Is Saint Paul 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 Paul Park has remained a Seller's Market.
Key Takeaway
Saint Paul Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saint Paul Park, MN
How much do homes in Saint Paul Park, MN cost?
Median Sold Price
$318,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Saint Paul Park have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Saint Paul Park was $318,000 in April 2024, up 6.3% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $181K | $195K | +7.7% |
| 2 Bedrooms | $240.8K | $237K | -1.6% |
| 3 Bedrooms | $288.9K | $292K | +1.1% |
| 4 Bedrooms | $325K | $341K | +4.9% |
| 5+ Bedrooms | $363.7K | $677.5K | +86.3% |
Summary: Saint Paul Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 86.3%.
Median Sold Price Compared To Nearby Cities
| Inver Grove Heights | $330K | $371.4K | +12.6% |
| Saint Paul Park | $299.1K | $318K | +6.3% |
| Cottage Grove | $395.4K | $399.9K | +1.1% |
| Newport | $350K | $351.4K | 0.4% |
Housing Supply in Saint Paul Park, MN
How many homes are available in Saint Paul Park, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Summary: The Saint Paul Park real estate market had 21 homes for sale in April 2024, a 10.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Saint Paul Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Paul Park, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Saint Paul Park in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.
Days on Market for Saint Paul Park, MN
How long does it take to sell a home in Saint Paul Park, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 2 Days | 14 Days | +518.4% |
Summary: Homes in Saint Paul Park had an average of 14 days on market in Apr 2024, up by 518.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Paul Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Saint Paul Park; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
