Is West Side, 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, West Side has remained a Seller's Market.
Key Takeaway
West Side is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Side, MN
How much do homes in West Side, MN cost?
Median Sold Price
$255,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Side have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in West Side was $255,000 in April 2024, down 0.6% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161.5K | $142.9K | -11.5% |
| 2 Bedrooms | $195K | $215K | +10.3% |
| 3 Bedrooms | $260K | $255.9K | -1.6% |
| 4 Bedrooms | $285K | $300K | +5.3% |
| 5+ Bedrooms | $280K | $280K | 0.0% |
Summary: West Side housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.5%, 2 bedroom homes increased by 10.3%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Dayton's Bluff | $235K | $250K | +6.4% |
| West Seventh | $280K | $286.4K | +2.3% |
| Sunray-Battle Creek-Highwood | $280K | $285K | +1.8% |
| Downtown Saint Paul | $205K | $208.5K | +1.7% |
| West Side | $256.4K | $255K | -0.6% |
Housing Supply in West Side, MN
How many homes are available in West Side, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 31 | +24.0% |
Summary: The West Side real estate market had 31 homes for sale in April 2024, a 24.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The West Side 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 33.3%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Side, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in West Side in April 2024, up by 33.3% month-over-month. Of the 12 sold homes, 8% were sold under asking, 25% were sold at asking, and 67% were sold over asking.
Days on Market for West Side, MN
How long does it take to sell a home in West Side, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 17 Days | -51.4% |
Summary: Homes in West Side had an average of 17 days on market in Apr 2024, down by 51.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Side are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in West Side; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
