Is Saint Joseph, 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 Joseph has remained a Seller's Market.
Key Takeaway
Saint Joseph is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saint Joseph, MN
How much do homes in Saint Joseph, MN cost?
Median Sold Price
$274,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Saint Joseph has remained the same since last year.
Summary: The median home sold price in Saint Joseph was $274,000 in April 2024, down 0.4% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $205K | -24.1% |
| 3 Bedrooms | $240.5K | $250K | +4.0% |
| 4 Bedrooms | $285K | $288.8K | +1.4% |
| 5+ Bedrooms | $343.7K | $332.5K | -3.3% |
Summary: Saint Joseph 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 decreased by 24.1%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 3.3%.
Housing Supply in Saint Joseph, MN
How many homes are available in Saint Joseph, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The Saint Joseph real estate market had 15 homes for sale in April 2024, a 6.3% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Saint Joseph 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Joseph, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Saint Joseph in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Saint Joseph, MN
How long does it take to sell a home in Saint Joseph, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 20 Days | +18.5% |
Summary: Homes in Saint Joseph had an average of 20 days on market in Apr 2024, up by 18.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Joseph are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Saint Joseph; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
