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 April 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
$300,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in West Saint Paul has remained the same since last year.
Summary: The median home sold price in West Saint Paul was $300,000 in April 2024, down 0.3% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190.5K | $165K | -13.4% |
| 2 Bedrooms | $217K | $225K | +3.7% |
| 3 Bedrooms | $300.5K | $324.2K | +7.9% |
| 4 Bedrooms | $373K | $361.5K | -3.1% |
| 5+ Bedrooms | $384.4K | $419K | +9.0% |
Summary: West Saint Paul housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.4%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
| Inver Grove Heights | $330K | $371.4K | +12.6% |
| Saint Paul | $275K | $281.2K | +2.3% |
| South Saint Paul | $280K | $285K | +1.8% |
| West Saint Paul | $301K | $300K | -0.3% |
Housing Supply in West Saint Paul, MN
How many homes are available in West Saint Paul, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 43 | +13.2% |
Summary: The West Saint Paul real estate market had 43 homes for sale in April 2024, a 13.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 12 | 16 | +33.3% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The West Saint Paul housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 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. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in West Saint Paul in April 2024, the same as the previous month. Of the 13 sold homes, 15% were sold under asking, 8% were sold at asking, and 77% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 8 Days | -61.4% |
Summary: Homes in West Saint Paul had an average of 8 days on market in Apr 2024, down by 61.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were 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 April 2024, 13 homes were sold in West Saint Paul; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
