Minneapolis, MN 55405 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

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

Key Findings

1. The neighborhood's representative recent sale shows a $444,000 median sold price, which should be treated as the primary indicator of current market value and transaction activity in 55405. representative recent sale
2. There is a notable spread between the $1,947,000 median listing price and the $444,000 median sold price, which suggests meaningful seller pricing expectations above recent transaction levels and may indicate pricing friction between ask and realized value. pricing friction
3. Market liquidity appears slower: the median days on market of 315 signals extended time-to-contract for listed SFR and condominium stock, which may reflect careful buyer selection or mismatch between asking prices and market-clearing values. slower sales velocity
4. Local fundamentals show mixed signals: the rent year-over-year trend is up alongside a price year-over-year trend up, while interest rate pressure is elevated; together these dynamics suggest accelerating rental demand but affordability headwinds that may keep transaction volume moderate and favor cautious pricing. elevated interest rate pressure

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.