The 56031 housing market is somewhat competitive. The median sale price of a home in 56031 was $207K last month, up 27.9% since last year. The median sale price per square foot in 56031 is $103, up 15.7% since last year.
In December 2024, 56031 home prices were up 27.9% compared to last year, selling for a median price of $207K. On average, homes in 56031 sell after 29 days on the market compared to 26 days last year. There were 36 homes sold in December this year, down from 40 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$207,250
+27.9% YoY | Dec 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Dec 2024
Growth
% YoY
56031, MN
$207,250
+27.9%
United States
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How hot is the 56031 housing market?
56031 is somewhat competitive. Homes sell in 24.5 days.
0
100
63
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 4% below list price and go pending in around 25 days.
Hot homes
can sell for about 2% above list price and go pending in around 9 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
98.3%
+1.1 pt YoY | Dec 2024
Based on Redfin calculations of home data from MLS and/or public records.
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 56031 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 56031.
Flood Factor - Minor
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
56031 has a minor risk of flooding. 438 properties in 56031 are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in 56031. Flood risk is increasing slower than the national average.
7% of properties are at risk of wildfire over the next 30 years
Fire Factor
56031 has a moderate risk of wildfire. There are 542 properties in 56031 that have some risk of being affected by wildfire over the next 30 years. This represents 7% of all properties in 56031.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
56031 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 56031 is most at risk from tornadoes. 6,790 properties in 56031 have some risk of being in a severe wind event within the next 30 years.