Minneapolis, MN 55410 Real Estate Market Report

ZIP Code: 55410
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Minneapolis, MN (ZIP: 55410) is $635,000, reflecting a significant decrease in market value. This downward trend suggests a shift in buyer sentiment, likely influenced by affordability concerns amid rising interest rates. The market appears to be stabilizing, transitioning from a seller's advantage to a more neutral stance, although localized price declines are evident year-over-year.

Transaction activity is characterized by 240 days on market, indicating a slower sales velocity. Elevated inventory levels relative to sales activity suggest a market that is experiencing excess supply, which may contribute to the ongoing price adjustments. Despite these challenges, the rental market remains robust, with a median market rent of $2,110, indicating continued demand for rental properties in the area.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Minneapolis market around 6.375% to 6.78% are higher than the early 2026 average of 5.500% for property owners seeking new financing.

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

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Key Findings

1. The median sold price of $635,000 indicates a market that is experiencing declining values year-over-year.

2. With 240 days on market, the area is facing slower sales velocity, suggesting potential pricing friction for sellers.

3. The median listing price stands at $1,100,000, creating a notable gap with the sold price, which may reflect pricing challenges for sellers.

4. The market temperature is currently neutral, indicating a balance between buyer and seller activity despite elevated inventory levels.

5. Rental demand remains strong with a median market rent of $2,110, suggesting that while sales may be softening, the rental market continues to thrive.

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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.