The 55340 housing market is somewhat competitive. The median sale price of a home in 55340 was $594K last month, down 3.9% since last year. The median sale price per square foot in 55340 is $230, up 0.9% since last year.
In March 2024, 55340 home prices were down 3.9% compared to last year, selling for a median price of $594K. On average, homes in 55340 sell after 61 days on the market compared to 28 days last year. There were 64 homes sold in March this year, up from 44 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$594,245
-3.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
55340, MN
$594,245
-3.9%
United States
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How hot is the 55340 housing market?
55340 is somewhat competitive. Homes sell in 34 days.
0
100
64
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 about 1% below list price and go pending in around 34 days.
Hot homes
can sell for around list price and go pending in around 21 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 55340 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 55340.
Risk Factor
Flood Factor - Moderate
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
55340 has a moderate risk of flooding. 224 properties in 55340 are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in 55340. Flood risk is increasing faster than the national average.
34% of properties are at risk of wildfire over the next 30 years
Fire Factor
55340 has a moderate risk of wildfire. There are 1,473 properties in 55340 that have some risk of being affected by wildfire over the next 30 years. This represents 34% of all properties in 55340.