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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Francis is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Saint Francis, MN

How much do homes in Saint Francis, MN cost?

Median Sold Price

$359,750

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,750(+6.1%)

Key Takeaway

Homes in Saint Francis have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Saint Francis was $359,750 in October 2024, up 6.1% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$289.9K
N/A
2 $285K$290K
+1.8%
3 $335K$352.5K
+5.2%
4 $349.9K$367K
+4.9%
5+ $418.3K$458.5K
+9.6%

Summary: Saint Francis housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 9.6%.

Median Sold Price Compared To Nearby Cities

Oak Grove
+6.7%
Saint Francis
+6.1%
Bethel
+5.6%

Housing Supply in Saint Francis, MN

How many homes are available in Saint Francis, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3641+13.9%

Summary: The Saint Francis real estate market had 41 homes for sale in October 2024, a 13.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 1222
+83.3%
4 1211
-8.3%
5+ 64
-33.3%

Summary: The Saint Francis housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 83.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
107-30.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Francis, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Saint Francis in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.

Days on Market for Saint Francis, MN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days49 Days+166.3%

Summary: Homes in Saint Francis had an average of 49 days on market in Oct 2024, up by 166.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Saint Francis; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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

Newest Listings in Saint Francis, MN

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