The 55038 housing market is very competitive. The median sale price of a home in 55038 was $455K last month, up 4.6% since last year. The median sale price per square foot in 55038 is $204, down 0.49% since last year.
In May 2025, 55038 home prices were up 4.6% compared to last year, selling for a median price of $455K. On average, homes in 55038 sell after 25 days on the market compared to 31 days last year. There were 144 homes sold in May this year, up from 130 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$455,000
+4.6% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
55038, MN
$455,000
+4.6%
United States
To compare other locations to the 55038 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Minnesota add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in 55038
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the 55038 housing market?
55038 is very competitive. Homes sell in 19.5 days.
0
100
73
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 20 days.
Hot homes
can sell for about 1% above list price and go pending in around 8 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 55038 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 55038.
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
55038 has a minor risk of flooding. 440 properties in 55038 are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in 55038. Flood risk is increasing slower than the national average.
80% of properties are at risk of wildfire over the next 30 years
Fire Factor
55038 has a moderate risk of wildfire. There are 8,371 properties in 55038 that have some risk of being affected by wildfire over the next 30 years. This represents 80% of all properties in 55038.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
55038 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 55038 is most at risk from severe storms. 10,444 properties in 55038 have some risk of being in a severe wind event within the next 30 years.