Is Frogtown / Thomas-Dale, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Frogtown / Thomas-Dale is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Frogtown / Thomas-Dale was a Seller's Market.

Key Takeaway

Frogtown / Thomas-Dale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Frogtown / Thomas-Dale, MN

How much do homes in Frogtown / Thomas-Dale, MN cost?

Median Sold Price

$240,300

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,800(+1.6%)

Key Takeaway

Homes in Frogtown / Thomas-Dale have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Frogtown / Thomas-Dale was $240,300 in October 2024, up 1.6% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $147.5K$90.5K
-38.6%
2 $200K$197.4K
-1.3%
3 $238.2K$245K
+2.8%
4 $247.4K$285K
+15.2%
5+ $265K$278K
+4.9%

Summary: Frogtown / Thomas-Dale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.6%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 4.9%.

Median Sold Price Compared To Nearby Neighborhoods

North End
+10.3%
Payne-Phalen
+3.1%
Downtown Saint Paul
+2.6%
Frogtown / Thomas-Dale
+1.6%

Housing Supply in Frogtown / Thomas-Dale, MN

How many homes are available in Frogtown / Thomas-Dale, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3130-3.2%

Summary: The Frogtown / Thomas-Dale real estate market had 30 homes for sale in October 2024, a 3.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 99
0.0%
3 1413
-7.1%
4 56
+20.0%
5+ 22
0.0%

Summary: The Frogtown / Thomas-Dale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
112-81.8%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Frogtown / Thomas-Dale, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Frogtown / Thomas-Dale in October 2024, down by 81.8% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Frogtown / Thomas-Dale, MN

How long does it take to sell a home in Frogtown / Thomas-Dale, MN?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days8 Days-57.2%

Summary: Homes in Frogtown / Thomas-Dale had an average of 8 days on market in Oct 2024, down by 57.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Frogtown / Thomas-Dale are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Frogtown / Thomas-Dale; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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