$5,461 Closing Credit*
$459,900
2,668 SqFt
5 Beds
•2 Full Baths
Listing Office: Capstone Realty, LLC
Is Saint Michael, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Saint Michael was a Seller's Market.
Key Takeaway
Saint Michael is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Saint Michael, MN
How much do homes in Saint Michael, MN cost?
Median Sold Price
$430,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$8,500(-1.9%)
Key Takeaway
Homes in Saint Michael have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Saint Michael was $430,000 in October 2024, down 1.9% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $307K | $300K | -2.3% |
| 3 Bedrooms | $390.9K | $369.9K | -5.4% |
| 4 Bedrooms | $464.9K | $478.7K | +3.0% |
| 5+ Bedrooms | $496.5K | $526.3K | +6.0% |
Summary: Saint Michael 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 decreased by 2.3%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
| Hanover | $425K | $450K | +5.9% |
| Albertville | $366K | $366.5K | 0.1% |
| Saint Michael | $438.5K | $430K | -1.9% |
| Otsego | $424.9K | $408.5K | -3.9% |
| Hassan Township | $509.3K | $438.4K | -13.9% |
Housing Supply in Saint Michael, MN
How many homes are available in Saint Michael, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 175 | 207 | +18.3% |
Summary: The Saint Michael real estate market had 207 homes for sale in October 2024, a 18.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 28 | +40.0% |
| 3 Bedrooms | 49 | 58 | +18.4% |
| 4 Bedrooms | 77 | 79 | +2.6% |
| 5+ Bedrooms | 29 | 42 | +44.8% |
Summary: The Saint Michael 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 increased by 40%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 44.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 33 | -2.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Michael, expect to pay close to the asking price. 42.4% of homes here sold near the asking price last month.
Summary: A total of 33 homes were sold or pending in Saint Michael in October 2024, down by 2.9% month-over-month. Of the 33 sold homes, 36% were sold under asking, 42% were sold at asking, and 21% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 32 Days | -6.0% |
Summary: Homes in Saint Michael had an average of 32 days on market in Oct 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Saint Michael are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in Saint Michael; 61% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
