The 55041 housing market is very competitive. The median sale price of a home in 55041 was $295K last month, up 8.3% since last year. The median sale price per square foot in 55041 is $122, down 16.4% since last year.
In October 2024, 55041 home prices were up 8.3% compared to last year, selling for a median price of $295K. On average, homes in 55041 sell after 30 days on the market compared to 23 days last year. There were 33 homes sold in October this year, up from 18 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$295,000
+8.3% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
55041, MN
$295,000
+8.3%
United States
To compare other locations to the 55041 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.
How hot is the 55041 housing market?
55041 is very competitive. Homes sell in 23.5 days.
0
100
80
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 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 24 days.
Hot homes
can sell for about 1% 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 55041 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 55041.
Flood Factor - Minor
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
55041 has a minor risk of flooding. 620 properties in 55041 are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in 55041. Flood risk is increasing slower than the national average.
73% of properties are at risk of wildfire over the next 30 years
Fire Factor
55041 has a moderate risk of wildfire. There are 4,270 properties in 55041 that have some risk of being affected by wildfire over the next 30 years. This represents 73% of all properties in 55041.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
55041 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 55041 is most at risk from tornadoes. 5,799 properties in 55041 have some risk of being in a severe wind event within the next 30 years.