Is Maple Plain, MN 55359 a buyer’s or seller’s market?
Maple Plain is a seller’s market. With about 2.3 months of supply and 21% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 61% of U.S. ZIP codes, and #207 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Maple Plain housing market right now
In the three months ending August 31, 2026, 21% of homes in Maple Plain, MN 55359 sold above their list price, the typical home went under contract in 22 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 29 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold faster (24 days then) and the median sale price fell 20% to $644,141. Overall, Maple Plain is less competitive than a year ago, which gives buyers more room.
Within Hennepin County, homes here sell more slowly than in 56% of the county’s ZIP codes, and sell less often over asking than in 84%. On our competition score, Maple Plain ranks #207 of 296 MN ZIP codes with enough sales (score 59 out of 100).
Nearby, buyers who want less competition could look at Minneapolis 55454 (0% sold over asking) or Minneapolis 55403 (6% sold over asking), while Minneapolis 55406 (59% sold over asking) and Minneapolis 55441 (58% sold over asking) are even more competitive.
Run the numbers for 55359
Nearby markets
Champlin 55316Seller’s market $201 /sq ftDayton 55327Seller’s market $214 /sq ftEden Prairie 55344Seller’s market $217 /sq ftEden Prairie 55346Seller’s market $211 /sq ft Browse all markets →Towns like Maple Plain nearby
Find towns like Maple Plain in other states →Where Maple Plain is
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Questions about Maple Plain real estate
Is Maple Plain a buyer’s or seller’s market?
A seller’s market: there were 2.3 months of supply in Maple Plain, MN 55359 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Maple Plain?
The typical home went under contract in 22 days in the latest three months.
Do homes in Maple Plain sell over asking?
21% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.
What are property taxes in Maple Plain?
About 1.14% of a home’s value a year in Hennepin County, or roughly $4,560 on a $400,000 home.
What is the median home price in Maple Plain?
The median sale price was $644,141 in the three months ending August 31, 2026, about $248 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology