The 55016 housing market is somewhat competitive. The median sale price of a home in 55016 was $390K last month, up 4.0% since last year. The median sale price per square foot in 55016 is $193, up 0.8% since last year.
In March 2024, 55016 home prices were up 4.0% compared to last year, selling for a median price of $390K. On average, homes in 55016 sell after 63 days on the market compared to 37 days last year. There were 127 homes sold in March this year, up from 118 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$389,900
+4.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
55016, MN
$389,900
+4.0%
United States
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How hot is the 55016 housing market?
55016 is somewhat competitive. Homes sell in 50.5 days.
0
100
57
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 3 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 51 days.
Hot homes
can sell for about 1% above list price and go pending in around 16 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
8/10
Grey Cloud Elementary School
Public • K-5
714
Students
6 reviews
8/10
Cottage Grove Elementary School
Public • K-5
461
Students
1 reviews
6/10
Crestview Elementary School
Public • PreK-5
367
Students
3 reviews
6/10
Nuevas Fronteras
Public • K-5
415
Students
4 reviews
6/10
Hillside Elementary School
Public • PreK-5
426
Students
1 reviews
Only showing 5 of
9 elementary schools.
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.
Risk Factor
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
55016 has a moderate risk of flooding. 1,110 properties in 55016 are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in 55016. Flood risk is increasing slower than the national average.
10% of properties are at risk of wildfire over the next 30 years
Fire Factor
55016 has a moderate risk of wildfire. There are 1,564 properties in 55016 that have some risk of being affected by wildfire over the next 30 years. This represents 10% of all properties in 55016.