Minneapolis, MN 55401 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.

Liquidity metrics unavailable due to insufficient data quality.

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. median sold price is the primary indicator of recent market value and transaction activity in 55401, but a representative median sold price is unavailable in the provided metrics; this likely reflects a very small sample of closed SFR/condo transactions in the dataset or timing gaps in recorded sales, so rely on qualitative liquidity signals and listed metric trends instead.
2. Price year-over-year trend: down — recent data show a down price trend, which, combined with a neutral market temperature, suggests the market is cooling toward balance rather than rapidly correcting.
3. median market rent: 2,195 — rents are running higher year-over-year (up), which may sustain investor interest and support near-term price floors even as sale prices soften.
4. Interest rate pressure: elevated — with current market rate context stating “Current market rates for 30-year fixed mortgages in Minneapolis, MN are approximately 6.6% compared to the 6.3% rate secured for the property in 2026,” elevated borrowing costs are a tangible headwind for affordability and may prolong time-to-contract, contributing to observed slower sales velocity and pricing friction.

Notable Properties

The following 4 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.