Is Saint Peter, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Saint Peter was a Seller's Market.
Key Takeaway
Saint Peter is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Saint Peter, MN
How much do homes in Saint Peter, MN cost?
Median Sold Price
$220,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Saint Peter have sold for 7.9% less than they did a year ago.
Summary: The median home sold price in Saint Peter was $220,000 in April 2024, down 7.9% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $75K | N/A |
| 2 Bedrooms | $220K | $220K | 0.0% |
| 3 Bedrooms | $212.5K | $208.9K | -1.7% |
| 4 Bedrooms | $250K | $319.5K | +27.8% |
| 5+ Bedrooms | $287K | $267.5K | -6.8% |
Summary: Saint Peter housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Kasota Township | $285K | $405K | +42.1% |
| Saint Peter | $239K | $220K | -7.9% |
Housing Supply in Saint Peter, MN
How many homes are available in Saint Peter, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Summary: The Saint Peter real estate market had 9 homes for sale in April 2024, a 80.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 1 | 4 | +300.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Saint Peter housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 300%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Peter, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Saint Peter in April 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Saint Peter, MN
How long does it take to sell a home in Saint Peter, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 4 Days | 4 Days | 0.0% |
Summary: Homes in Saint Peter had an average of 4 days on market in Apr 2024, the same as last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Peter are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Saint Peter; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
