Is Saint Louis Park, 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, Saint Louis Park has remained a Seller's Market.
Housing Prices in Saint Louis Park, MN
How much do homes in Saint Louis Park, MN cost?
Median Sold Price
$375,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Saint Louis Park was $375,000 in May 2024, up 2.7% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170.5K | $163.9K | -3.9% |
2 Bedrooms | $274.9K | $270K | -1.8% |
3 Bedrooms | $375K | $390K | +4.0% |
4 Bedrooms | $451K | $471.7K | +4.6% |
5+ Bedrooms | $692.1K | $625K | -9.7% |
Summary: Saint Louis Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 9.7%.
Median Sold Price Compared To Nearby Cities
Hopkins | $346.5K | $369.8K | +6.8% |
Minnetonka | $446K | $471.6K | +5.7% |
Saint Louis Park | $365K | $375K | +2.7% |
Edina | $579.8K | $588.1K | +1.4% |
Golden Valley | $429.2K | $425K | -1.0% |
Housing Supply in Saint Louis Park, MN
How many homes are available in Saint Louis Park, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
183 | 232 | +26.8% |
Summary: The Saint Louis Park real estate market had 232 homes for sale in May 2024, a 26.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 24 | +26.3% |
2 Bedrooms | 63 | 68 | +7.9% |
3 Bedrooms | 56 | 83 | +48.2% |
4 Bedrooms | 32 | 42 | +31.3% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Saint Louis Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 48.2%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 52 | 0.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Saint Louis Park in May 2024, the same as the previous month. Of the 52 sold homes, 38% were sold under asking, 17% were sold at asking, and 44% were sold over asking.
Days on Market for Saint Louis Park, MN
How long does it take to sell a home in Saint Louis Park, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 26 Days | +37.0% |
Summary: Homes in Saint Louis Park had an average of 26 days on market in May 2024, up by 37% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 52 homes were sold in Saint Louis Park; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.