to $240k: 62 sales62sales$97k$240k to $384k: 44 sales$384k to $528k: 30 sales$384k$528k to $671k: 11 sales$671k to $814k: 5 sales$671k$814k to $958k: 6 sales$958k to $1.1M: 1 sales$958k$1.1M to $1.25M: 3 salesMedian $310k

What the numbers say

As of October 5, 2026, Resideline is tracking 30 active listings and 2 pending sales in ZIP code 55408. That pending-to-active ratio of 0.07 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $318,849, while the median of the 180 closed sales Resideline tracked over the last six months was $310,000. 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 55408 for 71 days.

Frequently asked questions

What is the median home price in 55408?

The median closed sale price in Minneapolis, MN 55408 was $310,000 over the last six months, based on 180 closed sales tracked by Resideline. The middle half of those sales ranged from $190,000 to $500,000.

Is 55408 a buyer's or seller's market?

Resideline is currently tracking 2 pending sales against 30 active listings in 55408, a pending-to-active ratio of 0.07. 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, 55408 currently looks like a balanced market.

Nearby ZIP code market data

Full Minneapolis, MN housing market report →

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