Market Intelligence · MN / Minneapolis

Minneapolis, MN 55431 Housing Market

Homes in Minneapolis, MN 55431 have a typical value of $374,217, up 0.9% over the past year. The median list price stands at $387,450, and homes are selling with a median time on market of 32 days.

Updated September 2026Median value$374K

The median home value in Minneapolis, MN 55431 is $374K as of September 2026, up 0.9% 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 55431 range

$344K to $404K

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

+0.9% over 12 months

Sep 2025$371K

Low $371KHigh $377K

Sep 2026$374K

The numbers

What is the 55431 housing market like?

As of September 2026

Typical home value

$374K

0.9%YoY

Median list price

$387K

3.1%MoM

Days on market

33.3%MoM

Homes for sale

9.7%MoM

Price cuts

33.3%

60.3%MoM

New listings

0.0%MoM

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

The outlook

55431 housing market forecast 2027

+1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 55431 to rise 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 55431 rose 0.9%, per the Zillow Home Value Index.

Will home prices drop in 55431?

Zillow's forecast does not call for a drop: it expects typical home values in 55431 to rise 1.5% by September 2027, after a 0.9% 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 55431 home prices compare?

55431$374,217
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

As of September 2026, there are 34 homes for sale in the ZIP code, with 24 new listings hitting the market. The median days on market of 32 suggests a moderate pace of sales activity. However, one-third of listings, specifically 33.3%, have seen price cuts, which indicates some sellers are adjusting expectations. This mix of steady appreciation and active price adjustments suggests the market is stabilizing after earlier momentum. Sellers should be realistic about pricing and prepared for negotiation.

Monthly payment

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Home price

Down payment20% · $74,843

Term

Rate (%)

Common questions

What people ask us.

What is a typical home value in 55431?

The typical home value in this ZIP is $374,217, up 0.9% over the past year as of September 2026.

How long do homes stay on the market here?

The median days on market is 32 as of September 2026, indicating moderate selling speed.

What share of homes have had price cuts?

As of September 2026, 33.3% of listings have received a price cut.

Discover

Nearby ZIP markets.

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