Updated May 2026Redfin3-month window
55405 Real Estate Market Update: Minneapolis, MN, May 2026
The latest housing-market numbers for ZIP code 55405 in Minneapolis, Minnesota, for May 2026: a $540K median sale price, straight from Redfin Data Center. ZIP-level figures are a rolling three-month window (last public Redfin release).
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $540K | ▲ +1.1% | ▲ +10.8% |
| Days on market | 21 | ▲ +5.0% | ▼ -10.6% |
| Homes for sale | 52 | ▲ +13.0% | ▲ +13.0% |
| Sale-to-list | 100.1% | ▲ +0.5% | ▼ -0.3% |
| Homes sold | 45 | ▲ +25.0% | ▼ -11.8% |
Figures from Redfin Data Center (a rolling three-month window (last public Redfin release)). Verify against your MLS before posting. Not a valuation for a specific home.
What the 55405 numbers say
Prices in Minneapolis's 55405 ZIP are still climbing. The median sale price reached $540,000, up 10.8% year over year. Homes here move fast: a typical listing goes under contract in about 21 days, and sellers are getting 100.1% of list price.
With 52 homes for sale, 55405 is currently an active market.
What this means if you sell in 55405
Use these figures to set expectations early with each client. Lead a listing appointment with the $540K median price and the 21-day pace, show the year-over-year direction, and frame 55405 as an active market. A buyer or seller client trusts an agent who knows their exact ZIP, not just the metro average.
How we track the 55405 market
We built LOKAL to pull 55405's numbers straight from Redfin Data Center, so an agent and a client read from the same source. For May 2026 we recorded a $540K median sale price, +10.8% year over year, a 100.1% sale-to-list ratio and a +1.1% month-over-month move across 45 recorded sales. That compares with roughly $487K a year earlier, in 2025. This ZIP is served from the last public Redfin release (frozen since June 2026) and only appears because it cleared at least 20 recorded sales for the period, so the median stays reliable instead of noisy. Both sources have published ZIP-level series for years, which is what lets us show month-over-month and year-over-year change here in 2026. LOKAL is independent and not affiliated with Redfin; always verify against your MLS before you publish.
ZIP-code areas follow U.S. Postal Service boundaries; for complementary demographics on 55405 (population, median household income, owner-occupancy), see the U.S. Census Bureau profile for this ZIP Code Tabulation Area. LOKAL covers price and pace; the Census covers who lives there.
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Build the 55405 post →Frequently asked: the 55405 housing market
- What is the median home price in ZIP 55405 (Minneapolis, MN)?
- As of May 2026, the median sale price in ZIP 55405 is $540,000 (+10.8% year over year), per Redfin Data Center. Figures are a rolling three-month window (last public Redfin release) for this ZIP code.
- Is ZIP 55405 a buyer's or seller's market right now?
- ZIP 55405 is currently an active market, based on a 100.1% sale-to-list ratio, about 21 days on market for May 2026.
- How long do homes take to sell in ZIP 55405?
- A typical listing in 55405 goes under contract in about 21 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 55405 market data come from?
- All figures for 55405 come from Redfin Data Center: a rolling three-month window (last public Redfin release). LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data from Redfin Data Center (ZIP-level market data, a rolling three-month window (last public Redfin release)), not a valuation for a specific home.