The 56401 housing market is very competitive. The median sale price of a home in 56401 was $292K last month, down 7.0% since last year. The median sale price per square foot in 56401 is $203, up 16.0% since last year.
In October 2024, 56401 home prices were down 7.0% compared to last year, selling for a median price of $292K. On average, homes in 56401 sell after 22 days on the market compared to 16 days last year. There were 125 homes sold in October this year, up from 124 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$292,000
-7.0% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
56401, MN
$292,000
-7.0%
United States
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How hot is the 56401 housing market?
56401 is very competitive. Homes sell in 21 days.
0
100
80
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 around list price and go pending in around 21 days.
Hot homes
can sell for about 1% 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 56401 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 56401.
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
56401 has a moderate risk of flooding. 1,947 properties in 56401 are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in 56401. Flood risk is increasing slower than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
56401 has a major risk of wildfire. There are 23,374 properties in 56401 that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in 56401.
100% of properties are at minimal
risk of a severe wind event over the next 30 years
Wind Factor
56401 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 56401 is most at risk from severe storms. 23,481 properties in 56401 have some risk of being in a severe wind event within the next 30 years.