Is Saint Louis County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Saint Louis County has remained a Seller's Market.
Housing Prices in Saint Louis County, MN
How much do homes in Saint Louis County, MN cost?
Median Sold Price
$250,333
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Saint Louis County was $250,333 in May 2024, up 14.1% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105K | $130K | +23.8% |
2 Bedrooms | $190K | $186.1K | -2.1% |
3 Bedrooms | $219.5K | $248.6K | +13.3% |
4 Bedrooms | $300K | $405.2K | +35.1% |
5+ Bedrooms | $349.4K | $332.5K | -4.9% |
Summary: Saint Louis County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.8%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 35.1%, and 5+ bedroom homes decreased by 4.9%.
Median Sold Price Compared To Nearby Counties
Carlton County | $242K | $283.5K | +17.1% |
Saint Louis County | $219.4K | $250.3K | +14.1% |
Itasca County | $235K | $250K | +6.4% |
Koochiching County | $148.5K | $156K | +5.1% |
Housing Supply in Saint Louis County, MN
How many homes are available in Saint Louis County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
277 | 402 | +45.1% |
Summary: The Saint Louis County real estate market had 402 homes for sale in May 2024, a 45.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 18 | +20.0% |
2 Bedrooms | 83 | 116 | +39.8% |
3 Bedrooms | 108 | 159 | +47.2% |
4 Bedrooms | 54 | 86 | +59.3% |
5+ Bedrooms | 17 | 23 | +35.3% |
Summary: The Saint Louis County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 39.8%, 3 bedroom homes increased by 47.2%, 4 bedroom homes increased by 59.3%, and 5+ bedroom homes increased by 35.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 85 | +102.4% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Saint Louis County in May 2024, up by 102.4% month-over-month. Of the 85 sold homes, 39% were sold under asking, 21% were sold at asking, and 40% were sold over asking.
Days on Market for Saint Louis County, MN
How long does it take to sell a home in Saint Louis County, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
69 Days | 43 Days | -37.5% |
Summary: Homes in Saint Louis County had an average of 43 days on market in May 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 85 homes were sold in Saint Louis County; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.