How much is a home in 55407 worth?

The typical home value in 55407 is $316,216, up 0.3% over the past year. The median list price is $259,900.

How fast are homes selling in 55407?

Homes in 55407 spend a median of 29 days on the market. There are 68 homes for sale, with 40 new listings added.

Are sellers cutting prices in 55407?

About 15.8% of listings in 55407 have taken a price cut. That share suggests buyers are resisting some asking prices.

Market Intelligence · MN / Minneapolis

Minneapolis, MN 55407 Housing Market

In Minneapolis, MN 55407, the typical home value is $316,216, up 0.3% over the past year. The median list price is $259,900, and homes spend a median of 29 days on the market.

Updated August 2026Median value$316K

The median home value in Minneapolis, MN 55407 is $316K as of August 2026, up 0.3% 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 55407 range

$291K to $342K

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

+0.3% over 12 months

Aug 2025$315K

Low $315KHigh $321K

Aug 2026$316K

The numbers

What is the 55407 housing market like?

As of August 2026

Typical home value

$316K

0.3%YoY

Median list price

$260K

4.3%MoM

Days on market

38.3%MoM

Homes for sale

19.3%MoM

Price cuts

15.8%

11.4%MoM

New listings

5.3%MoM

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

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The comparison

How do 55407 home prices compare?

55407$316,216
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

Home values in 55407 are holding steady, with the typical value at $316,216, up 0.3% over the past year. Sellers are listing at a median of $259,900, and homes are moving at a median of 29 days on market. There are 68 homes for sale, with 40 new listings coming on, so buyers have some choice. About 15.8% of listings have taken a price cut, which suggests some homes are priced above what buyers will pay. For a seller, pricing accurately from the start matters more than testing the market.

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