St Louis Park, MN 55426 Real Estate Market Report

ZIP Code: 55426
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The housing market in St. Louis Park, MN is currently characterized by a median sold price of $399,900, reflecting a stable market condition. The neighborhood has shown signs of a flat price trend, suggesting a potential equilibrium between buyer and seller expectations. With 183 days as the median days on market, this indicates a slower sales velocity, which may suggest that buyers are taking their time to make purchasing decisions, potentially due to elevated interest rate pressures in the area.

Inventory conditions are marked by elevated levels of active listings compared to sales activity, indicating excess supply relative to demand. This may contribute to a more neutral market temperature, where neither buyers nor sellers hold a distinct advantage. The median market rent stands at $2,090, which continues to exert upward pressure on rental markets despite some conflicting data points, indicating a robust rental demand in the region.

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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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the St Louis Park MN 55426 area average around 6.01% to 6.375%, which is slightly higher than the national average of 5.86% seen in mid-February 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 median sold price of $399,900 suggests a stable market, reflecting current buyer sentiment and transaction activity.

2. With 183 days as the median days on market, there is a trend towards slower sales velocity, indicating buyers may be more cautious in their purchasing decisions.

3. The median listing price of $385,000 compared to the sold price indicates potential pricing friction, as sellers may need to adjust expectations to align with market realities.

4. The median market rent of $2,090 shows an upward trend, suggesting a strong rental demand that may influence buyer behavior in the housing market.

5. Overall, the market temperature is neutral, indicating a balanced environment where neither buyers nor sellers have a distinct advantage.

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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.