$7,124 Closing Credit*
$599,875
2,641 SqFt
4 Beds
•1 Full Bath
Listing Office: eXp Realty
Is Saint Michael, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Saint Michael was a Seller's Market.
Key Takeaway
Saint Michael is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Saint Michael, MN
How much do homes in Saint Michael, MN cost?
Median Sold Price
$439,983
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,583(+2.0%)
Key Takeaway
Homes in Saint Michael have sold for 2% more than they did a year ago.
Summary: The median home sold price in Saint Michael was $439,983 in November 2024, up 2% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $303.4K | $309.9K | +2.1% |
| 3 Bedrooms | $385K | $367.4K | -4.6% |
| 4 Bedrooms | $466.4K | $485.4K | +4.1% |
| 5+ Bedrooms | $495K | $526.3K | +6.3% |
Summary: Saint Michael housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Hanover | $425K | $449.4K | +5.8% |
| Saint Michael | $431.4K | $439.9K | +2.0% |
| Albertville | $365K | $365.2K | 0.1% |
| Otsego | $424.9K | $408.2K | -3.9% |
| Hassan Township | $502.5K | $438.4K | -12.7% |
Housing Supply in Saint Michael, MN
How many homes are available in Saint Michael, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 178 | 190 | +6.7% |
Summary: The Saint Michael real estate market had 190 homes for sale in November 2024, a 6.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 51 | 59 | +15.7% |
| 4 Bedrooms | 67 | 64 | -4.5% |
| 5+ Bedrooms | 35 | 42 | +20.0% |
Summary: The Saint Michael 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 remained the same, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 23 | -32.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Michael, expect to pay close to the asking price. 43.5% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in Saint Michael in November 2024, down by 32.4% month-over-month. Of the 23 sold homes, 39% were sold under asking, 43% were sold at asking, and 17% were sold over asking.
Days on Market for Saint Michael, MN
How long does it take to sell a home in Saint Michael, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 48 Days | +21.8% |
Summary: Homes in Saint Michael had an average of 48 days on market in Nov 2024, up by 21.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Michael are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in Saint Michael; 52% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
