Blaine, MN 55449 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market signal is the median sold price of 532,000, which represents the most reliable indicator of recent transaction value in the area and suggests pricing near the current market equilibrium given a neutral market backdrop.
2. There is a persistent spread between the median listing price of 519,900 and the median sold price of 532,000, which may indicate seller expectations that are slightly ahead of realized sale values and could produce pricing friction during negotiations.
3. Slower sales velocity is evident with a median days on market of 52, coupled with a flat price year-over-year trend; this combination suggests moderate transaction volume and that buyers may have increased room to negotiate without broad downward pressure on sold prices.
4. Elevated financing headwinds are a material constraint: interest rate pressure is elevated and current 30-year fixed mortgage rates are reported in the 6.71%–6.88% range, while rent trends are weakening (down), which may suppress investor demand and extend holding periods for marginal listings.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.