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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Michael is a seller's market

Buyer's
Market

Difference Since January 2022

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

Key Takeaway

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

How much do homes in Saint Michael, MN cost?

Median Sold Price

$430,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$20,100(+4.9%)

Key Takeaway

Homes in Saint Michael have sold for 4.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $314K-
N/A
2 $297K$304.2K
+2.4%
3 $349.4K$386.2K
+10.5%
4 $427.7K$462.4K
+8.1%
5+ $470K$475K
+1.1%

Median Sold Price Compared To Nearby Cities

Albertville
+19.5%
Otsego
+10.4%
Hassan Township
+10.3%
Hanover
+6.2%
Saint Michael
+4.9%

How many homes are available in Saint Michael, MN?

Number of Homes For Sale

Dec 2022Jan 2023%
112127+13.4%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 1015
+50.0%
3 4446
+4.5%
4 3435
+2.9%
5+ 2431
+29.2%

Number of Homes Sold

Dec 2022Jan 2023%
3122-29.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Michael, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
22 Days46 Days+104.0%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Saint Michael has remained consistent over time.

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

About Saint Michael, MN

Number of homes for sale in Saint Michael, MN real estate market have reached 127. The inventory of homes for sale in Saint Michael, MN between December 2022 and January 2023 increased by 13.4%. Listings spent 46 days on the market in January 2023, and had a median list price of $430,000 during the same period. Listing prices have changed in this real estate market between December 2022 and January 2023: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 2.4%, prices of 3 bedrooms properties went up by 10.5%, 4 bedrooms properties prices increased by 8.1%, prices of 5 bedrooms properties went up by 1.1%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes increased by 50%, 3 bedrooms homes inventory increased by 4.5%, volume of 4 bedrooms homes went up by 2.9%, 5 bedrooms homes became 29.2% more available. In January 2023 more than 7 listings in Saint Michael, MN were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 11 were sold below.

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