Is Minneapolis, MN 55448 a buyer’s or seller’s market?

The Minneapolis housing market right now

In the three months ending August 31, 2026, 41% of homes in Minneapolis, MN 55448 sold above their list price, the typical home went under contract in 20 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 138 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 45%, homes sold more slowly (16 days then) and the median sale price fell 1% to $349,799. Overall, Minneapolis is less competitive than a year ago, which gives buyers more room.

Within Anoka County, homes here sell faster than in 62% of the county’s ZIP codes, and sell more often over asking than in 69%. On our competition score, Minneapolis ranks #33 of 296 MN ZIP codes with enough sales (score 85 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), while Minneapolis 55434 (50% sold over asking) and Minneapolis 55433 (49% sold over asking) are even more competitive.