Is Saint Louis County, 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, Saint Louis County has remained a Seller's Market.
Housing Prices in Saint Louis County, MN
How much do homes in Saint Louis County, MN cost?
Median Sold Price
$249,938
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Saint Louis County was $249,938 in April 2024, up 15.9% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105K | $135K | +28.6% |
2 Bedrooms | $190K | $203.6K | +7.2% |
3 Bedrooms | $214K | $249.9K | +16.8% |
4 Bedrooms | $299K | $360K | +20.4% |
5+ Bedrooms | $380K | $390K | +2.6% |
Summary: Saint Louis County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Counties
Saint Louis County | $215.6K | $249.9K | +15.9% |
Itasca County | $235K | $243.4K | +3.6% |
Housing Supply in Saint Louis County, MN
How many homes are available in Saint Louis County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
539 | 636 | +18.0% |
Summary: The Saint Louis County real estate market had 636 homes for sale in April 2024, a 18.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 28 | +12.0% |
2 Bedrooms | 144 | 175 | +21.5% |
3 Bedrooms | 251 | 266 | +6.0% |
4 Bedrooms | 94 | 125 | +33.0% |
5+ Bedrooms | 25 | 42 | +68.0% |
Summary: The Saint Louis County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 33%, and 5+ bedroom homes increased by 68%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
111 | 155 | +39.6% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
67 Homes Were Sold
Over Asking
Summary: A total of 155 homes were sold or pending in Saint Louis County in April 2024, up by 39.6% month-over-month. Of the 147 sold homes, 39% were sold under asking, 16% were sold at asking, and 46% were sold over asking.
Days on Market for Saint Louis County, MN
How long does it take to sell a home in Saint Louis County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 37 Days | -43.6% |
Summary: Homes in Saint Louis County had an average of 37 days on market in Apr 2024, down by 43.6% compared to last year.
Breakdown of Home Sale Times
111 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During April 2024, 155 homes were sold in Saint Louis County; 72% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.