The 56431 housing market is somewhat competitive. The median sale price of a home in 56431 was $330K over the last 3 months, down 5.8% since the same period last year. The median sale price per square foot in 56431 is $306, up 32.4% since last year.
Over the three months ending August 2026, 56431 home prices were down 5.8% compared to the same period last year, selling for a median price of $330K. On average, homes in 56431 sell after 30 days on the market compared to 39 days last year. There were 59 homes sold in August this year, down from 61 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$329,857
-5.8% YoY | Aug 2026
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2026
Growth
% YoY
56431, MN
$329,857
-5.8%
United States
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How hot is the 56431 housing market?
56431 is somewhat competitive. Homes sell in 48 days.
0
100
62
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 2% below list price and go pending in around 48 days.
Hot homes
can sell for around list price and go pending in around 15 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 56431 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 56431.
Flood Factor - Moderate
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
56431 has a moderate risk of flooding. 1,571 properties in 56431 are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in 56431. Flood risk is increasing slower than the national average.
65% of properties are at risk of wildfire over the next 30 years
Fire Factor
56431 has a moderate risk of wildfire. There are 11,101 properties in 56431 that have some risk of being affected by wildfire over the next 30 years. This represents 65% of all properties in 56431.
100% of properties are at minimal
risk of a severe wind event over the next 30 years
Wind Factor
56431 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 56431 is most at risk from severe storms. 16,965 properties in 56431 have some risk of being in a severe wind event within the next 30 years.