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 median sold price in St. Louis Park is currently $399,900, reflecting the actual market transactions and providing a clear indicator of value in the area. This price point suggests a stable market environment, although the overall price trend has remained flat recently. As the market transitions from previous volatility, the slight appreciation in home values may indicate a gradual recovery, yet the market's dynamics are shifting towards a more balanced state.

Market activity is characterized by elevated inventory levels relative to sales, with a median days on market of 188 days, suggesting a slower sales velocity. This extended time frame may reflect buyer hesitance amid elevated interest rate pressure, which remains a significant factor affecting affordability. Overall, the market appears to be stabilizing, but challenges in liquidity persist as buyers navigate the current economic landscape.

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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 market average around 6.01% to 6.17%, which is significantly lower than the 6.87% average seen one year ago.

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 indicates a stable market despite recent fluctuations.

2. With a median days on market of 188, the market is experiencing slower sales velocity.

3. Elevated inventory levels suggest excess supply relative to sales activity in the current market.

4. The median listing price of $387,450 shows a notable gap compared to the median sold price, indicating potential pricing friction.

5. Market temperature is currently neutral, reflecting a balanced environment with no clear buyer or seller 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.