Is Saint Paul, 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 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
$281,204
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Saint Paul have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Saint Paul was $281,204 in April 2024, up 2.3% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168.5K | $160K | -5.0% |
| 2 Bedrooms | $232.9K | $240K | +3.0% |
| 3 Bedrooms | $280K | $290K | +3.5% |
| 4 Bedrooms | $329.7K | $332.7K | +0.9% |
| 5+ Bedrooms | $439.9K | $417.3K | -5.1% |
Summary: Saint Paul housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Mendota Heights | $500K | $523.5K | +4.7% |
| Saint Paul | $275K | $281.2K | +2.3% |
| Falcon Heights | $394.5K | $400K | +1.4% |
| West Saint Paul | $301K | $300K | -0.3% |
| Lilydale | $480K | $390K | -18.8% |
Housing Supply in Saint Paul, MN
How many homes are available in Saint Paul, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 751 | 848 | +12.9% |
Summary: The Saint Paul real estate market had 848 homes for sale in April 2024, a 12.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 81 | 91 | +12.3% |
| 2 Bedrooms | 173 | 202 | +16.8% |
| 3 Bedrooms | 302 | 331 | +9.6% |
| 4 Bedrooms | 139 | 162 | +16.5% |
| 5+ Bedrooms | 56 | 62 | +10.7% |
Summary: The Saint Paul housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 10.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 235 | 228 | -3.0% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
121 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Paul, you could pay more than the asking price. 53.1% of homes here sold above asking price last month.
Summary: A total of 228 homes were sold or pending in Saint Paul in April 2024, down by 3.0% month-over-month. Of the 228 sold homes, 28% were sold under asking, 19% were sold at asking, and 53% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 29 Days | +4.3% |
Summary: Homes in Saint Paul had an average of 29 days on market in Apr 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
151 Homes Were Sold
Under 30 Days
58 Homes Were Sold
In 30 - 90 Days
16 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 April 2024, 228 homes were sold in Saint Paul; 66% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
