Minneapolis, MN 55417 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

Market Trends & Context

Key Findings

1. The primary market value signal is the median sold price of 380,000, which represents the most reliable indicator of transaction-level pricing in the ZIP code and suggests modest appreciation given broader trends.
2. Compared with asking expectations, the median listing price of 387,400 sits above the median sold price, which may indicate some pricing friction between sellers and executed transactions rather than a material disconnect.
3. Liquidity appears slower: the median days on market is 253, a long duration that suggests reduced sales velocity and that properties may require longer marketing or price adjustments to close, particularly under current elevated interest rate pressure.
4. Market context is largely balanced: price trajectory is up year-over-year and rent is also up, while official market temperature is neutral, implying a market that is stable with a slight edge for sellers in select segments but overall measured activity; investors and owners should factor in the higher financing costs when assessing timing and pricing.

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.