The 55055 housing market is very competitive. The median sale price of a home in 55055 was $390K last month, up 10.3% since last year. The median sale price per square foot in 55055 is $167, down 3.5% since last year.
In October 2024, 55055 home prices were up 10.3% compared to last year, selling for a median price of $390K. On average, homes in 55055 sell after 30 days on the market compared to 15 days last year. There were 7 homes sold in October this year, down from 14 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$390,000
+10.3% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
55055, MN
$390,000
+10.3%
United States
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How hot is the 55055 housing market?
55055 is very competitive. Homes sell in 28 days.
0
100
83
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 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 28 days.
Hot homes
can sell for about 3% above list price and go pending in around 10 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 55055 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 55055.
Flood Factor - Moderate
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
55055 has a moderate risk of flooding. 222 properties in 55055 are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in 55055. Flood risk is increasing slower than the national average.
21% of properties are at risk of wildfire over the next 30 years
Fire Factor
55055 has a moderate risk of wildfire. There are 400 properties in 55055 that have some risk of being affected by wildfire over the next 30 years. This represents 21% of all properties in 55055.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
55055 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 55055 is most at risk from tornadoes. 1,831 properties in 55055 have some risk of being in a severe wind event within the next 30 years.