Market Intelligence · MN / Minneapolis

Minneapolis, MN 55408 Housing Market

The typical home value in Minneapolis, MN 55408 is $288,624, up 1.4% over the past year. The median list price sits at $204,500, and homes spend a median of 79 days on market. That points to modest value growth alongside a slow pace of sales.

Updated August 2026Median value$289K

The median home value in Minneapolis, MN 55408 is $289K as of August 2026, up 1.4% 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 55408 range

$266K to $312K

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

+1.4% over 12 months

Typical home value in 55408 over the last 12 months: $285K in Aug 2025 to $289K in Aug 2026 (+1.4%).

Aug 2025$285K

Aug 2026$289K

The numbers

What is the 55408 housing market like?

Typical home value

$289K

Up1.4%YoY

Median list price

$205K

Down5.9%MoM

Days on market

79

Up27.4%MoM

Homes for sale

65

Flat0.0%MoM

Price cuts

15.2%

Down1.7%MoM

New listings

28

Up27.3%MoM

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

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The comparison

How do 55408 home prices compare?

  • 55408$288,624
  • 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 55408 rose 1.4% over the past year to a typical value of $288,624, a modest gain. There are 65 homes for sale, with 28 new listings added as of 2026-08-01. The median list price is $204,500, well below the typical value, and homes take a median of 79 days to sell. About 15.2% of listings have taken a price cut. For a seller, the data suggests values are holding up, but buyers are taking their time and some listings are having to adjust their asking price to move.

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