Is Minneapolis, MN 55421 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Minneapolis is a seller’s market. With about 2.3 months of supply and 44% 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.

Months of supply2.3Under 4 months = seller’s market

Sold above original list44.4%Share of sales, last 3 months

Median sale-to-list101.4%Sold price ÷ list price

Median days on market21Listing to accepted offer

Median price per sq ft$195▲ +6.9% vs. last year

Run the numbers for 55421

Prefilled for 55421Can I win this house?Multiple-offer likelihood for a listing Prefilled for 55421Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology