$75,000
Land
Listing Office: Herizon Realty
Is Saint Peter, 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 Peter has remained a Seller's Market.
Key Takeaway
Saint Peter is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saint Peter, MN
How much do homes in Saint Peter, MN cost?
Median Sold Price
$275,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+22.2%)
Key Takeaway
Homes in Saint Peter have sold for 22.2% more than they did a year ago.
Summary: The median home sold price in Saint Peter was $275,000 in October 2024, up 22.2% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $75K | N/A |
| 2 Bedrooms | $220K | $195K | -11.4% |
| 3 Bedrooms | $217.5K | $266K | +22.3% |
| 4 Bedrooms | $319.5K | $289.5K | -9.4% |
| 5+ Bedrooms | $267.5K | $327.4K | +22.4% |
Summary: Saint Peter 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 11.4%, 3 bedroom homes increased by 22.3%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 22.4%.
Housing Supply in Saint Peter, MN
How many homes are available in Saint Peter, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The Saint Peter real estate market had 10 homes for sale in October 2024, a 16.7% decrease 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Saint Peter 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 remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Peter, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Saint Peter in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Saint Peter, MN
How long does it take to sell a home in Saint Peter, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 18 Days | +2.9% |
Summary: Homes in Saint Peter had an average of 18 days on market in Oct 2024, up by 2.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Peter are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Saint Peter; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
