Market Intelligence · MN / Minneapolis

Minneapolis, MN 55423 Housing Market

The typical home value in Minneapolis 55423 is $342,617, up 1.6% over the past year. The median list price stands at $335,000, with homes taking a median of 35 days to sell.

Updated September 2026Median value$343K

The median home value in Minneapolis, MN 55423 is $343K as of September 2026, up 1.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 55423 range

$315K to $370K

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

+1.6% over 12 months

Sep 2025$337K

Low $337KHigh $344K

Sep 2026$343K

The numbers

What is the 55423 housing market like?

As of September 2026

Typical home value

$343K

1.6%YoY

Median list price

$335K

2.2%MoM

Days on market

20.7%MoM

Homes for sale

20.8%MoM

Price cuts

29.5%

81.3%MoM

New listings

50.0%MoM

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

The outlook

55423 housing market forecast 2027

+1.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 55423 to rise 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in 55423 rose 1.6%, per the Zillow Home Value Index.

Will home prices drop in 55423?

Zillow's forecast does not call for a drop: it expects typical home values in 55423 to rise 1.4% by September 2027, after a 1.6% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 55423 home prices compare?

55423$342,617
Minneapolis$342,662
Minnesota$298,219
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Minneapolis: 48 ZIPs; Minnesota: 716 ZIPs; United States: 26,262 ZIPs).

Context

Sellers in 55423 listed at a median of $335,000 as of September 2026, with 87 homes for sale and 32 new listings entering the market that month. Homes are moving at a moderate pace, with a median of 35 days on market. Nearly a third of listings, 29.5%, took a price cut, which suggests some sellers are starting above what buyers will pay. Typical home values are still rising, up 1.7% over the past year to $346,746. For a seller, the read is simple: price realistically from the start, because buyers here are pushing back on ambitious asking prices.

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Down payment20% · $68,523

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Common questions

What people ask us.

What is the typical home value in 55423?

The typical home value is $342,617, up 1.6% over the past year as of September 2026.

How long do homes stay on the market in 55423?

The median days on market is 35 as of September 2026.

What share of homes have had a price cut?

29.5% of listings have seen a price cut as of September 2026.

Discover

Nearby ZIP markets.

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