St Louis Park, MN 55426 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 most reliable indicator of current market value is the median sold price of 380,200, which reflects recent transaction activity and suggests modest price appreciation given broader trends; up price momentum is indicated by price year-over-year trend being up.
2. There is a gap between the median listing price of 404,950 and the median sold price of 380,200, which may indicate pricing friction where seller expectations exceed recent transaction levels and could slow offers unless adjusted to reflect comparable sales.
3. The median days on market of 250 points to slower sales velocity and extended marketing periods for typical SFR and condominium listings, which appears consistent with a neutral market temperature that is gradually moving toward balance; such long days on market suggests buyers have time to be selective rather than urgent.
4. Market context shows a median price per square foot of 318 and median market rent of 1,415, while interest rate pressure is described as elevated and current 30-year fixed mortgage rates are approximately 6.36% to 6.88%, a combination that may keep some buyers sidelined even as rents and prices trend up; elevated interest rate pressure is a headwind to faster transaction growth.

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.