Is Minneapolis, MN 55436 a buyer’s or seller’s market?

The Minneapolis housing market right now

In the three months ending August 31, 2026, 30% of homes in Minneapolis, MN 55436 sold above their list price, the typical home went under contract in 20 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 96 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 24%, homes sold faster (35 days then) and the median sale price rose 11% to $759,671. Overall, Minneapolis is more competitive than a year ago, so tougher for buyers.

Within Hennepin County, homes here sell faster than in 58% of the county’s ZIP codes, and sell less often over asking than in 58%. On our competition score, Minneapolis ranks #114 of 296 MN ZIP codes with enough sales (score 72 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.