Plymouth, MN 55446 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. median sold price $609,300 is the primary indicator of recent market value in 55446 and suggests realized transaction levels are below asking expectations given the gap versus the median listing price $690,000, indicating pricing friction between sellers and buyers; balanced negotiation environment may persist as the market cools into fall.
2. median sold price $609,300 coupled with a median days on market 57 points to moderate transaction velocity — longer marketing periods than a hot market but not a freeze, which may indicate stable, predictable fall selling pace for SFR and condo listings.
3. median price per square foot $262 and median market rent $2,650 together frame relative value for owner-occupiers versus renters, with upward rent pressure noted by rent year-over-year trend being up, which supports continued investor and rental demand considerations.
4. Market balance is also shaped by interest-rate dynamics: interest rate pressure is elevated and local 30-year fixed mortgage rates of 6.88% (compared with 6.71% nationally earlier in September 2026) may be creating a homeowner lock-in effect, suppressing inventory turnover despite a relatively constrained active supply in the analyzed sample; the broader market temperature is neutral, suggesting caution rather than aggressive price corrections.

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.