Is Saint Cloud, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Cloud is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Saint Cloud has remained a Seller's Market.

Key Takeaway

Saint Cloud is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Saint Cloud, MN

How much do homes in Saint Cloud, MN cost?

Median Sold Price

$239,700

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,700(+1.6%)

Key Takeaway

Homes in Saint Cloud have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Saint Cloud was $239,700 in October 2024, up 1.6% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $128K$102.5K
-19.9%
2 $187.2K$193.5K
+3.3%
3 $229.9K$221.5K
-3.7%
4 $261K$275K
+5.4%
5+ $298.2K$334.5K
+12.2%

Summary: Saint Cloud housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.9%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 12.2%.

Median Sold Price Compared To Nearby Cities

Haven Township
+7.2%
Sauk Rapids
+1.8%
Sauk Rapids Township
+1.8%
Saint Cloud
+1.6%
Waite Park
+1.1%

Housing Supply in Saint Cloud, MN

How many homes are available in Saint Cloud, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
261288+10.3%

Summary: The Saint Cloud real estate market had 288 homes for sale in October 2024, a 10.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 45
+25.0%
2 3940
+2.6%
3 94102
+8.5%
4 8192
+13.6%
5+ 4349
+14.0%

Summary: The Saint Cloud housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 14%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5663+12.5%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Cloud, you could pay more than the asking price. 38.1% of homes here sold above asking price last month.

Summary: A total of 63 homes were sold or pending in Saint Cloud in October 2024, up by 12.5% month-over-month. Of the 63 sold homes, 35% were sold under asking, 27% were sold at asking, and 38% were sold over asking.

Days on Market for Saint Cloud, MN

How long does it take to sell a home in Saint Cloud, MN?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days37 Days+39.4%

Summary: Homes in Saint Cloud had an average of 37 days on market in Oct 2024, up by 39.4% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saint Cloud are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 63 homes were sold in Saint Cloud; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% 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 20 Days Ago

Newest Listings in Saint Cloud, MN

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