$3,561 Closing Credit*
$299,900
1,296 SqFt
2 Beds
•1 Full Bath
Listing Office: Boardwalk Realty
Is Saint Louis Park, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
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.
Housing Prices in Saint Louis Park, MN
How much do homes in Saint Louis Park, MN cost?
Median Sold Price
$376,208
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$7,008(+1.9%)
Key Takeaway
Homes in Saint Louis Park have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Saint Louis Park was $376,208 in August 2024, up 1.9% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $163K | -6.9% |
| 2 Bedrooms | $270K | $277K | +2.6% |
| 3 Bedrooms | $375.9K | $395K | +5.1% |
| 4 Bedrooms | $466.9K | $477K | +2.2% |
| 5+ Bedrooms | $609.5K | $691K | +13.4% |
Summary: Saint Louis Park housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Cities
| Minnetonka | $451.1K | $485K | +7.5% |
| Edina | $579.6K | $613.3K | +5.8% |
| Hopkins | $354.9K | $373.5K | +5.2% |
| Saint Louis Park | $369.2K | $376.2K | +1.9% |
| Golden Valley | $430K | $418.9K | -2.6% |
Housing Supply in Saint Louis Park, MN
How many homes are available in Saint Louis Park, MN?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 244 | 236 | -3.3% |
Summary: The Saint Louis Park real estate market had 236 homes for sale in August 2024, a 3.3% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 35 | +6.1% |
| 2 Bedrooms | 62 | 62 | 0.0% |
| 3 Bedrooms | 85 | 76 | -10.6% |
| 4 Bedrooms | 53 | 52 | -1.9% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Saint Louis Park housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.1%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 75 | 64 | -14.7% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Louis Park, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in Saint Louis Park in August 2024, down by 14.7% month-over-month. Of the 64 sold homes, 47% were sold under asking, 13% were sold at asking, and 41% were sold over asking.
Days on Market for Saint Louis Park, MN
How long does it take to sell a home in Saint Louis Park, MN?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 18 Days | 19 Days | +7.8% |
Summary: Homes in Saint Louis Park had an average of 19 days on market in Aug 2024, up by 7.8% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Saint Louis Park are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 64 homes were sold in Saint Louis Park; 78% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
