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ZIP 55406 in Minneapolis, MN: housing market trends

The median home sale price in ZIP 55406 in Minneapolis, MN was $376,889 for the three-month period ending September 2026. Sale prices were 1.6% higher than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$376,889
three-month period ending September 2026
Median sale price per sq ft
$259.94
three-month period ending September 2026
Active listings
197
three-month period ending September 2026
Typical monthly rent
$1,472
Rent index · August 2026

How is housing inventory changing?

There were 197 active listings for the three-month period ending September 2026. Active listings were 4.8% higher than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 14 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 55406 in Minneapolis, MN
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$376,889$259.94134
Single-familySeptember 2026$379,904$267.62119
TownhousesSeptember 2026$312,500$208.222 · small sample
Condos / co-opsSeptember 2026$182,495$165.684 · small sample
Multifamily (2–4 units)September 2026$395,000$191.318 · small sample

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 55406 in Minneapolis, MN
MarketMedian sale priceReporting period / source
Minneapolis, MN$357,000Month ending July 2026 · Zillow
Lauderdale, MN$329,8433 months ending September 2026 · Redfin
Falcon Heights, MN$381,0693 months ending September 2026 · Redfin
Lilydale, MN$431,7943 months ending September 2026 · Redfin
Richfield, MN$360,0793 months ending September 2026 · Redfin
Saint Louis Park, MN$410,000Month ending July 2026 · Zillow

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 55406 in Minneapolis, MN
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$376,889$259.94197
August 2026$380,000$262.72194
July 2026$385,000$262.12212
June 2026$385,000$260.78212
May 2026$385,000$262.68201
April 2026$343,250$250.18161
March 2026$339,250$247.61134
February 2026$340,000$236.11112
January 2026$352,450$239.42100
December 2025$366,000$253.02109
November 2025$365,000$254.56148
October 2025$365,000$252.31165
September 2025$371,000$247.05188
August 2025$373,500$248.40188
July 2025$375,000$256.45192
June 2025$380,000$261.83182
May 2025$370,500$259.74193
April 2025$365,000$249.59166
March 2025$330,000$243.04148
February 2025$336,250$242.89125
January 2025$355,000$237.58121
December 2024$331,000$233.70137
November 2024$322,100$239.47160
October 2024$325,500$240.81171

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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