The 55041 housing market is somewhat competitive. The median sale price of a home in 55041 was $275K last month, up 4.3% since last year. The median sale price per square foot in 55041 is $149, up 22.1% since last year.
In March 2024, 55041 home prices were up 4.3% compared to last year, selling for a median price of $275K. On average, homes in 55041 sell after 25 days on the market compared to 28 days last year. There were 17 homes sold in March this year, up from 8 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$275,000
+4.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
55041, MN
$275,000
+4.3%
United States
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How hot is the 55041 housing market?
55041 is somewhat competitive. Homes sell in 20 days.
0
100
68
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 6 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 20 days.
Hot homes
can sell for about 2% above list price and go pending in around 11 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.
Risk Factor
Flood Factor - Moderate
16% of properties are at risk of severe flooding over the next 30 years
Flood Factor
55041 has a moderate risk of flooding. 625 properties in 55041 are likely to be
severely affected
by flooding over the next 30 years. This represents 16% of all properties in 55041. Flood risk is increasing slower than the national average.
57% of properties are at risk of wildfire over the next 30 years
Fire Factor
55041 has a moderate risk of wildfire. There are 3,333 properties in 55041 that have some risk of being affected by wildfire over the next 30 years. This represents 57% of all properties in 55041.