The 55040 housing market is very competitive. The median sale price of a home in 55040 was $325K last month, down 3.0% since last year. The median sale price per square foot in 55040 is $189, up 2.7% since last year.
In March 2024, 55040 home prices were down 3.0% compared to last year, selling for a median price of $325K. On average, homes in 55040 sell after 47 days on the market compared to 43 days last year. There were 49 homes sold in March this year, up from 28 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$324,900
-3.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
55040, MN
$324,900
-3.0%
United States
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How hot is the 55040 housing market?
55040 is very competitive. Homes sell in 25.5 days.
0
100
72
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 26 days.
Hot homes
can sell for about 2% above list price and go pending in around 10 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 55040 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 55040.
Risk Factor
Flood Factor - Moderate
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
55040 has a moderate risk of flooding. 537 properties in 55040 are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in 55040. Flood risk is increasing slower than the national average.
85% of properties are at risk of wildfire over the next 30 years
Fire Factor
55040 has a moderate risk of wildfire. There are 6,452 properties in 55040 that have some risk of being affected by wildfire over the next 30 years. This represents 85% of all properties in 55040.