Minneapolis, MN 55421 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

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

Key Findings

1. The neighborhood's primary market signal is the median sold price: $306,000, which should be treated as the most reliable indicator of recent transaction value for SFR and condo comparables and used as the baseline for offer strategy; representative recent sale provides the clearest pricing anchor.
2. The spread between the median listing price $319,000 and the median sold price $306,000 may indicate pricing friction where seller expectations exceed recent transaction levels, suggesting buyers may have room to negotiate if market visibility and days on market remain elevated.
3. Median days on market 48 points to slower sales velocity relative to peak-market conditions and, combined with a neutral market temperature, suggests a more balanced negotiation environment rather than a one-sided market; monitor this metric for signs of accelerating liquidity.
4. Price-per-square-foot $239 and median market rent $1,395, alongside positive price and rent year-over-year trends, support continued modest appreciation potential, but elevated interest rate pressure (current average 30-year fixed at 6.88%, up 0.39% from 6.49%) introduces financing headwinds that may temper buyer demand and lengthen time-to-contract.

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.