Is Saint Michael, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | $314K | - | N/A |
| 2 Bedrooms | $297K | $304.2K | +2.4% |
| 3 Bedrooms | $349.4K | $386.2K | +10.5% |
| 4 Bedrooms | $427.7K | $462.4K | +8.1% |
| 5+ Bedrooms | $470K | $475K | +1.1% |
Median Sold Price Compared To Nearby Cities
| Albertville | $320K | $382.5K | +19.5% |
| Otsego | $387.1K | $427.3K | +10.4% |
| Hassan Township | $516.8K | $570K | +10.3% |
| Hanover | $409.4K | $435K | +6.2% |
| Saint Michael | $409.9K | $430K | +4.9% |
How many homes are available in Saint Michael, MN?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 112 | 127 | +13.4% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 15 | +50.0% |
| 3 Bedrooms | 44 | 46 | +4.5% |
| 4 Bedrooms | 34 | 35 | +2.9% |
| 5+ Bedrooms | 24 | 31 | +29.2% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 31 | 22 | -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
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 2022 | Jan 2023 | % |
|---|---|---|
| 22 Days | 46 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
Key Takeaway
Avg time on Rocket Homes in Saint Michael has remained consistent over time.
