Minneapolis, MN 55410 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

Key Findings

1. The primary market indicator is the median sold price of $543,000, which represents the most reliable signal of recent transaction activity and market value in 55410.
2. There is a notable spread between the median listing price of $780,000 and the median sold price of $543,000, which may indicate pricing friction between seller expectations and completed transactions; flat price momentum (price year-over-year trend: flat) suggests this gap is persisting rather than rapidly closing.
3. Liquidity appears restrained based on a median days on market of 269, which signals slower sales velocity and longer listing durations that may reflect careful buyer selection or reduced urgency; combined with a neutral market temperature, this suggests a gradually balancing market rather than a fast-moving one.
4. Rents are strengthening while interest costs remain a headwind: median market rent of $2,200 is trending up and may support investor interest over time, but elevated interest rate pressure continues to constrain affordability and could limit buyer pool growth 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.