Is Minneapolis, MN 55449 a buyer’s or seller’s market?
Minneapolis is a seller’s market. With about 1.8 months of supply and 25% 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 71% of U.S. ZIP codes, and #155 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, 25% of homes in Minneapolis, MN 55449 sold above their list price, the typical home went under contract in 31 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 170 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (27% then), homes sold about as fast and the median sale price fell 5% to $459,801. Overall, Minneapolis is about as competitive as it was a year ago.
Within Anoka County, homes here sell more slowly than in 85% of the county’s ZIP codes, and sell less often over asking than in 92%. On our competition score, Minneapolis ranks #155 of 296 MN ZIP codes with enough sales (score 67 out of 100).
Nearby, Minneapolis 55434 (50% sold over asking) and Minneapolis 55433 (49% sold over asking) are even more competitive.
Run the numbers for 55449
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
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Questions about Minneapolis real estate
Is Minneapolis a buyer’s or seller’s market?
A seller’s market: there were 1.8 months of supply in Minneapolis, MN 55449 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 31 days in the latest three months.
Do homes in Minneapolis sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 99.6% 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 $459,801 in the three months ending August 31, 2026, about $195 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