Brooklyn Park, MN 55443 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: $327,000, confirms recent transaction values in ZIP 55443 and suggests realized market value remains below asking levels in the current cycle; representative recent sale provides the best guide for valuation.
2. The gap between median listing price: $366,500 and the median sold price suggests pricing friction where seller expectations exceed recent transaction levels, which may indicate selective downward negotiation or longer time to contract for above-market listings.
3. The median days on market: 56 points to moderate-to-slower sales velocity relative to traditionally rapid turnover markets and appears to reflect buyer sensitivity to elevated financing costs rather than an absence of demand.
4. Market context shows market temperature: hot alongside interest rate pressure: elevated and rent trends that are up; this combination suggests continued buyer competition for affordable SFR and condo options despite financing headwinds, while elevated interest rate pressure may cap price acceleration near-term.

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.