The 55407 housing market is very competitive. The median sale price of a home in 55407 was $300K last month, down 4.8% since last year. The median sale price per square foot in 55407 is $207, up 11.9% since last year.
In April 2024, 55407 home prices were down 4.8% compared to last year, selling for a median price of $300K. On average, homes in 55407 sell after 19 days on the market compared to 28 days last year. There were 76 homes sold in April this year, down from 91 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$299,950
-4.8% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
55407, MN
$299,950
-4.8%
United States
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How hot is the 55407 housing market?
55407 is very competitive. Homes sell in 14 days.
0
100
81
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 14 days.
Hot homes
can sell for about 5% above list price and go pending in around 8 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 55407 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 55407.
Risk Factor
Flood Factor - Moderate
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
55407 has a moderate risk of flooding. 276 properties in 55407 are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in 55407. Flood risk is increasing faster than the national average.