Is West Side, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Side is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, West Side has remained a Seller's Market.

Key Takeaway

West Side is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Side, MN

How much do homes in West Side, MN cost?

Median Sold Price

$262,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,550(+3.0%)

Key Takeaway

Homes in West Side have sold for 3% more than they did a year ago.

Summary: The median home sold price in West Side was $262,000 in November 2024, up 3% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $155.9K$196.5K
+26.0%
2 $210.5K$225.7K
+7.2%
3 $256K$262K
+2.3%
4 $313.5K$289.9K
-7.5%
5+ $277.5K$316K
+13.9%

Summary: West Side housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 13.9%.

Median Sold Price Compared To Nearby Neighborhoods

West Seventh
+7.1%
West Side
+3.0%
Sunray-Battle Creek-Highwood
+2.9%
Dayton's Bluff
-2.7%
Downtown Saint Paul
-8.0%

Housing Supply in West Side, MN

How many homes are available in West Side, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4140-2.4%

Summary: The West Side real estate market had 40 homes for sale in November 2024, a 2.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 98
-11.1%
3 2424
0.0%
4 77
0.0%
5+ 00
0.0%

Summary: The West Side 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 decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1112+9.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Side, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in West Side in November 2024, up by 9.1% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for West Side, MN

How long does it take to sell a home in West Side, MN?

Average Sale Time

Nov 2023Nov 2024CHANGE
32 Days30 Days-4.7%

Summary: Homes in West Side had an average of 30 days on market in Nov 2024, down by 4.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Side are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in West Side; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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