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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Louis Park is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

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

Median Sold Price

$359,900

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$19,718(+5.8%)

Key Takeaway

Homes in Saint Louis Park have sold for 5.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $154.5K$161K
+4.2%
2 $270K$280K
+3.7%
3 $355K$375K
+5.6%
4 $420.5K$445K
+5.8%
5+ $666.5K$742.5K
+11.4%

Median Sold Price Compared To Nearby Cities

Golden Valley
+11.4%
Hopkins
+10.5%
Minnetonka
+9.5%
Saint Louis Park
+5.8%
Edina
0.1%

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

Number of Homes For Sale

Oct 2022Nov 2022%
185164-11.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 2724
-11.1%
2 3732
-13.5%
3 7064
-8.6%
4 3933
-15.4%
5+ 1211
-8.3%

Number of Homes Sold

Oct 2022Nov 2022%
5937-37.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Louis Park, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
30 Days36 Days+20.0%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Saint Louis Park, MN

There are 164 homes are for sale in Saint Louis Park, MN real estate market. The number of listings in Saint Louis Park, MN decreased by 11.4% between October 2022 and November 2022. Listings spent 36 days on the market in November 2022, and had a median list price of $359,900 during the same period. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties prices increased by 4.2%, prices of 2 bedrooms properties increased by 3.7%, prices of 3 bedrooms properties increased by 5.6%, prices of 4 bedrooms properties went up by 5.8%, 5 bedrooms properties became 11.4% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes decreased by 11.1%, volume of 2 bedrooms homes went down by 13.5%, number of 3 bedrooms homes decreased by 8.6%, the quantity of 4 bedrooms homes went down by 15.4%, 5 bedrooms homes inventory decreased by 8.3%. In November 2022, from all listings sold in Saint Louis Park, MN there were more than 12 sold above asking price, over 18 sold below and more than 7 were sold right at the asked price.

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