Minneapolis, MN 55430 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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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 indicator, median sold price, is $265,600, which frames recent transaction activity and suggests current market value when interpreting other metrics; representative recent sale informs pricing more than asking prices.
2. There is a meaningful gap between the median listing price ($307,500) and the median sold price ($265,600), which may indicate pricing friction or seller expectations above realized transaction levels; moderate pricing spread suggests caution when pricing new listings.
3. Median days on market are long at 274, pointing to slower sales velocity and extended time-to-close for typical SFR and condominium listings; slower transaction velocity may require strategic marketing or price adjustments to accelerate closings.
4. Market context shows price year-over-year trend is up while market temperature is neutral, rent year-over-year trend is up, and interest rate pressure is moderate with local 30-year fixed rates around 6.76%, implying a balanced market where selective pricing and financing clarity will be important for both buyers and sellers.

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.