Is Saint Michael, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Saint Michael has remained a Seller's Market.
Housing Prices in Saint Michael, MN
How much do homes in Saint Michael, MN cost?
Median Sold Price
$447,447
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Saint Michael was $447,447 in April 2024, up 4.1% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $295K | $308.4K | +4.6% |
3 Bedrooms | $374K | $379.9K | +1.6% |
4 Bedrooms | $457.5K | $480.9K | +5.1% |
5+ Bedrooms | $484.9K | $522.4K | +7.7% |
Summary: Saint Michael housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
Saint Michael | $429.9K | $447.4K | +4.1% |
Otsego | $424.5K | $424.9K | 0.1% |
Albertville | $370K | $369K | -0.3% |
Hanover | $436.9K | $426.5K | -2.4% |
Hassan Township | $547.7K | $490.9K | -10.4% |
Housing Supply in Saint Michael, MN
How many homes are available in Saint Michael, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
135 | 173 | +28.1% |
Summary: The Saint Michael real estate market had 173 homes for sale in April 2024, a 28.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 52 | 68 | +30.8% |
4 Bedrooms | 45 | 58 | +28.9% |
5+ Bedrooms | 24 | 32 | +33.3% |
Summary: The Saint Michael housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 32 | +14.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Saint Michael in April 2024, up by 14.3% month-over-month. Of the 32 sold homes, 28% were sold under asking, 44% were sold at asking, and 28% were sold over asking.
Days on Market for Saint Michael, MN
How long does it take to sell a home in Saint Michael, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 22 Days | -53.6% |
Summary: Homes in Saint Michael had an average of 22 days on market in Apr 2024, down by 53.6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in Saint Michael; 72% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.