The 55388 housing market is somewhat competitive. The median sale price of a home in 55388 was $350K last month, up 18.7% since last year. The median sale price per square foot in 55388 is $144, down 28.4% since last year.
In May 2024, 55388 home prices were up 18.7% compared to last year, selling for a median price of $350K. On average, homes in 55388 sell after 48 days on the market compared to 32 days last year. There were 17 homes sold in May this year, down from 30 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$350,000
+18.7% YoY | May 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2024
Growth
% YoY
55388, MN
$350,000
+18.7%
United States
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How hot is the 55388 housing market?
55388 is somewhat competitive. Homes sell in 25.5 days.
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100
50
Somewhat 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 9 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 26 days.
Hot homes
can sell for about 1% above list price and go pending in around 9 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 55388 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 55388.
Risk Factor
Flood Factor - Minor
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
55388 has a minor risk of flooding. 125 properties in 55388 are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in 55388. Flood risk is increasing faster than the national average.
27% of properties are at risk of wildfire over the next 30 years
Fire Factor
55388 has a moderate risk of wildfire. There are 740 properties in 55388 that have some risk of being affected by wildfire over the next 30 years. This represents 27% of all properties in 55388.