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Market Intelligence · MN / Minneapolis

Minneapolis, MN 55428 Housing Market

Typical home value in Minneapolis 55428 is $315,748, up 1.5% over the past year. The median list price sits at $325,475, with homes staying on the market for a median of 37 days as of September 2026.

Updated September 2026Median value$316K

The median home value in Minneapolis, MN 55428 is $316K as of September 2026, up 1.5% 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 55428 range

$290K to $341K

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

+1.5% over 12 months

Typical home value in 55428 over the last 12 months: $311K in Sep 2025 to $316K in Sep 2026 (+1.5%).

Sep 2025$311K

Sep 2026$316K

The numbers

What is the 55428 housing market like?

Typical home value

$316K

Up1.5%YoY

Median list price

$325K

Up1.8%MoM

Days on market

37

Up48.0%MoM

Homes for sale

60

Up5.3%MoM

Price cuts

27.5%

Up75.3%MoM

New listings

32

Down11.1%MoM

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

The outlook

55428 housing market forecast 2027

+1.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 55428 to rise 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in 55428 rose 1.5%, per the Zillow Home Value Index.

Will home prices drop in 55428?

Zillow's forecast does not call for a drop: it expects typical home values in 55428 to rise 1.4% by September 2027, after a 1.5% 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 55428 home prices compare?

  • 55428$315,748
  • 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

The 55428 ZIP has 60 homes for sale, with 32 new listings added in September 2026. Median days on market of 37 suggests steady buyer interest, though not a rush market. A notable concern for sellers is that 27.5% of current listings carry a price cut, indicating some properties are not holding their initial asking price. This uptick in adjustments appears despite the year-over-year value gain of 1.5%. Sellers should be realistic about pricing and prepare for a market that rewards competitively listed homes.

Monthly payment

Estimate your monthly payment.

20% · $63,150

Common questions

What people ask us.

What is the typical home value in 55428?

The typical home value is $315,748, up 1.5% over the past year as of September 2026.

How many homes are currently for sale in 55428?

There are 60 homes for sale in the ZIP as of September 2026, with 32 new listings added that month.

How long do homes typically stay on the market here?

The median days on market is 37 as of September 2026.

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