Is Minneapolis, MN 55414 a buyer’s or seller’s market?

The Minneapolis housing market right now

In the three months ending August 31, 2026, 31% of homes in Minneapolis, MN 55414 sold above their list price, the typical home went under contract in 29 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 40 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold faster (39 days then) and the median sale price fell 15% to $324,859. Overall, Minneapolis is more competitive than a year ago, so tougher for buyers.

Within Hennepin County, homes here sell more slowly than in 76% of the county’s ZIP codes, and sell less often over asking than in 56%. On our competition score, Minneapolis ranks #217 of 296 MN ZIP codes with enough sales (score 56 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.