St Louis Park, MN 55416 Real Estate Market Report

ZIP Code: 55416
Report Date: May 2026
Market Temperature: HOT
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 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 St Louis Park, MN are averaging approximately 6.3%, reflecting a market environment where rates have remained elevated above 6% throughout early 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 signal is the median sold price of 475,000, which indicates realized market value and supports that recent transactions are occurring at elevated price levels in a hot market.

2. There is a pronounced gap between median listing price of 789,000 and the median sold price of 475,000, which may indicate pricing friction or optimistic seller expectations relative to recent transaction prices and suggests careful pricing strategy is required to achieve sales.

3. Extended selling timelines are evident: the median days on market is 248, which suggests slower sales velocity despite the hot market temperature and may reflect a mismatch between seller pricing and buyer willingness to transact.

4. Market fundamentals show a median price per square foot of 345 and a median market rent of 1,545; combined with moderate interest rate pressure and 30-year fixed rates averaging 6.3%, this environment appears supportive of continued demand but warrants caution on affordability and financing sensitivity.

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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.

St Louis Park, MN 55416 Real Estate Market Report

ZIP Code: 55416
Report Date: May 2026
Market Temperature: HOT
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 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 St Louis Park, MN are averaging approximately 6.3%, reflecting a market environment where rates have remained elevated above 6% throughout early 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. $275,000 is the best indicator of recent market value—median sold price shows realized transaction strength and, combined with a hot market temperature, suggests sellers can expect robust pricing when properties are effectively marketed and positioned for buyers.

2. There is a notable spread between $202,000 median listing price and $275,000 median sold price, which may indicate pricing friction or selective seller expectations; agents should emphasize recent comparable solds and staging to align listings with buyer willingness to pay.

3. The market shows slower turnover with 325 median days on market, which appears to reflect extended marketing timelines rather than weak demand alone; sellers may need targeted pricing strategies or concessions to accelerate liquidity, while buyers should expect longer search windows.

4. Price momentum remains positive—year-over-year price trend is up—but rent trends are down (median market rent $2,250), signaling potential near-term caution for investor buyers focused on rental income rather than capital appreciation.

5. Interest rate conditions are described as moderate pressure with current mortgage commentary around 6.3%, so financing-sensitive buyers may face headwinds; investors and owner-occupiers should model affordability scenarios explicitly before bidding.

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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.