The 55616 housing market is very competitive. The median sale price of a home in 55616 was $300K over the last 3 months, down 9.08% since the same period last year. The median sale price per square foot in 55616 is $154, down 16.0% since last year.
Over the three months ending June 2026, 55616 home prices were down 9.08% compared to the same period last year, selling for a median price of $300K. On average, homes in 55616 sell after 12 days on the market compared to 45 days last year. There were 34 homes sold in June this year, down from 35 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$299,932
-9.08% YoY | Jun 2026
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2026
Growth
% YoY
55616, MN
$299,932
-9.08%
United States
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How hot is the 55616 housing market?
55616 is very competitive. Homes sell in 29 days.
0
100
77
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% below list price and go pending in around 29 days.
Hot homes
can sell for around list price and go pending in around 7 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 55616 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 55616.
Flood Factor - Minor
4% of properties are at risk of severe flooding over the next 30 years
Flood Factor
55616 has a minor risk of flooding. 310 properties in 55616 are likely to be
severely affected
by flooding over the next 30 years. This represents 4% of all properties in 55616. Flood risk is increasing slower than the national average.
45% of properties are at risk of wildfire over the next 30 years
Fire Factor
55616 has a moderate risk of wildfire. There are 5,600 properties in 55616 that have some risk of being affected by wildfire over the next 30 years. This represents 45% of all properties in 55616.