Minneapolis, MN 55408 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. $310,000 is the best single indicator of market value here—median sold price shows where transactions are clearing and, when contrasted with the $422,450 median listing price, may indicate persistent pricing friction as seller expectations remain above recent sale prices; balanced market temperature appears to be sustaining modest appreciation rather than strong bidding wars.
2. 332 median days on market points to notably slower sales velocity and extended marketing periods, which may indicate that buyers have time to negotiate and that liquidity is more measured than in fast-moving markets; slower sales velocity may require sellers to adjust pricing or concessions to accelerate transactions.
3. The sample shows elevated inventory relative to sales activity, which, combined with the gap between median listing price and median sold price, suggests excess supply that may give buyers more negotiation leverage and requires sellers to be more price-competitive to secure offers.
4. 1,325 median market rent, together with a rent year-over-year trend of up and interest rate pressure described as moderate (current 30-year rates averaging approximately 6.6%), signals strengthening rental demand and a stable borrowing-cost environment that may support investor interest in SFR and condo opportunities; rents rising supports income-side fundamentals.

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.