$2,374 Closing Credit*
$199,900
1,707 SqFt
2 Beds
•2 Full Baths
Listing Office: Keller Williams Integrity Realty
Is West Seventh, 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, 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
$300,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+5.3%)
Key Takeaway
Homes in West Seventh have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in West Seventh was $300,000 in October 2024, up 5.3% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $174.9K | +6.0% |
| 2 Bedrooms | $267.5K | $275K | +2.8% |
| 3 Bedrooms | $285K | $305.9K | +7.4% |
| 4 Bedrooms | $335K | $362.4K | +8.2% |
| 5+ Bedrooms | $275K | $355K | +29.1% |
Summary: West Seventh housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 29.1%.
Median Sold Price Compared To Nearby Neighborhoods
| West Seventh | $285K | $300K | +5.3% |
| West Side | $255.4K | $263.5K | +3.2% |
| Downtown Saint Paul | $195K | $200K | +2.6% |
| Summit-University | $295K | $299K | +1.4% |
| Summit Hill | $520K | $522K | 0.4% |
Housing Supply in West Seventh, MN
How many homes are available in West Seventh, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 45 | +12.5% |
Summary: The West Seventh real estate market had 45 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 18 | 23 | +27.8% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The West Seventh housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Seventh, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in West Seventh in October 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 30 Days | +41.8% |
Summary: Homes in West Seventh had an average of 30 days on market in Oct 2024, up by 41.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Seventh are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in West Seventh; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
