St Louis Park, MN 55416 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 neighborhood's primary market signal is the median sold price of $425,000, which indicates recent transaction levels and supports a narrative of moderate price appreciation given the broader up price trend.
2. There is a large gap between the median listing price of $637,450 and the median sold price, which suggests pricing friction and that seller expectations may be outpacing realized transaction values.
3. Liquidity appears restrained with a median days on market of 257, which points to slower sales velocity and may indicate that buyers are selective or that listings require more time to align with market-driven price expectations; this should be treated as a sign of caution for time-sensitive pricing strategies (moderate/slow velocity).
4. Market context supports continued seller-side strength: the market is labeled hot, price momentum is up, rent is down year-over-year, and interest rate pressure is elevated (current 30-year fixed rate ~6.38%), so investors and owners should plan for higher financing costs even as property values trend upward (elevated interest rate pressure).

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.