The 55406 housing market is very competitive. The median sale price of a home in 55406 was $317K last month, down 9.23% since last year. The median sale price per square foot in 55406 is $242, down 0.21% since last year.
In March 2024, 55406 home prices were down 9.23% compared to last year, selling for a median price of $317K. On average, homes in 55406 sell after 33 days on the market compared to 42 days last year. There were 77 homes sold in March this year, down from 88 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$316,500
-9.23% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
55406, MN
$316,500
-9.23%
United States
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How hot is the 55406 housing market?
55406 is very competitive. Homes sell in 15.5 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 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 16 days.
Hot homes
can sell for about 6% above list price and go pending in around 7 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
6/10
Northrop Elementary School
Public • K-5
493
Students
7 reviews
5/10
Dowling Elementary School
Public • K-5
477
Students
4 reviews
4/10
Howe Elementary School
Public • 3-5
224
Students
1 reviews
2/10
Sullivan Elementary School
Public • PreK-8 • Choice school
587
Students
2 reviews
1/10
Anishinabe Academy
Public • PreK-5 • Choice school
255
Students
3 reviews
Only showing 5 of
9 elementary schools.
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 55406 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 55406.
Risk Factor
Flood Factor - Minor
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
55406 has a minor risk of flooding. 300 properties in 55406 are likely to be
severely affected
by flooding over the next 30 years. This represents 8% of all properties in 55406. Flood risk is increasing faster than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
55406 has a minor risk of wildfire. There are 17 properties in 55406 that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in 55406.