Is West Saint Paul, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, West Saint Paul has remained a Seller's Market.
Key Takeaway
West Saint Paul is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Saint Paul, MN
How much do homes in West Saint Paul, MN cost?
Median Sold Price
$307,050
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Saint Paul have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in West Saint Paul was $307,050 in May 2024, up 3.5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $170.2K | -2.7% |
| 2 Bedrooms | $213K | $225K | +5.6% |
| 3 Bedrooms | $302.1K | $324.2K | +7.3% |
| 4 Bedrooms | $375K | $375K | 0.0% |
| 5+ Bedrooms | $390K | $448K | +14.9% |
Summary: West Saint Paul housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
| Inver Grove Heights | $333.9K | $362.4K | +8.5% |
| West Saint Paul | $296.6K | $307K | +3.5% |
| Saint Paul | $274.8K | $282.6K | +2.8% |
| South Saint Paul | $281K | $285K | +1.4% |
Housing Supply in West Saint Paul, MN
How many homes are available in West Saint Paul, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 67 | +19.6% |
Summary: The West Saint Paul real estate market had 67 homes for sale in May 2024, a 19.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 20 | +33.3% |
| 3 Bedrooms | 27 | 33 | +22.2% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The West Saint Paul housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Saint Paul, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in West Saint Paul in May 2024, up by 46.2% month-over-month. Of the 19 sold homes, 26% were sold under asking, 26% were sold at asking, and 47% were sold over asking.
Days on Market for West Saint Paul, MN
How long does it take to sell a home in West Saint Paul, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 13 Days | +21.2% |
Summary: Homes in West Saint Paul had an average of 13 days on market in May 2024, up by 21.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Saint Paul are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in West Saint Paul; 95% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
