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Sarah Mitchell
Compass Real Estate · ZIP 55344
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55344 ZIP Code Housing Market
$312,500median sale price
What is the 55344 housing market like right now?
The median home sale price in ZIP code 55344 is $312,500, up 9.3% year-over-year. Homes sell in an average of 21 days with 20 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 55344 ZIP code a buyer's or seller's market?
ZIP code 55344 is currently a balanced market and homes selling in about 21 days. How we determine this →
What are the latest 55344 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $312,500 |
| Median list price | $325,000 |
| Year-over-year price change | +9.3% |
| Average days on market | 21 days |
| Active inventory | 20 listings |
| Sale-to-list price ratio | 99.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 55344 zip code, located in Eden Prairie, MN, is currently classified as a balanced market. The median sale price stands at $312,500, representing a +9.3% change year over year. Homes in this area spend an average of 21 days on the market before going under contract. There are currently 20 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 55344 sits in the Eden Prairie, MN area, roughly 1.7 miles from downtown Eden Prairie. Because home prices are set street by street, this ZIP can move differently from Eden Prairie's citywide averages. The figures below reflect 55344 specifically — drawn from Redfin transactions, U.S. Census data for its 14,034 residents, and Zillow value estimates.
Homes sold
33
Last 12 weeks
Days on market
21
Average pace
Active listings
20
Sale-to-list
99.1%
Below asking
What is driving the 55344 housing market?
The 55344 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 99.1% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 55344 have increased +9.3% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 55344 stands at $351,808, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,721 per month. This gives a price-to-rent ratio of approximately 17.0, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 55344?
Population
14,034
Median income
$89,565/yr
Median age
37.7 years
Owner-occupied
40.1%
College grads
59.4%
Avg commute
16.18 min
What is it like living in 55344?
Zip code 55344 is home to approximately 14,034 residents. The median household income is $89,565 per year, which shapes the types of homes and amenities available in the area. With a median age of 37.7 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 40.1% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 59.4% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 16.18 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 55344.
Which public schools serve ZIP 55344?
7 schools tracked · 3,528 students
The largest public schools serving ZIP code 55344 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
CENTRAL MIDDLE SCHOOL
Grades 6-8 · 1,891 students
EDEN LAKE ELEMENTARY
Grades PK-5 · 607 students
PIM Arts High School
Grades 9-12 · 378 students
Eden Prairie Online Secondary
Grades 6-12 · 269 students
Eden Prairie Online Elementary
Grades K-5 · 180 students
Early Childhood Special Ed.
Grades PK · 146 students
TASSEL TRANSITION
Grades 12 · 57 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 55344
What is the median home price in 55344?
The current median sale price in 55344 is $312,500, based on recent Redfin transaction data. Prices have changed +9.3% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 55344 a buyer's or seller's market?
The 55344 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 55344?
Zip code 55344 has a population of approximately 14,034 residents. The median household income is $89,565 per year. About 40.1% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 55344?
Properties Incorporated provides comprehensive data for 55344 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 55344 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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