The 56388 housing market is somewhat competitive. The median sale price of a home in 56388 was $228K last month, down 3.0% since last year. The median sale price per square foot in 56388 is $162, down 0.92% since last year.
In March 2024, 56388 home prices were down 3.0% compared to last year, selling for a median price of $228K. On average, homes in 56388 sell after 96 days on the market compared to 26 days last year. There were 16 homes sold in March this year, down from 17 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$227,950
-3.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
56388, MN
$227,950
-3.0%
United States
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How hot is the 56388 housing market?
56388 is somewhat competitive. Homes sell in 59 days.
0
100
50
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 6 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 59 days.
Hot homes
can sell for around list price and go pending in around 21 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
5/10
Discovery Community Elementary School
Public • PreK-5
537
Students
N/A
NR
Central Minnesota Jt. Powers District
Public • 1-12
-
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 56388 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 56388.
Risk Factor
Flood Factor - Minor
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
56388 has a minor risk of flooding. 152 properties in 56388 are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in 56388. Flood risk is increasing faster than the national average.
42% of properties are at risk of wildfire over the next 30 years
Fire Factor
56388 has a moderate risk of wildfire. There are 991 properties in 56388 that have some risk of being affected by wildfire over the next 30 years. This represents 42% of all properties in 56388.