Minneapolis, MN 55411 Real Estate Market Report

ZIP Code: 55411
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Minneapolis, MN (ZIP: 55411) market has demonstrated a median sold price of $237,500, reflecting a stable market despite signs of cooling from previous highs. The neighborhood has increased up since 2023, indicating ongoing appreciation in property values. However, the market is currently experiencing elevated inventory levels, which may suggest a shift towards a more balanced state as buyer activity is tempered by elevated interest rates and economic uncertainty.

Transaction velocity appears to be slowing, with properties spending a median of 241 days on market. This extended duration may indicate a cautious buyer sentiment amidst fluctuating economic conditions. While the median listing price stands at $225,000, the gap between listing and sold prices suggests potential pricing friction as sellers adjust expectations in light of market realities. Overall, the market temperature is currently assessed as neutral, reflecting a balance between supply and demand dynamics, albeit with some caution due to external economic pressures.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Minneapolis MN are around 6.000% to 6.500% compared to historical low origination rates in 2026 which reached 3.750% for similar loans.

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. $237,500 is the median sold price, indicating a stable market with ongoing appreciation.

2. The median days on market of 241 suggests slower sales velocity, reflecting cautious buyer sentiment.

3. $225,000 is the median listing price, indicating potential pricing friction as sellers adjust to market conditions.

4. The market temperature is neutral, suggesting a balance between supply and demand dynamics.

5. $1,916 is the median market rent, which has shown a year-over-year increase, indicating robust rental demand.

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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.