The Payne-Phalen housing market is very competitive. The median sale price of a home in Payne-Phalen was $258K last month, up 9.6% since last year. The median sale price per square foot in Payne-Phalen is $176, down 6.1% since last year.
What is the housing market like in Payne-Phalen today?
In January 2025, Payne-Phalen home prices were up 9.6% compared to last year, selling for a median price of $258K. On average, homes in Payne-Phalen sell after 38 days on the market compared to 20 days last year. There were 75 homes sold in January this year, up from 62 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$257,500
+9.6% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Payne-Phalen, MN
$257,500
+9.6%
United States
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How hot is the Payne-Phalen housing market?
Payne-Phalen is very competitive. Homes sell in 37 days.
0
100
74
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% below list price and go pending in around 37 days.
Hot homes
can sell for about 3% above list price and go pending in around 18 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 Payne-Phalen housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Payne-Phalen.
Flood Factor - Minor
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Payne-Phalen has a minor risk of flooding. 307 properties in Payne-Phalen are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Payne-Phalen. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Payne-Phalen has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Payne-Phalen is most at risk from severe storms. 7,971 properties in Payne-Phalen have some risk of being in a severe wind event within the next 30 years.