The 56071 housing market is very competitive. The median sale price of a home in 56071 was $383K last month, up 27.3% since last year. The median sale price per square foot in 56071 is $188, up 6.2% since last year.
In March 2024, 56071 home prices were up 27.3% compared to last year, selling for a median price of $383K. On average, homes in 56071 sell after 58 days on the market compared to 43 days last year. There were 22 homes sold in March this year, up from 14 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$382,500
+27.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
56071, MN
$382,500
+27.3%
United States
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How hot is the 56071 housing market?
56071 is very competitive. Homes sell in 24.5 days.
0
100
70
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 1% 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 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 56071 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 56071.
Risk Factor
Flood Factor - Minor
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
56071 has a minor risk of flooding. 493 properties in 56071 are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in 56071. Flood risk is increasing faster than the national average.
13% of properties are at risk of wildfire over the next 30 years
Fire Factor
56071 has a moderate risk of wildfire. There are 842 properties in 56071 that have some risk of being affected by wildfire over the next 30 years. This represents 13% of all properties in 56071.