The 55420 housing market is very competitive. The median sale price of a home in 55420 was $340K last month, up 5.3% since last year. The median sale price per square foot in 55420 is $193, up 2.7% since last year.
In March 2024, 55420 home prices were up 5.3% compared to last year, selling for a median price of $340K. On average, homes in 55420 sell after 24 days on the market compared to 18 days last year. There were 33 homes sold in March this year, up from 26 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$340,000
+5.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
55420, MN
$340,000
+5.3%
United States
To compare other locations to the 55420 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Minnesota add value to a home.
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How hot is the 55420 housing market?
55420 is very competitive. Homes sell in 12 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 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 12 days.
Hot homes
can sell for about 7% above list price and go pending in around 6 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
4/10
Oak Grove Elementary School
Public • PreK-5
494
Students
5 reviews
2/10
Valley View Elementary School
Public • PreK-5
542
Students
2 reviews
2/10
Indian Mounds Elementary School
Public • PreK-5
356
Students
1 reviews
NR
Bloomington Extended School Year
Public • K-12
-
Students
N/A
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 55420 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 55420.
Risk Factor
Flood Factor - Major
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
55420 has a major risk of flooding. 346 properties in 55420 are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in 55420. Flood risk is increasing faster than the national average.
29% of properties are at risk of wildfire over the next 30 years
Fire Factor
55420 has a moderate risk of wildfire. There are 2,000 properties in 55420 that have some risk of being affected by wildfire over the next 30 years. This represents 29% of all properties in 55420.