$4,571 Closing Credit*
$384,900
1,400 SqFt
3 Beds
•2 Full Baths
Listing Office: eXp Realty
Is Saint Louis Park, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Saint Louis Park has remained a Seller's Market.
Key Takeaway
Saint Louis Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saint Louis Park, MN
How much do homes in Saint Louis Park, MN cost?
Median Sold Price
$374,625
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5(0.0%)
Key Takeaway
The sold price of homes in Saint Louis Park has remained the same since last year.
Summary: The median home sold price in Saint Louis Park was $374,625 in October 2024, the same as last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $174.5K | $165K | -5.4% |
| 2 Bedrooms | $270K | $277K | +2.6% |
| 3 Bedrooms | $388.1K | $392.5K | +1.1% |
| 4 Bedrooms | $474.3K | $470K | -0.9% |
| 5+ Bedrooms | $592.5K | $775K | +30.8% |
Summary: Saint Louis Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 30.8%.
Median Sold Price Compared To Nearby Cities
| Minnetonka | $455.3K | $496.7K | +9.1% |
| Hopkins | $355.4K | $386K | +8.6% |
| Edina | $580.6K | $612.1K | +5.4% |
| Saint Louis Park | $374.6K | $374.6K | 0.0% |
| Golden Valley | $425K | $420.8K | -1.0% |
Housing Supply in Saint Louis Park, MN
How many homes are available in Saint Louis Park, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 207 | 228 | +10.1% |
Summary: The Saint Louis Park real estate market had 228 homes for sale in October 2024, a 10.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 32 | 38 | +18.8% |
| 2 Bedrooms | 54 | 57 | +5.6% |
| 3 Bedrooms | 68 | 80 | +17.6% |
| 4 Bedrooms | 46 | 44 | -4.3% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Saint Louis Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 41 | -30.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Louis Park, you could pay more than the asking price. 39% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in Saint Louis Park in October 2024, down by 30.5% month-over-month. Of the 41 sold homes, 37% were sold under asking, 24% were sold at asking, and 39% were sold over asking.
Days on Market for Saint Louis Park, MN
How long does it take to sell a home in Saint Louis Park, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 32 Days | +50.1% |
Summary: Homes in Saint Louis Park had an average of 32 days on market in Oct 2024, up by 50.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Louis Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 41 homes were sold in Saint Louis Park; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
