Is Saint Louis County, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Louis County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Saint Louis County has remained a Seller's Market.

Key Takeaway

Saint Louis County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Saint Louis County, MN

How much do homes in Saint Louis County, MN cost?

Median Sold Price

$249,938

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$34,283(+15.9%)

Key Takeaway

Homes in Saint Louis County have sold for 15.9% more than they did a year ago.

Summary: The median home sold price in Saint Louis County was $249,938 in April 2024, up 15.9% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $105K$135K
+28.6%
2 $190K$203.6K
+7.2%
3 $214K$249.9K
+16.8%
4 $299K$360K
+20.4%
5+ $380K$390K
+2.6%

Summary: Saint Louis County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Counties

Saint Louis County
+15.9%
Itasca County
+3.6%

Housing Supply in Saint Louis County, MN

How many homes are available in Saint Louis County, MN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
539636+18.0%

Summary: The Saint Louis County real estate market had 636 homes for sale in April 2024, a 18.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 2528
+12.0%
2 144175
+21.5%
3 251266
+6.0%
4 94125
+33.0%
5+ 2542
+68.0%

Summary: The Saint Louis County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 33%, and 5+ bedroom homes increased by 68%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
111155+39.6%

Asking Price vs. Sold Price

57 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

67 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Louis County, you could pay more than the asking price. 45.6% of homes here sold above asking price last month.

Summary: A total of 155 homes were sold or pending in Saint Louis County in April 2024, up by 39.6% month-over-month. Of the 147 sold homes, 39% were sold under asking, 16% were sold at asking, and 46% were sold over asking.

Days on Market for Saint Louis County, MN

How long does it take to sell a home in Saint Louis County, MN?

Average Sale Time

Apr 2023Apr 2024CHANGE
65 Days37 Days-43.6%

Summary: Homes in Saint Louis County had an average of 37 days on market in Apr 2024, down by 43.6% compared to last year.

Breakdown of Home Sale Times

111 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

23 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saint Louis County are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 155 homes were sold in Saint Louis County; 72% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in Saint Louis County, MN

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