Edina, MN 55410 Real Estate Market Report

ZIP Code: 55410
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The Edina market is currently characterized by a median sold price of $599,000, reflecting a stable market environment. Although historical sold price change data is not available, the overall trend indicates a modest appreciation in property values, with the market experiencing a neutral temperature. This suggests that while some segments may be competitive, the broader market is balancing out, leading to a more sustainable growth trajectory.

Transaction activity appears to be moderated by 239 days on market, indicating a slower sales velocity. Elevated inventory levels relative to sales activity may suggest that buyers are exercising caution, potentially leading to pricing friction. The median listing price stands at $1,474,950, which indicates a significant gap between seller expectations and actual market transactions, further contributing to the neutral market dynamics observed in this period.

---

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

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.

---

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

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Edina, MN market average around 6.10% to 6.63%, which is notably lower than the 6.65% average seen one year ago.

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

---

Key Findings

1. The median sold price of $599,000 reflects stable market conditions in Edina.

2. With a median days on market of 239, the market is experiencing slower sales velocity, indicating potential buyer caution.

3. The median listing price of $1,474,950 suggests a notable gap between seller expectations and actual sales, contributing to pricing friction.

4. Overall, the market temperature is neutral, indicating a balanced environment with no clear buyer or seller advantage.

5. Rental demand remains strong, with a median market rent of $2,110, supporting the local economic outlook.

---

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.