Name: Median Sale Price — ZIP 55407 All Residential, March 31, 2026
Creator: Range Ranger
Published: 2026-03-31
License: https://redfin.com/news/data-center

Question 1

What was the median sale price in Minneapolis (55407)?

Accepted Answer

The median sale price for All Residential homes in ZIP 55407 was $340,000 for the 90-day period ending 2026-03-31, based on Redfin closed sale data.

Question 2

What does the median sale price in 55407 mean for sellers?

Accepted Answer

The median sale price reflects what All Residential homes in ZIP 55407 have actually closed for, not what they were listed at. At $340,000, this is the midpoint of all closed transactions in the 90-day period ending 2026-03-31. Half of homes sold for more; half sold for less.

Question 3

How is the median sale price in 55407 calculated?

Accepted Answer

The median sale price for ZIP 55407 is derived from closed sale transactions recorded over the 90-day period ending 2026-03-31. It is the midpoint value — not an average — across all All Residential sales in that period. Data source: Redfin.

Question 4

Is the median sale price in 55407 higher or lower than last year?

Accepted Answer

The median sale price in ZIP 55407 is up 1.5% compared to the same 90-day period one year ago, as of March 31, 2026.

Question 5

How does the median sale price compare to the median list price in 55407?

Accepted Answer

In ZIP 55407, the median list price was $325,000 and the median sale price was $340,000 for the 90-day period ending 2026-03-31. Homes closed at a median of $15,000 above asking.

Median sale price in 55407 was $340,000, up 1.5% from last year.