$3,206 Closing Credit*
$270,000
1,416 SqFt
3 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is South Saint Paul, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, South Saint Paul has remained a Seller's Market.
Key Takeaway
South Saint Paul is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Saint Paul, MN
How much do homes in South Saint Paul, MN cost?
Median Sold Price
$290,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,500(+2.3%)
Key Takeaway
Homes in South Saint Paul have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in South Saint Paul was $290,000 in November 2024, up 2.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.4K | $140.6K | +10.4% |
| 2 Bedrooms | $235.5K | $250K | +6.2% |
| 3 Bedrooms | $285K | $292.2K | +2.5% |
| 4 Bedrooms | $329.9K | $307.5K | -6.8% |
| 5+ Bedrooms | $312.5K | $405K | +29.6% |
Summary: South Saint Paul housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 29.6%.
Median Sold Price Compared To Nearby Cities
| Saint Paul | $278.5K | $290K | +4.1% |
| South Saint Paul | $283.5K | $290K | +2.3% |
| Inver Grove Heights | $349.1K | $347.5K | -0.5% |
Housing Supply in South Saint Paul, MN
How many homes are available in South Saint Paul, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 58 | +3.6% |
Summary: The South Saint Paul real estate market had 58 homes for sale in November 2024, a 3.6% 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 | 15 | 17 | +13.3% |
| 3 Bedrooms | 29 | 25 | -13.8% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South Saint Paul 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 increased by 13.3%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Saint Paul, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in South Saint Paul in November 2024, the same as the previous month. Of the 16 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for South Saint Paul, MN
How long does it take to sell a home in South Saint Paul, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 24 Days | -3.2% |
Summary: Homes in South Saint Paul had an average of 24 days on market in Nov 2024, down by 3.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Saint Paul are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in South Saint Paul; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
