The Prospect Park-East River Road housing market is somewhat competitive. The median sale price of a home in Prospect Park-East River Road was $350K last month, up 6.9% since last year. The median sale price per square foot in Prospect Park-East River Road is $264, down 2.6% since last year.
Prospect Park-East River Road Housing Market Trends
What is the housing market like in Prospect Park-East River Road today?
In March 2024, Prospect Park-East River Road home prices were up 6.9% compared to last year, selling for a median price of $350K. On average, homes in Prospect Park-East River Road sell after 61 days on the market compared to 65 days last year. There were 5 homes sold in March this year, down from 10 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$350,000
+6.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Prospect Park-East River Road, MN
$350,000
+6.9%
United States
To compare other locations to the Prospect Park-East River Road and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Minneapolis add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Prospect Park-East River Road housing market?
Prospect Park-East River Road is somewhat competitive. Homes sell in 24.5 days.
0
100
62
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 about 1% below list price and go pending in around 25 days.
Hot homes
can sell for about 1% above list price and go pending in around 11 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
4/10
Pratt Elementary School
Public • PreK-5
274
Students
15 reviews
NR
Ronald McDonald House
Public • K-12 • Choice school
7
Students
N/A
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 Prospect Park-East River Road housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Prospect Park-East River Road.
Risk Factor
Flood Factor - Moderate
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Prospect Park-East River Road has a moderate risk of flooding. 38 properties in Prospect Park-East River Road are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Prospect Park-East River Road. Flood risk is increasing faster than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Prospect Park-East River Road has a minor risk of wildfire. There are 7 properties in Prospect Park-East River Road that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Prospect Park-East River Road.
Prospect Park-East River Road has minimal risk of severe winds over the next 30 years
Wind Factor
Prospect Park-East River Road has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
99% of properties are at minor
risk of heat over the next 30 years
Heat Factor
Prospect Park-East River Road has a minor risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Prospect Park-East River Road have a Minor Heat Factor®.
Prospect Park-East River Road is expected to see a 100% increase in the number of days over 99ºF over the next 30 years. Prospect Park-East River Road is expected to experience 7