Market Intelligence · MN / Minneapolis

Minneapolis, MN 55405 Housing Market

The typical home in Minneapolis, MN 55405 is worth $466,568, up 3.4% over the past year as of 2026-08-01. The median list price is $612,500, and homes are spending a median of 64 days on market.

Updated August 2026Median value$467K

The median home value in Minneapolis, MN 55405 is $467K as of August 2026, up 3.4% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 55405 range

$429K to $504K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+3.4% over 12 months

Typical home value in 55405 over the last 12 months: $451K in Aug 2025 to $467K in Aug 2026 (+3.4%).

Aug 2025$451K

Aug 2026$467K

The numbers

What is the 55405 housing market like?

Typical home value

$467K

Up3.4%YoY

Median list price

$613K

Down19.0%MoM

Days on market

64

Up18.5%MoM

Homes for sale

40

Down4.8%MoM

Price cuts

12.9%

Up4.5%MoM

New listings

12

Flat0.0%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 55405 home prices compare?

  • 55405$466,568
  • Minneapolis$344,241
  • Minnesota$300,428
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Minneapolis: 48 ZIPs; Minnesota: 716 ZIPs; United States: 26,265 ZIPs).

Context

There are 40 homes for sale in Minneapolis, MN 55405 as of 2026-08-01, with 12 new listings coming on the market. The median list price sits at $612,500, while the typical home value is $466,568, up 3.4% over the past year. Homes are taking a median of 64 days to sell, and 12.9% of listings have had a price cut. Values are still climbing, but buyers are not rushing. A seller who prices accurately from day one is in a stronger position than one who tests the market high.

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