Is Minneapolis, MN 55434 a buyer’s or seller’s market?
Minneapolis is a seller’s market. With about 1.2 months of supply and 50% 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 94% of U.S. ZIP codes, and #15 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 Minneapolis housing market right now
In the three months ending August 31, 2026, 50% of homes in Minneapolis, MN 55434 sold above their list price, the typical home went under contract in 18 days and there were 1.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 115 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 54%, homes sold about as fast and the median sale price fell 2% to $338,354. Overall, Minneapolis is less competitive than a year ago, which gives buyers more room.
Within Anoka County, homes here sell faster than in 85% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Minneapolis ranks #15 of 296 MN ZIP codes with enough sales (score 89 out of 100).
Nearby, buyers who want less competition could look at Forest Lake 55025 (24% sold over asking) or Minneapolis 55449 (25% sold over asking).
Run the numbers for 55434
Nearby markets
Andover 55304Seller’s market $202 /sq ftAnoka 55303Seller’s market $188 /sq ftBethel 55005Seller’s market $178 /sq ftCedar 55011Seller’s market $208 /sq ft Browse all markets →Towns like Minneapolis nearby
Find towns like Minneapolis in other states →Where Minneapolis is
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Questions about Minneapolis real estate
Is Minneapolis a buyer’s or seller’s market?
A seller’s market: there were 1.2 months of supply in Minneapolis, MN 55434 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 Minneapolis?
The typical home went under contract in 18 days in the latest three months.
Do homes in Minneapolis sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 101.2% of the list price.
What are property taxes in Minneapolis?
About 0.94% of a home’s value a year in Anoka County, or roughly $3,760 on a $400,000 home.
What is the median home price in Minneapolis?
The median sale price was $338,354 in the three months ending August 31, 2026, about $198 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