Is Downtown Saint Paul, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Downtown Saint Paul was a Neutral Market.
Key Takeaway
Downtown Saint Paul is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Downtown Saint Paul, MN
How much do homes in Downtown Saint Paul, MN cost?
Median Sold Price
$208,500
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Downtown Saint Paul have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Downtown Saint Paul was $208,500 in April 2024, up 1.7% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $150K | -14.3% |
| 2 Bedrooms | $265K | $295K | +11.3% |
| 3 Bedrooms | $164K | $585K | +256.7% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Downtown Saint Paul housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 256.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Frogtown / Thomas-Dale | $223K | $237.5K | +6.5% |
| Dayton's Bluff | $235K | $250K | +6.4% |
| Downtown Saint Paul | $205K | $208.5K | +1.7% |
| Summit-University | $299.9K | $299K | -0.3% |
| West Side | $256.4K | $255K | -0.6% |
Housing Supply in Downtown Saint Paul, MN
How many homes are available in Downtown Saint Paul, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 73 | 81 | +11.0% |
Summary: The Downtown Saint Paul real estate market had 81 homes for sale in April 2024, a 11.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 44 | 50 | +13.6% |
| 2 Bedrooms | 27 | 28 | +3.7% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown Saint Paul housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Saint Paul, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Downtown Saint Paul in April 2024, down by 42.9% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Downtown Saint Paul, MN
How long does it take to sell a home in Downtown Saint Paul, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 78 Days | +55.5% |
Summary: Homes in Downtown Saint Paul had an average of 78 days on market in Apr 2024, up by 55.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Downtown Saint Paul has remained consistent over time.
Summary: During April 2024, 8 homes were sold in Downtown Saint Paul; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
