Minneapolis, MN 55414 Real Estate Market Report

ZIP Code: 55414
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Minneapolis, MN (ZIP: 55414) reflects a median sold price of $315,000, indicating a stable market environment. The neighborhood has seen a flat price trend, suggesting that while there is price stabilization, there is no significant upward or downward movement in property values. This stability is crucial for both buyers and sellers as it reflects a balanced market with consistent buyer expectations.

Transaction activity appears moderate, with 326 median days on market, indicating a slower sales velocity. Elevated inventory levels relative to sales activity suggest that while there are opportunities for buyers, the market is not experiencing the urgency seen in more competitive environments. The median listing price stands at $2,700, which may reflect seller expectations that are not fully aligned with current market realities, further contributing to the extended days on market.

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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

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 Minneapolis are averaging 6.63%, which is 0.74% higher than the average rate of 5.89% seen in early 2026.

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 $315,000 indicates a stable market environment with no significant price fluctuations.

2. A median days on market of 326 suggests slower sales velocity, which may indicate a need for sellers to adjust expectations.

3. Elevated inventory levels relative to sales activity point to a balanced market, providing opportunities for buyers.

4. The median listing price of $2,700 may reflect seller expectations that are not fully aligned with market conditions, contributing to extended market times.

5. Rental demand remains strong with a median market rent of $1,916, suggesting potential for future rent growth due to limited new construction.

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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.