St Louis Park, MN 55426 Real Estate Market Report

ZIP Code: 55426
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

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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 6.2% to 6.5% in May 2026, reflecting a stable market environment for property owners compared to the volatility seen earlier in the year.

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. 389,975 median sold price is the best indicator of recent market value and transaction activity in 55426; the neighborhood shows transaction-level price strength consistent with the broader up price year-over-year trend.

2. 229 median days on market suggests slower sales velocity despite the area's hot market temperature; this may indicate pricing friction or selective buyer demand rather than rapid turnover.

3. 394,900 median listing price alongside the median sold price implies sellers maintain firm asking levels and contributes to a perception of relatively constrained active supply; monitor listing-to-sale progression for evidence of sustained seller pricing power.

4. 1,399 median market rent and the up rent year-over-year trend support strong rental demand, while current financing conditions—Current 30-year fixed mortgage rates in St Louis Park, MN, are averaging approximately 6.2% to 6.5% in May 2026—reflect moderate interest rate pressure that may temper buyer affordability but remain manageable for many owners.

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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 55426 Real Estate Market Report

ZIP Code: 55426
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

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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 6.2% to 6.5% in May 2026, reflecting a stable market environment for property owners compared to the volatility seen earlier in the year.

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 neighborhood’s primary market signal is the <b>median sold price</b> of $189,800, which indicates recent transaction-level value and should be used as the baseline for valuation and comparable analysis; prioritizing sold-price comps may improve pricing accuracy in this market.

2. There is a significant lag in turnover as reflected by the <b>median days on market</b> of 363, which suggests slower sales velocity and that sellers should expect longer time-to-contract; consider staged pricing and targeted marketing to reduce holding costs and improve liquidity over extended marketing timelines.

3. The relationship between the <b>median listing price</b> of $172,700 and the higher <b>median sold price</b> of $189,800 may indicate sampling variation, competitive bidding on representative sales, or pricing friction between seller expectations and final transaction prices — agents should validate comps and set list prices with conservative escalation strategies rather than aggressive price cuts.

4. Market context supports continued demand: the market is labeled <b>hot</b> with prices <b>up</b> year-over-year and rents <b>up</b>, while interest rate pressure is <b>moderate</b> and local 30‑year fixed mortgage rates are reported at approximately 6.2% to 6.5%; prioritize buyers who are rate-sensitive and investors targeting rent growth given a strengthening rental trend.

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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.