$5,403 Closing Credit*
$455,000
2,625 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: homecoin.com
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 October 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
$293,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,000(+4.6%)
Key Takeaway
Homes in South Saint Paul have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in South Saint Paul was $293,000 in October 2024, up 4.6% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169.9K | $92K | -45.9% |
| 2 Bedrooms | $236K | $246K | +4.2% |
| 3 Bedrooms | $283.5K | $293K | +3.4% |
| 4 Bedrooms | $329.9K | $310K | -6.0% |
| 5+ Bedrooms | $312.5K | $415K | +32.8% |
Summary: South Saint Paul housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.9%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 32.8%.
Median Sold Price Compared To Nearby Cities
| Inver Grove Heights | $340K | $365K | +7.4% |
| Saint Paul | $276.4K | $290K | +4.9% |
| South Saint Paul | $280K | $293K | +4.6% |
| Newport | $338K | $325K | -3.8% |
Housing Supply in South Saint Paul, MN
How many homes are available in South Saint Paul, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 62 | -4.6% |
Summary: The South Saint Paul real estate market had 62 homes for sale in October 2024, a 4.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 29 | 33 | +13.8% |
| 4 Bedrooms | 17 | 11 | -35.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South Saint Paul housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 35.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 14 | -41.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Saint Paul, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in South Saint Paul in October 2024, down by 41.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 29% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 50 Days | +195.7% |
Summary: Homes in South Saint Paul had an average of 50 days on market in Oct 2024, up by 195.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 14 homes were sold in South Saint Paul; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
