Is Minneapolis, MN 55403 a buyer’s or seller’s market?

The Minneapolis housing market right now

In the three months ending August 31, 2026, 6% of homes in Minneapolis, MN 55403 sold above their list price, the typical home went under contract in 98 days and there were 7.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 37 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 2%, homes sold more slowly (62 days then) and the median sale price rose 50% to $277,380. Overall, Minneapolis is less competitive than a year ago, which gives buyers more room.

Within Hennepin County, homes here sell more slowly than in 98% of the county’s ZIP codes, and sell less often over asking than in 98%. On our competition score, Minneapolis ranks #296 of 296 MN ZIP codes with enough sales (score 7 out of 100).

Nearby, buyers who want less competition could look at Minneapolis 55454 (0% sold over asking), while Minneapolis 55406 (59% sold over asking) and Minneapolis 55441 (58% sold over asking) are even more competitive.