55370
$335,000median sale price
The 55370 zip code, located in Crosby, MN, is currently classified as a seller's market. The median sale price stands at $335,000, representing a +19.7% change year over year. Homes in this area spend an average of 11 days on the market before going under contract.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 55370 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
1
Last 12 weeks
Days on market
11
Fast-moving
Active listings
—
Sale-to-list
103.1%
Above asking
Market trends
Market analysis for 55370
The 55370 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a seller's market, homes are selling at approximately 103.1% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 55370 have increased +19.7% 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 55370 stands at $343,536, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
658
Median income
$96,250/yr
Median age
36.7 years
Owner-occupied
9480.0%
College grads
1370.0%
Avg commute
39.8 min
Living in 55370
Zip code 55370 is home to approximately 658 residents. The median household income is $96,250 per year, which shapes the types of homes and amenities available in the area. With a median age of 36.7 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 9480.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 1370.0% 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 39.8 minutes, which is above the national average and may reflect a suburban or exurban setting where residents trade commute time for more affordable housing or larger lots. 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 55370.
Frequently asked questions about 55370
What is the median home price in 55370?
The current median sale price in 55370 is $335,000, based on recent Redfin transaction data. Prices have changed +19.7% 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 55370 a buyer's or seller's market?
The 55370 zip code is currently classified as a seller's 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 and demographics of 55370?
Zip code 55370 has a population of approximately 658 residents. The median household income is $96,250 per year. About 9480.0% 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 55370?
Properties Incorporated provides comprehensive data for 55370 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 55370 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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