The 55331 housing market is very competitive. The median sale price of a home in 55331 was $610K last month, down 6.6% since last year. The median sale price per square foot in 55331 is $251, up 17.8% since last year.
In March 2024, 55331 home prices were down 6.6% compared to last year, selling for a median price of $610K. On average, homes in 55331 sell after 45 days on the market compared to 70 days last year. There were 65 homes sold in March this year, up from 42 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$610,000
-6.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
55331, MN
$610,000
-6.6%
United States
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How hot is the 55331 housing market?
55331 is very competitive. Homes sell in 26 days.
0
100
71
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 about 2% below list price and go pending in around 26 days.
Hot homes
can sell for about 1% above list price and go pending in around 2 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
Excelsior Elementary School
Public • K-5
801
Students
19 reviews
9/10
Deephaven Elementary School
Public • K-5
661
Students
3 reviews
9/10
Grandview Middle School
Public • 5-7
581
Students
1 reviews
8/10
Minnewashta Elementary School
Public • K-5
929
Students
11 reviews
7/10
Shirley Hills Primary School
Public • K-4
412
Students
3 reviews
Only showing 5 of
6 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 55331 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 55331.
Risk Factor
Flood Factor - Minor
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
55331 has a minor risk of flooding. 451 properties in 55331 are likely to be
severely affected
by flooding over the next 30 years. This represents 8% of all properties in 55331. Flood risk is increasing faster than the national average.
23% of properties are at risk of wildfire over the next 30 years
Fire Factor
55331 has a moderate risk of wildfire. There are 2,109 properties in 55331 that have some risk of being affected by wildfire over the next 30 years. This represents 23% of all properties in 55331.