Minneapolis, MN 55418 Real Estate Market Report

ZIP Code: 55418
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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.

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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 the 55418 area are approximately 6.5%, reflecting a stable interest rate environment for property owners compared to the 6.2% average seen earlier in 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 primary market indicator, median sold price $349,900, confirms recent transaction values and suggests this is the most reliable reflection of neighborhood pricing relative to asking expectations; the median listing price $301,500 sits below that realized sale level, which may indicate sellers are achieving higher transaction prices than listed or that the sample of listings is skewed toward lower-priced offers (representative recent sale).

2. Despite the relatively high realized prices, median days on market 242 points to slower sales velocity and extended marketing periods, which may signal pricing friction or more selective buyer behavior even as sales close at higher dollar levels.

3. Market context shows price year-over-year trend up alongside a market temperature neutral, implying value appreciation without an overheated market; use conservative pricing strategies and incremental list-price adjustments rather than aggressive hikes (moderate balance).

4. Financial conditions show interest rate pressure moderate with current 30-year fixed rates approximately 6.5% versus 6.2% earlier in 2026, and rent year-over-year trend down; this combination suggests financing costs remain a constraint for some buyers while weakening rental growth may temper investor demand—position listings for owner-occupiers and emphasize long-term financing stability in marketing (down).

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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.

Minneapolis, MN 55418 Real Estate Market Report

ZIP Code: 55418
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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 the 55418 area are approximately 6.5%, reflecting a stable interest rate environment for property owners compared to the 6.2% average seen earlier in 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 primary market indicator, median sold price: $110,800, confirms current transaction-level value for SFR and condo sales in 55418 and up price momentum is reported year‑over‑year, suggesting modest appreciation pressure in realized sales.

2. Liquidity appears slow: the median days on market: 341 signals prolonged time to close transactions and may indicate slower sales velocity despite a sample that suggests relatively constrained active supply in recent transactions.

3. Pricing and rent context shows a median price per square foot: $141 alongside a median market rent: $1,645, while rents are reported down year‑over‑year, which could affect near‑term rental income dynamics even as sale prices show modest upward direction.

4. Financing and market balance note that market temperature is neutral and interest rate pressure is moderate; current 30‑year fixed mortgage rates are approximately 6.5% in the area versus 6.2% earlier in 2026, a small shift that appears to reflect a stable but watchful borrowing cost environment.

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Notable Properties

The following 3 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.