The 55016 housing market is very competitive. The median sale price of a home in 55016 was $400K last month, up 1.3% since last year. The median sale price per square foot in 55016 is $191, up 3.8% since last year.
In October 2024, 55016 home prices were up 1.3% compared to last year, selling for a median price of $400K. On average, homes in 55016 sell after 34 days on the market compared to 31 days last year. There were 181 homes sold in October this year, up from 169 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$400,000
+1.3% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
55016, MN
$400,000
+1.3%
United States
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How hot is the 55016 housing market?
55016 is very competitive. Homes sell in 35 days.
0
100
70
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 around list price and go pending in around 35 days.
Hot homes
can sell for about 1% above list price and go pending in around 14 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 55016 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 55016.
Flood Factor - Minor
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
55016 has a minor risk of flooding. 1,055 properties in 55016 are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in 55016. Flood risk is increasing slower than the national average.
22% of properties are at risk of wildfire over the next 30 years
Fire Factor
55016 has a moderate risk of wildfire. There are 3,347 properties in 55016 that have some risk of being affected by wildfire over the next 30 years. This represents 22% of all properties in 55016.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
55016 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 55016 is most at risk from tornadoes. 14,967 properties in 55016 have some risk of being in a severe wind event within the next 30 years.