The 56201 housing market is very competitive. The median sale price of a home in 56201 was $279K last month, up 7.3% since last year. The median sale price per square foot in 56201 is $138, down 2.1% since last year.
In May 2025, 56201 home prices were up 7.3% compared to last year, selling for a median price of $279K. On average, homes in 56201 sell after 21 days on the market compared to 24 days last year. There were 58 homes sold in May this year, up from 53 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$279,000
+7.3% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
56201, MN
$279,000
+7.3%
United States
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How hot is the 56201 housing market?
56201 is very competitive. Homes sell in 21 days.
0
100
71
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 21 days.
Hot homes
can sell for about 2% above list price and go pending in around 9 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 56201 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 56201.
Flood Factor - Minor
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
56201 has a minor risk of flooding. 680 properties in 56201 are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in 56201. Flood risk is increasing slower than the national average.
39% of properties are at risk of wildfire over the next 30 years
Fire Factor
56201 has a moderate risk of wildfire. There are 4,189 properties in 56201 that have some risk of being affected by wildfire over the next 30 years. This represents 39% of all properties in 56201.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
56201 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 56201 is most at risk from tornadoes. 10,580 properties in 56201 have some risk of being in a severe wind event within the next 30 years.