Is Saint Paul, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Saint Paul has remained a Seller's Market.
Key Takeaway
Saint Paul is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saint Paul, MN
How much do homes in Saint Paul, MN cost?
Median Sold Price
$280,187
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Saint Paul have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Saint Paul was $280,187 in March 2024, up 1.8% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $155.9K | -8.3% |
| 2 Bedrooms | $235K | $239.9K | +2.1% |
| 3 Bedrooms | $280.6K | $289.9K | +3.3% |
| 4 Bedrooms | $330K | $335.5K | +1.7% |
| 5+ Bedrooms | $445K | $439.5K | -1.2% |
Summary: Saint Paul housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Saint Paul | $275.2K | $280.1K | +1.8% |
| Mendota Heights | $494.9K | $500.5K | +1.1% |
| West Saint Paul | $305K | $300K | -1.6% |
Housing Supply in Saint Paul, MN
How many homes are available in Saint Paul, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 711 | 785 | +10.4% |
Summary: The Saint Paul real estate market had 785 homes for sale in March 2024, a 10.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 73 | 81 | +11.0% |
| 2 Bedrooms | 162 | 182 | +12.3% |
| 3 Bedrooms | 298 | 318 | +6.7% |
| 4 Bedrooms | 123 | 143 | +16.3% |
| 5+ Bedrooms | 55 | 61 | +10.9% |
Summary: The Saint Paul housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 10.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 155 | 223 | +43.9% |
Asking Price vs. Sold Price
83 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
95 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Paul, you could pay more than the asking price. 42.6% of homes here sold above asking price last month.
Summary: A total of 223 homes were sold or pending in Saint Paul in March 2024, up by 43.9% month-over-month. Of the 223 sold homes, 37% were sold under asking, 20% were sold at asking, and 43% were sold over asking.
Days on Market for Saint Paul, MN
How long does it take to sell a home in Saint Paul, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 39 Days | -6.8% |
Summary: Homes in Saint Paul had an average of 39 days on market in Mar 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
135 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Paul are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 223 homes were sold in Saint Paul; 61% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
