The 55397 housing market is very competitive. The median sale price of a home in 55397 was $281K last month, down 12.2% since last year. The median sale price per square foot in 55397 is $142, up 11.4% since last year.
In October 2024, 55397 home prices were down 12.2% compared to last year, selling for a median price of $281K. On average, homes in 55397 sell after 20 days on the market compared to 45 days last year. There were 11 homes sold in October this year, down from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$281,000
-12.2% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
55397, MN
$281,000
-12.2%
United States
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How hot is the 55397 housing market?
55397 is very competitive. Homes sell in 11.5 days.
0
100
87
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 9 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 12 days.
Hot homes
can sell for about 2% above list price and go pending in around 3 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 55397 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 55397.
Flood Factor - Minor
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
55397 has a minor risk of flooding. 62 properties in 55397 are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in 55397. Flood risk is increasing faster than the national average.
3% of properties are at risk of wildfire over the next 30 years
Fire Factor
55397 has a moderate risk of wildfire. There are 54 properties in 55397 that have some risk of being affected by wildfire over the next 30 years. This represents 3% of all properties in 55397.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
55397 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 55397 is most at risk from severe storms. 1,430 properties in 55397 have some risk of being in a severe wind event within the next 30 years.