Minneapolis, MN 55405 Real Estate Market Report

ZIP Code: 55405
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.

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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. 525,000 median sold price is the primary indicator of market value in 55405 and points to firm transaction-level pricing; given this representative recent sale level, sellers and appraisers should prioritize comparable closed transactions over asking prices when setting expectations. neutral market temperature

2. 2,442,500 median listing price sits far above the median sold price, which suggests notable pricing friction or elevated seller expectations relative to recent transaction levels and may indicate that some listings are priced for a premium segment rather than the broad market. moderate pricing disconnect

3. 308 median days on market denotes slower sales velocity and implies longer marketing periods are common; this extended time to close should be factored into holding-cost models and contingency planning for sellers. moderate liquidity headwinds

4. 303 median price per square foot alongside 1,265 median market rent and an elevated interest rate pressure environment suggests that while price-per-square-foot and rents are rising, financing costs may temper near-term buyer activity and require conservative underwriting. price and rent trends up

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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 55405 Real Estate Market Report

ZIP Code: 55405
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

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 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 signal is the median sold price of $314,900, which represents the most reliable indicator of recent transaction value and suggests continued price appreciation when viewed alongside an up price trend.

2. There is a meaningful spread between the median listing price of $399,900 and the median sold price, which may indicate pricing friction or sellers testing the market; sellers should consider adjusting expectations toward the representative recent sale level to improve transaction likelihood.

3. Liquidity appears slower by velocity metrics: the median days on market of 369 points to extended marketing windows and suggests that listings may require targeted pricing, staging, or promotion to reach the level indicated by recent sales.

4. Market context shows a median price per square foot of $268 and a median market rent of $2,000, while interest rate pressure is elevated; investors and owners should weigh financing cost sensitivity even as rent and price trends are up and overall market temperature is neutral.

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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.