St Louis Park, MN 55426 Real Estate Market Report

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

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Executive Overview

The St. Louis Park housing market, as of March 2026, reflects a median sold price of $399,500, indicating a competitive landscape with slight price appreciation. The neighborhood has increased 15% since 2023, showcasing a robust demand despite broader market stabilization trends. The median days on market stands at 223, suggesting a slower sales velocity, which may indicate a shift in buyer sentiment or market dynamics.

Current inventory conditions show elevated inventory levels, with an excess supply relative to sales activity. This scenario could lead to pricing friction as sellers adjust expectations in response to market realities. The median listing price is $409,900, presenting a notable gap compared to the sold price, which may reflect seller optimism amid a moderating buyer demand. Overall, the market remains hot, supported by low inventory and moderate interest rate pressure, which continues to favor sellers in negotiations.

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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 for St Louis Park MN 55426 area are averaging around 6.62% compared to a recent Minnesota average of 6.50% for loans originated in 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 is $399,500, reflecting a competitive market with slight price appreciation.

2. The median days on market of 223 indicates a slower sales velocity, suggesting potential shifts in buyer behavior.

3. Elevated inventory levels suggest excess supply relative to sales activity, which may lead to pricing adjustments.

4. The median listing price of $409,900 shows a gap compared to the sold price, indicating potential pricing friction for sellers.

5. The market temperature is classified as hot, supported by low inventory and moderate interest rate pressure.

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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.