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 seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Frogtown / Thomas-Dale has remained a Seller's Market.

Key Takeaway

Frogtown / Thomas-Dale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Frogtown / Thomas-Dale, MN

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

Median Sold Price

$235,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$2,000(-0.8%)

Key Takeaway

Homes in Frogtown / Thomas-Dale have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in Frogtown / Thomas-Dale was $235,000 in November 2024, down 0.8% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $147.5K$90.5K
-38.6%
2 $200K$197.4K
-1.3%
3 $241K$237.5K
-1.4%
4 $245K$285K
+16.3%
5+ $265K$274K
+3.4%

Summary: Frogtown / Thomas-Dale housing prices by bedroom type for November 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 decreased by 1.4%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 3.4%.

Median Sold Price Compared To Nearby Neighborhoods

North End
+10.2%
Payne-Phalen
+3.0%
Frogtown / Thomas-Dale
-0.8%
Downtown Saint Paul
-8.0%

Housing Supply in Frogtown / Thomas-Dale, MN

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2632+23.1%

Summary: The Frogtown / Thomas-Dale real estate market had 32 homes for sale in November 2024, a 23.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 59
+80.0%
3 1315
+15.4%
4 66
0.0%
5+ 22
0.0%

Summary: The Frogtown / Thomas-Dale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
29+350.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Frogtown / Thomas-Dale, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Frogtown / Thomas-Dale in November 2024, up by 350.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% 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

Nov 2023Nov 2024CHANGE
20 Days42 Days+113.9%

Summary: Homes in Frogtown / Thomas-Dale had an average of 42 days on market in Nov 2024, up by 113.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 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 November 2024, 9 homes were sold in Frogtown / Thomas-Dale; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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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