Minneapolis, MN 55418 Real Estate Market Report

ZIP Code: 55418
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Minneapolis, MN (ZIP: 55418) stands at $349,900, reflecting a slight decrease in home values year-over-year. This trend suggests a market adjustment, as the neighborhood has decreased 8% since 2022. Despite this decline, the market temperature remains hot, indicating ongoing buyer interest and competitive conditions, although the overall inventory levels are elevated relative to sales activity.

Current market dynamics show a median listing price of $329,900, which indicates a pricing gap that may reflect seller expectations versus actual market conditions. The median days on market is notably high at 212 days, suggesting slower sales velocity and potential pricing friction. Elevated inventory levels may contribute to this trend, as the market appears to be gradually shifting towards a more balanced state, although it still favors sellers in the short term.

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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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Minneapolis market around 6.11% are 0.54% lower than the 6.65% average recorded one year ago.

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 $349,900 indicates a significant gap compared to the median listing price of $329,900, suggesting potential pricing friction in the market.

2. With a median days on market of 212, the market is experiencing slower sales velocity, which may indicate a need for price adjustments by sellers.

3. The market temperature is currently hot, reflecting strong buyer interest despite the recent price decline.

4. Rental demand remains robust, with a median market rent of $1,916, suggesting continued upward pressure on rental prices due to constrained new construction.

5. The property tax rate of 1.16% may influence buyer affordability and overall market dynamics, particularly in a moderate interest rate environment.

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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.