Market Intelligence · MN / Minneapolis

Minneapolis, MN 55438 Housing Market

Homes in Minneapolis 55438 have a typical value of $402,961, up 2.1% over the past year. The median list price stands at $449,975, with homes taking a median of 34 days to sell as of September 2026.

Updated September 2026Median value$403K

The median home value in Minneapolis, MN 55438 is $403K as of September 2026, up 2.1% 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 55438 range

$371K to $435K

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

+2.1% over 12 months

Sep 2025$395K

Low $395KHigh $403K

Sep 2026$403K

The numbers

What is the 55438 housing market like?

As of September 2026

Typical home value

$403K

2.1%YoY

Median list price

$450K

0.0%MoM

Days on market

3.0%MoM

Homes for sale

10.8%MoM

Price cuts

18.3%

24.4%MoM

New listings

50.0%MoM

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

The outlook

55438 housing market forecast 2027

+1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 55438 to rise 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 55438 rose 2.1%, per the Zillow Home Value Index.

Will home prices drop in 55438?

Zillow's forecast does not call for a drop: it expects typical home values in 55438 to rise 1.5% by September 2027, after a 2.1% 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 55438 home prices compare?

55438$402,961
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 area has 41 homes for sale, with 24 new listings added in September 2026. About 18.3% of listings carry a price cut, suggesting some sellers are adjusting to market conditions. The median time on market of 34 days indicates a gradual pace. Despite the modest 2.1% annual appreciation in typical home value, price reductions on roughly one in five listings point to a market where negotiation room exists for buyers. Sellers should expect a measured sales process.

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Down payment20% · $80,592

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Common questions

What people ask us.

What is the typical home value in 55438?

The typical home value is $402,961, which has increased 2.1% over the past year.

How long do homes take to sell in this area?

The median days on market is 34 as of September 2026.

What percentage of homes have price cuts?

About 18.3% of listings have experienced a price cut as of September 2026.

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Nearby ZIP markets.

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