Is Minneapolis, MN 55419 a buyer’s or seller’s market?

The Minneapolis housing market right now

In the three months ending August 31, 2026, 51% of homes in Minneapolis, MN 55419 sold above their list price, the typical home went under contract in 14 days and there was 1 month of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 151 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 58%, homes sold more slowly (12 days then) and the median sale price rose 5% to $574,751. Overall, Minneapolis is less competitive than a year ago, which gives buyers more room.

Within Hennepin County, homes here sell faster than in 92% of the county’s ZIP codes, and sell more often over asking than in 89%. On our competition score, Minneapolis ranks #2 of 296 MN ZIP codes with enough sales (score 92 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.