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 April 2023
Since last year, Saint Louis Park has remained a Seller's Market.
Housing Prices in Saint Louis Park, MN
How much do homes in Saint Louis Park, MN cost?
Median Sold Price
$375,800
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Saint Louis Park was $375,800 in April 2024, up 3% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $165K | -5.7% |
2 Bedrooms | $275K | $275K | 0.0% |
3 Bedrooms | $378K | $388.9K | +2.9% |
4 Bedrooms | $457.5K | $473.7K | +3.6% |
5+ Bedrooms | $742K | $620K | -16.4% |
Summary: Saint Louis Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 16.4%.
Median Sold Price Compared To Nearby Cities
Minnetonka | $440K | $468.7K | +6.5% |
Hopkins | $347.3K | $360.8K | +3.9% |
Saint Louis Park | $365K | $375.8K | +3.0% |
Golden Valley | $425K | $432.5K | +1.8% |
Edina | $583.1K | $580K | -0.5% |
Housing Supply in Saint Louis Park, MN
How many homes are available in Saint Louis Park, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
163 | 190 | +16.6% |
Summary: The Saint Louis Park real estate market had 190 homes for sale in April 2024, a 16.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 20 | +17.6% |
2 Bedrooms | 55 | 67 | +21.8% |
3 Bedrooms | 50 | 57 | +14.0% |
4 Bedrooms | 33 | 35 | +6.1% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Saint Louis Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 52 | -7.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Saint Louis Park in April 2024, down by 7.1% month-over-month. Of the 52 sold homes, 33% were sold under asking, 13% were sold at asking, and 54% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 28 Days | -13.8% |
Summary: Homes in Saint Louis Park had an average of 28 days on market in Apr 2024, down by 13.8% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 52 homes were sold in Saint Louis Park; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.