Minneapolis, MN 55412 Real Estate Market Report

ZIP Code: 55412
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 55412 is $239,900, reflecting a stable market despite broader trends indicating a cooling toward neutrality. This price point suggests a modest appreciation in the area, as the local market appears to maintain its value amidst mixed signals. The market temperature is currently assessed as neutral, indicating a balance between buyer and seller activity, though specific segments may still exhibit competitive dynamics.

Transaction velocity is characterized by 206 days on market, suggesting a slower sales pace that may indicate pricing friction or buyer hesitation. Elevated inventory levels relative to sales activity further underscore this trend, with excess supply potentially impacting future pricing dynamics. Overall, while the market remains stable, the combination of slower sales and elevated inventory suggests a cautious approach for both buyers and sellers in the current landscape.

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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 55412 are averaging around 6.11% compared to an average of 6.65% one year ago in March 2025, indicating a cost opportunity for refinancing.

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 $239,900 indicates stable pricing in the face of broader market fluctuations.

2. With 206 days on market, the sales velocity is slower, suggesting potential pricing friction and buyer hesitance.

3. The median listing price of $250,000 shows a notable gap from the sold price, indicating seller expectations may be misaligned with current market realities.

4. Rental demand remains strong, with a median market rent of $2,050, reflecting robust local economic conditions.

5. The market temperature is neutral, suggesting balanced conditions between buyers and sellers, though specific segments may still be competitive.

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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.