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.
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
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
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
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.