$2,969 Closing Credit*
$250,000
1,655 SqFt
4 Beds
•1 Full Bath
Listing Office: Lynden Realty, Ltd.
Is West Seventh, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, West Seventh has remained a Seller's Market.
Key Takeaway
West Seventh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Seventh, MN
How much do homes in West Seventh, MN cost?
Median Sold Price
$294,500
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$15,750(+5.7%)
Key Takeaway
Homes in West Seventh have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in West Seventh was $294,500 in September 2024, up 5.7% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $180K | +5.9% |
| 2 Bedrooms | $265K | $275K | +3.8% |
| 3 Bedrooms | $280K | $302.4K | +8.0% |
| 4 Bedrooms | $335K | $350K | +4.5% |
| 5+ Bedrooms | $275K | $348.7K | +26.8% |
Summary: West Seventh housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 26.8%.
Median Sold Price Compared To Nearby Neighborhoods
| West Seventh | $278.7K | $294.5K | +5.7% |
| West Side | $250K | $260K | +4.0% |
| Summit Hill | $515K | $532.5K | +3.4% |
| Summit-University | $295K | $296.5K | 0.5% |
| Downtown Saint Paul | $205K | $196.4K | -4.2% |
Housing Supply in West Seventh, MN
How many homes are available in West Seventh, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 35 | 43 | +22.9% |
Summary: The West Seventh real estate market had 43 homes for sale in September 2024, a 22.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 13 | 19 | +46.2% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The West Seventh housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 46.2%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Seventh, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in West Seventh in September 2024, down by 18.2% month-over-month. Of the 9 sold homes, 11% were sold under asking, 44% were sold at asking, and 44% were sold over asking.
Days on Market for West Seventh, MN
How long does it take to sell a home in West Seventh, MN?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 12 Days | 26 Days | +111.9% |
Summary: Homes in West Seventh had an average of 26 days on market in Sep 2024, up by 111.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Seventh are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 9 homes were sold in West Seventh; 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.
