Is West Saint Paul, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, West Saint Paul has remained a Seller's Market.
Housing Prices in West Saint Paul, MN
How much do homes in West Saint Paul, MN cost?
Median Sold Price
$307,050
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Saint Paul was $307,050 in May 2024, up 3.5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $170.2K | -2.7% |
2 Bedrooms | $213K | $225K | +5.6% |
3 Bedrooms | $302.1K | $324.2K | +7.3% |
4 Bedrooms | $375K | $375K | 0.0% |
5+ Bedrooms | $390K | $448K | +14.9% |
Summary: West Saint Paul housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
Inver Grove Heights | $333.9K | $362.4K | +8.5% |
West Saint Paul | $296.6K | $307K | +3.5% |
Saint Paul | $274.8K | $282.6K | +2.8% |
South Saint Paul | $281K | $285K | +1.4% |
Housing Supply in West Saint Paul, MN
How many homes are available in West Saint Paul, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 67 | +19.6% |
Summary: The West Saint Paul real estate market had 67 homes for sale in May 2024, a 19.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 15 | 20 | +33.3% |
3 Bedrooms | 27 | 33 | +22.2% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The West Saint Paul housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 19 | +46.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in West Saint Paul in May 2024, up by 46.2% month-over-month. Of the 19 sold homes, 26% were sold under asking, 26% were sold at asking, and 47% were sold over asking.
Days on Market for West Saint Paul, MN
How long does it take to sell a home in West Saint Paul, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 13 Days | +21.2% |
Summary: Homes in West Saint Paul had an average of 13 days on market in May 2024, up by 21.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in West Saint Paul; 95% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.