The 55116 housing market is somewhat competitive. The median sale price of a home in 55116 was $453K last month, up 0.6% since last year. The median sale price per square foot in 55116 is $229, down 8.4% since last year.
In March 2024, 55116 home prices were up 0.6% compared to last year, selling for a median price of $453K. On average, homes in 55116 sell after 44 days on the market compared to 23 days last year. There were 64 homes sold in March this year, up from 55 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$452,750
+0.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
55116, MN
$452,750
+0.6%
United States
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How hot is the 55116 housing market?
55116 is somewhat competitive. Homes sell in 39 days.
0
100
67
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 39 days.
Hot homes
can sell for about 2% above list price and go pending in around 12 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
Jie Ming Mandarin Immersion Academy
Public • K-5 • Choice school
293
Students
16 reviews
8/10
Horace Mann School
Public • K-5
432
Students
7 reviews
7/10
Randolph Heights Elementary School
Public • PreK-6
447
Students
8 reviews
5/10
Expo For Excellence Elementary School
Public • PreK-5
663
Students
20 reviews
3/10
Adams Magnet Elementary School
Public • K-5 • Choice school
616
Students
6 reviews
Only showing 5 of
7 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 55116 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 55116.
Risk Factor
Flood Factor - Moderate
6% of properties are at risk of severe flooding over the next 30 years
Flood Factor
55116 has a moderate risk of flooding. 197 properties in 55116 are likely to be
severely affected
by flooding over the next 30 years. This represents 6% of all properties in 55116. Flood risk is increasing faster than the national average.
4% of properties are at risk of wildfire over the next 30 years
Fire Factor
55116 has a minor risk of wildfire. There are 276 properties in 55116 that have some risk of being affected by wildfire over the next 30 years. This represents 4% of all properties in 55116.