Minneapolis, MN 55410 Real Estate Market Report

ZIP Code: 55410
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. $599,950 median sold price is the primary market signal for recent transactions in ZIP 55410; this level suggests current realized market value is substantially below the $837,950 median listing price, which may indicate pricing friction between seller expectations and closed transactions and suggests buyers are transacting at lower price points than many active asks.

2. $599,950 median sold price combined with a median days on market of 253 points to slower sales velocity for closed transactions; this extended marketing duration may indicate more selective buyer activity or that properties require greater pricing or condition alignment to reach contract (moderate caution).

3. median price per square foot of 423 supports a relatively high per-unit valuation given local context; sellers and appraisers should reference this level when setting comps, and investors should use the median sold price and this per‑sqft benchmark to assess acquisition thresholds (up).

4. Market structure remains a seller-favorable environment by broader indicators—market temperature is hot and price year-over-year trend is up—but inventory dynamics in the analyzed sample point to a relatively constrained active supply, which may indicate continued upward pressure on prices while keeping liquidity selective; rent trends are also up, and interest rate pressure is moderate, supporting sustained investor and rental demand without extreme rate-driven volatility.

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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.

Minneapolis, MN 55410 Real Estate Market Report

ZIP Code: 55410
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The 272,400 median sold price is the primary indicator of market value and recent transaction activity, reflecting ongoing price appreciation in the neighborhood with a up price year-over-year trend.

2. The 306 median days on market signals slower sales velocity and notable pricing friction that may indicate more selective buyer urgency rather than broad rapid turnover; sellers should expect longer marketing periods on average.

3. The 309 median price per square foot suggests strong per-square-foot realizations for recent transactions, even as inventory conditions imply a need for targeted pricing and staging to secure negotiated closings.

4. The 2,700 median market rent, together with a up rent year-over-year trend, indicates healthy rental demand, while moderate interest rate pressure may constrain buyer purchasing power and require pricing discipline.

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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.