Minneapolis, MN 55419 Real Estate Market Report

ZIP Code: 55419
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: 55419) stands at $475,000, reflecting a competitive market environment. This neighborhood has shown a consistent upward trend, characterized by a market temperature described as hot. The current conditions suggest that while sellers retain some leverage, the presence of elevated inventory may indicate a shift towards a more balanced market.

With a median listing price of $534,900, there exists a notable gap between listing and sold prices, which may create pricing friction for sellers. The median days on market is 226, indicating a slower sales velocity, which could reflect buyer caution amid elevated interest rate pressure. Despite these challenges, the local economic fundamentals remain strong, supporting ongoing housing demand.

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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 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 Minneapolis MN 55419 average around 6.11% compared to the 2026 average of 6.65% when many recent loans originated.

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 $475,000 indicates a competitive market, with prices showing signs of strengthening.

2. The median listing price of $534,900 suggests a significant gap compared to sold prices, potentially leading to pricing friction for sellers.

3. With 226 days on market, the sales velocity appears slower, which may indicate buyer caution in the current environment.

4. The market temperature is classified as hot, suggesting ongoing demand despite elevated interest rate pressure.

5. The median market rent of $2,010 reflects a continued upward trend, indicating strong rental demand in the area.

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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.