Minneapolis, MN 55401 Real Estate Market Report

ZIP Code: 55401
Report Date: May 2026
Market Temperature: NEUTRAL
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.

Liquidity metrics unavailable due to insufficient data quality.

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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.

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Key Findings

1. The median sold price remains the primary indicator of neighborhood value and completed transaction momentum; current signals show price year-over-year trend: up and the market appears balanced, suggesting modest appreciation rather than a rapid run-up.

2. Liquidity appears measured: the sample indicates a relatively constrained active supply against recent sales, which may support asking-price resilience but also suggests pricing friction where some listings could take longer to transact.

3. Mortgage and affordability pressure is meaningful — interest rate pressure: elevated — which may dampen buyer urgency and slow velocity even as the market remains neutral on balance.

4. Rental dynamics provide upside for investors and owners: median market rent: 2,260 with rent year-over-year trend: up, while pricing efficiency is supported by median price per square foot: 400, indicating firm per-unit value in the local SFR and condo mix.

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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.

Minneapolis, MN 55401 Real Estate Market Report

ZIP Code: 55401
Report Date: May 2026
Market Temperature: NEUTRAL
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

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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.

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Key Findings

1. The primary market value indicator is the median sold price of $360,000, which represents the most reliable signal of recent transaction activity and suggests a representative recent sale level for SFR and condo product in 55401.

2. Listing expectations remain above recent transactions: the median listing price of $379,900 appears to be higher than the median sold price and may indicate pricing friction between seller expectations and closed-market outcomes.

3. Sales velocity is slow relative to typical turnover: the median days on market of 347 points to extended marketing periods and suggests slower transaction velocity, which may pressure sellers to adjust pricing or terms to achieve timely closings.

4. Market context shows a balanced price environment with upward rent pressure: price trends are up, market temperature is neutral, rent trends are up, and interest rate pressure is elevated — together these signals suggest stable to modest appreciation potential while elevated interest rates increase affordability headwinds and underline the value of emphasizing rental demand and cash-flow resilience in acquisition underwriting.

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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.