Market Intelligence · MN / Minneapolis

Minneapolis, MN 55407 Housing Market

The typical home value in Minneapolis 55407 is $322,800, up 0.3% over the past year. The median list price sits at $304,950, and homes are taking a median of 30 days on market as of June 2026.

Updated June 2026Median value$323K

The median home value in Minneapolis, MN 55407 is $323K as of June 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

$297K to $349K

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

Typical home value in 55407 over the last 12 months: $322K in Jun 2025 to $323K in Jun 2026 (+0.3%).

Jun 2025$322K

Jun 2026$323K

The numbers

What is the 55407 housing market like?

Typical home value

$323K

Up0.3%YoY

Median list price

$305K

Days on market

30

Up66.7%MoM

Homes for sale

52

Price cuts

23.9%

New listings

32

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 55407 home prices compare?

  • 55407$322,800
  • Minneapolis$350,913
  • Minnesota$305,984
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Minneapolis: 48 ZIPs; Minnesota: 719 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 52 homes for sale in the 55407 ZIP code, with 32 new listings entering the market. The median list price is $304,950, and the typical home value is $322,800, up 0.3% over the past year. Homes are spending a median of 30 days on market, and 23.9% of listings have had a price cut. For sellers, the near-flat value trend and the notable share of price cuts suggest pricing carefully from the start matters more than ever.

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