Minneapolis, MN 55419 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

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.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary indicator of recent market value is the $474,000 median sold price, which signals realized transaction pricing in the ZIP and should guide valuation and offer strategies; hot market temperature supports continued seller leverage on comparable SFR and condo deals.
2. There is a meaningful gap between $424,900 median listing price and the median sold price, which may indicate pricing friction or seller optimism relative to completed transactions; pricing gap suggests buyers should validate comps and appraisal risk before escalating offers.
3. Liquidity appears mixed: the median days on market of 271 points to slower sales velocity for some listings even as the overall market temperature is described as hot, so sellers may need patience or targeted pricing to achieve bid activity while buyers can use time to negotiate on inspections and contingencies.
4. Macro pressures add caution: median market rent of 2,000 is rising alongside rent year-over-year trends, and interest-rate context shows a higher borrowing cost (current 30-year fixed at 6.76% vs. 5.88% earlier), with elevated interest rate pressure that may temper buyer purchasing power despite strong price trends.

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.