The Prospect Knolls housing market is somewhat competitive. The median sale price of a home in Prospect Knolls was $573K last month, down 16.1% since last year. The median sale price per square foot in Prospect Knolls is $208, down 18.9% since last year.
What is the housing market like in Prospect Knolls today?
In May 2025, Prospect Knolls home prices were down 16.1% compared to last year, selling for a median price of $573K. On average, homes in Prospect Knolls sell after 19 days on the market compared to 86 days last year. There were 6 homes sold in May this year, up from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$572,500
-16.1% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Prospect Knolls, MN
$572,500
-16.1%
United States
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How hot is the Prospect Knolls housing market?
Prospect Knolls is somewhat competitive. Homes sell in 44 days.
0
100
59
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 12 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 44 days.
Hot homes
can sell for about 3% above list price and go pending in around 13 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 Prospect Knolls housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Prospect Knolls.
Flood Factor - Minor
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Prospect Knolls has a minor risk of flooding. 36 properties in Prospect Knolls are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Prospect Knolls. Flood risk is increasing faster than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Prospect Knolls has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Prospect Knolls is most at risk from severe storms. 388 properties in Prospect Knolls have some risk of being in a severe wind event within the next 30 years.