The Prospect Knolls housing market is somewhat competitive. The median sale price of a home in Prospect Knolls was $580K last month, down 26.8% since last year. The median sale price per square foot in Prospect Knolls is $172, down 17.3% since last year.
What is the housing market like in Prospect Knolls today?
In March 2024, Prospect Knolls home prices were down 26.8% compared to last year, selling for a median price of $580K. On average, homes in Prospect Knolls sell after 130 days on the market compared to 97 days last year. There were 7 homes sold in March this year, up from 4 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$580,000
-26.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Prospect Knolls, MN
$580,000
-26.8%
United States
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How hot is the Prospect Knolls housing market?
Prospect Knolls is somewhat competitive. Homes sell in 23 days.
0
100
48
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 around list price and go pending in around 23 days.
Hot homes
can sell for about 3% above list price and go pending in around 11 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.
Risk Factor
Flood Factor - Moderate
18% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Prospect Knolls has a moderate risk of flooding. 37 properties in Prospect Knolls are likely to be
severely affected
by flooding over the next 30 years. This represents 18% of all properties in Prospect Knolls. Flood risk is increasing faster than the national average.
8% of properties are at risk of wildfire over the next 30 years
Fire Factor
Prospect Knolls has a minor risk of wildfire. There are 32 properties in Prospect Knolls that have some risk of being affected by wildfire over the next 30 years. This represents 8% of all properties in Prospect Knolls.
Prospect Knolls has minimal risk of severe winds over the next 30 years
Wind Factor
Prospect Knolls has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.