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ZIP 55408 in Minneapolis, MN: housing market trends

The median home sale price in ZIP 55408 in Minneapolis, MN was $249,927 for the three-month period ending September 2026. Sale prices were 27.6% lower 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
$249,927
three-month period ending September 2026
Median sale price per sq ft
$204.79
three-month period ending September 2026
Active listings
178
three-month period ending September 2026
Typical monthly rent
$1,519
Rent index · August 2026

How is housing inventory changing?

There were 178 active listings for the three-month period ending September 2026. Active listings were 5.3% 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 42 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 55408 in Minneapolis, MN
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$249,927$204.7970
Single-familySeptember 2026$456,135$248.3022
TownhousesSeptember 2026$320,000$196.433 · small sample
Condos / co-opsSeptember 2026$179,995$202.9636
Multifamily (2–4 units)September 2026$454,000$184.999 · 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 55408 in Minneapolis, MN
MarketMedian sale priceReporting period / source
Minneapolis, MN$357,000Month ending July 2026 · Zillow
Saint Louis Park, MN$410,000Month ending July 2026 · Zillow
Golden Valley, MN$457,2823 months ending September 2026 · Redfin
Richfield, MN$360,0793 months ending September 2026 · Redfin
Edina, MN$721,250Month ending July 2026 · Zillow
Hopkins, MN$399,8103 months ending September 2026 · Redfin

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 55408 in Minneapolis, MN
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$249,927$204.79178
August 2026$312,500$213.82180
July 2026$320,000$217.79180
June 2026$355,000$214.17196
May 2026$355,000$220.01194
April 2026$334,000$211.86160
March 2026$390,000$243.04131
February 2026$400,000$202.90118
January 2026$393,000$219.16126
December 2025$355,000$228.00145
November 2025$325,000$212.28160
October 2025$350,000$207.02171
September 2025$345,000$203.84169
August 2025$370,000$218.19185
July 2025$387,500$228.38189
June 2025$381,250$226.88191
May 2025$347,000$231.25188
April 2025$355,000$217.51173
March 2025$365,150$214.93140
February 2025$365,150$199.04133
January 2025$369,900$199.94138
December 2024$342,500$211.89146
November 2024$358,900$203.82166
October 2024$277,500$203.87188

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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