The Prospect Park-East River Road housing market is somewhat competitive. The median sale price of a home in Prospect Park-East River Road was $350K last month, up 6.9% since last year. The median sale price per square foot in Prospect Park-East River Road is $242, down 3.2% since last year.
Prospect Park-East River Road Housing Market Trends
What is the housing market like in Prospect Park-East River Road today?
In March 2024, Prospect Park-East River Road home prices were up 6.9% compared to last year, selling for a median price of $350K. On average, homes in Prospect Park-East River Road sell after 61 days on the market compared to 65 days last year. There were 5 homes sold in March this year, down from 10 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$350,000
+6.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Prospect Park-East River Road, MN
$350,000
+6.9%
United States
To compare other locations to the Prospect Park-East River Road and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Minneapolis add value to a home.
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How hot is the Prospect Park-East River Road housing market?
Prospect Park-East River Road is somewhat competitive. Homes sell in 25 days.
0
100
61
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 25 days.
Hot homes
can sell for about 1% above list price and go pending in around 9 days.
Learn about schools in the Prospect Park-East River Road area
Elementary
Middle
High
GreatSchools Rating
4/10
Pratt Elementary School
Public • PreK-5
270
Students
15 reviews
NR
Ronald McDonald House
Public • K-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 Prospect Park-East River Road housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Prospect Park-East River Road.
Risk Factor
Flood Factor - Moderate
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Prospect Park-East River Road has a moderate risk of flooding. 38 properties in Prospect Park-East River Road are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Prospect Park-East River Road. Flood risk is increasing faster than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Prospect Park-East River Road has a minor risk of wildfire. There are 7 properties in Prospect Park-East River Road that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Prospect Park-East River Road.
Prospect Park-East River Road has minimal risk of severe winds over the next 30 years
Wind Factor
Prospect Park-East River Road has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
99% of properties are at minor
risk of heat over the next 30 years
Heat Factor
Prospect Park-East River Road has a minor risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Prospect Park-East River Road have a Minor Heat Factor®.
Prospect Park-East River Road is expected to see a 100% increase in the number of days over 99ºF over the next 30 years. Prospect Park-East River Road is expected to experience 7