$3,503 Closing Credit*
$295,000
1,758 SqFt
4 Beds
•2 Full Baths
Listing Office: Creative Results
Is Saint Paul, 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 Paul has remained a Seller's Market.
Key Takeaway
Saint Paul is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saint Paul, MN
How much do homes in Saint Paul, MN cost?
Median Sold Price
$290,058
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,607(+4.9%)
Key Takeaway
Homes in Saint Paul have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Saint Paul was $290,058 in October 2024, up 4.9% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158K | $158.2K | 0.1% |
| 2 Bedrooms | $235K | $240.1K | +2.2% |
| 3 Bedrooms | $282.9K | $298K | +5.3% |
| 4 Bedrooms | $333.3K | $352.6K | +5.8% |
| 5+ Bedrooms | $417.3K | $385K | -7.8% |
Summary: Saint Paul housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 7.8%.
Median Sold Price Compared To Nearby Cities
| Mendota Heights | $495K | $540K | +9.1% |
| West Saint Paul | $300K | $315K | +5.0% |
| Saint Paul | $276.4K | $290K | +4.9% |
| Falcon Heights | $409.5K | $400K | -2.3% |
Housing Supply in Saint Paul, MN
How many homes are available in Saint Paul, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 874 | 941 | +7.7% |
Summary: The Saint Paul real estate market had 941 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 87 | 93 | +6.9% |
| 2 Bedrooms | 192 | 212 | +10.4% |
| 3 Bedrooms | 339 | 364 | +7.4% |
| 4 Bedrooms | 179 | 189 | +5.6% |
| 5+ Bedrooms | 77 | 83 | +7.8% |
Summary: The Saint Paul housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 7.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 211 | 219 | +3.8% |
Asking Price vs. Sold Price
90 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
81 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Paul, you may be able to get a good deal. 41.1% of homes here sold below asking price last month.
Summary: A total of 219 homes were sold or pending in Saint Paul in October 2024, up by 3.8% month-over-month. Of the 219 sold homes, 41% were sold under asking, 22% were sold at asking, and 37% were sold over asking.
Days on Market for Saint Paul, MN
How long does it take to sell a home in Saint Paul, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 32 Days | +46.2% |
Summary: Homes in Saint Paul had an average of 32 days on market in Oct 2024, up by 46.2% compared to last year.
Breakdown of Home Sale Times
137 Homes Were Sold
Under 30 Days
59 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Paul are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 219 homes were sold in Saint Paul; 63% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
