Is Saint Francis, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Saint Francis was a Seller's Market.
Key Takeaway
Saint Francis is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Saint Francis, MN
How much do homes in Saint Francis, MN cost?
Median Sold Price
$338,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Saint Francis have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Saint Francis was $338,000 in March 2024, up 0.9% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $349.9K | N/A |
| 2 Bedrooms | $260K | $285K | +9.6% |
| 3 Bedrooms | $331K | $335K | +1.2% |
| 4 Bedrooms | $350K | $360K | +2.9% |
| 5+ Bedrooms | $421.6K | $527.5K | +25.1% |
Summary: Saint Francis housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 25.1%.
Median Sold Price Compared To Nearby Cities
| Bethel | $385K | $405K | +5.2% |
| Saint Francis | $335K | $338K | +0.9% |
| Oak Grove | $479.5K | $456.7K | -4.7% |
Housing Supply in Saint Francis, MN
How many homes are available in Saint Francis, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Summary: The Saint Francis real estate market had 31 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Saint Francis housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Francis, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Saint Francis in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Saint Francis, MN
How long does it take to sell a home in Saint Francis, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 23 Days | -41.3% |
Summary: Homes in Saint Francis had an average of 23 days on market in Mar 2024, down by 41.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Francis are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Saint Francis; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
