The 56514 housing market is somewhat competitive. The median sale price of a home in 56514 was $220K over the last 3 months, down 14.7% since the same period last year. The median sale price per square foot in 56514 is $143, up 17.2% since last year.
Over the three months ending August 2026, 56514 home prices were down 14.7% compared to the same period last year, selling for a median price of $220K. On average, homes in 56514 sell after 22 days on the market compared to 32 days last year. There were 17 homes sold in August this year, up from 16 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$219,905
-14.7% YoY | Aug 2026
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2026
Growth
% YoY
56514, MN
$219,905
-14.7%
United States
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How hot is the 56514 housing market?
56514 is somewhat competitive. Homes sell in 26 days.
0
100
63
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 9 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 26 days.
Hot homes
can sell for about 2% above list price and go pending in around 14 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 56514 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 56514.
Flood Factor - Minor
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
56514 has a minor risk of flooding. 169 properties in 56514 are likely to be
severely affected
by flooding over the next 30 years. This represents 8% of all properties in 56514. Flood risk is increasing slower than the national average.
82% of properties are at risk of wildfire over the next 30 years
Fire Factor
56514 has a moderate risk of wildfire. There are 2,587 properties in 56514 that have some risk of being affected by wildfire over the next 30 years. This represents 82% of all properties in 56514.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
56514 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 56514 is most at risk from tornadoes. 3,148 properties in 56514 have some risk of being in a severe wind event within the next 30 years.